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<p><strong>Analog Devices Inc (NASDAQ:ADI) </strong>will report fiscal second-quarter earnings before the open on Tuesday, May 20. According to Zacks Research, analysts expect earnings of $2.89 per share on revenue of $3.51 billion, representing year-over-year growth of 56% and 33%, respectively.</p>
<p>Options traders are bracing for a sizable post-earnings move. The options pits are pricing in a next-day swing of 10.1%, nearly double the stock's historical earnings move of 5.4% over the last eight quarters. Analog Devices stock has leaned bullish after earnings lately, closing six of its last eight post-earnings sessions higher, including its last three. </p>
<p>The shares were last seen down 1.3% at $413.06, moving further from their recent May 13 record high of $435.72. Since the start of 2026, ADI is outperforming with a 52.5% lead. </p>
<p><img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/may/intraday/adi-may-19.png/query-c2Z2cnNuPTM4NDliZDA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="ADI May 19" title="ADI May 19" width="581" height="303" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2026/may/intraday/adi-may-19.png/query-c2Z2cnNuPTM4NDliZDA2XzI"/></p>
<p>Analyst sentiment remains firmly bullish. Of the 32 brokerages in coverage, 23 carry a &#34;strong buy&#34; rating, compared to four &#34;buy&#34; ratings and just five &#34;hold&#34; ratings, with no &#34;sell&#34; or &#34;strong sell&#34; recommendations on the books. Elevated expectations could leave the shares vulnerable to bear notes, should earnings disappoint.</p>
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<div>Sentiment in the options pits leans pessimistic ahead of the event. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ADI's 10-day put/call volume ratio of 1.55 ranks higher than 70% of annual readings. </div>
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<div>It's also worth noting that the stock sports a <strong>Schaeffer's Volatility Scorecard (SVS)</strong> of 87 out of 100, suggesting the equity has consistently exceeded options traders' volatility expectations during the past year.</div>
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亞德諾

半導體 ETF - VanEck Vectors

標普半導體 ETF - SPDR

半導體 3 倍做多 - Direxion

費城交易所 半導體 ETF - iShares

<p>亞德諾半導體公司（NASDAQ:ADI）將於 5 月 20 日公佈 2023 財年第二季度財報，分析師預計每股收益為 2.89 美元，收入為 35.1 億美元，同比增長分別為 56% 和 33%。該股目前下跌 1.3%，報 413.06 美元，遠離其創紀錄高點 435.72 美元。分析師情緒樂觀，32 家券商中有 23 家給予 “強烈買入” 評級。然而，期權交易者則表現謹慎，暗示財報發佈後可能會出現波動</p>

在財報發佈之前，亞德諾的股票從歷史高位回落