Subtext

Analog Devices, Inc. ADI

SectorInformation Technology
Transcripts72
Date range2006-04-27 – 2025-02-19
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-17-8+0+8+172006 Q32009 Q12012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22006 Q3 · Overall: -0.42006 Q4 · Overall: -1.92007 Q1 · Overall: -3.52007 Q2 · Overall: +1.92007 Q4 · Overall: +1.62008 Q1 · Overall: +5.12008 Q2 · Overall: +0.82008 Q3 · Overall: +1.02008 Q4 · Overall: +4.32009 Q1 · Overall: -2.32009 Q2 · Overall: +0.92009 Q3 · Overall: +3.52009 Q4 · Overall: +4.52010 Q1 · Overall: +2.72010 Q2 · Overall: +7.62011 Q1 · Overall: +10.32011 Q2 · Overall: +10.32011 Q3 · Overall: -4.82012 Q1 · Overall: -3.62012 Q2 · Overall: +1.12012 Q3 · Overall: +5.62012 Q4 · Overall: +0.42013 Q1 · Overall: +4.22013 Q2 · Overall: +3.22013 Q3 · Overall: +5.92013 Q4 · Overall: -1.42014 Q1 · Overall: +4.32014 Q2 · Overall: +7.32014 Q3 · Overall: +4.02014 Q4 · Overall: +7.12015 Q1 · Overall: +8.82015 Q2 · Overall: +6.12015 Q3 · Overall: +4.72015 Q4 · Overall: +3.82016 Q1 · Overall: +6.22016 Q2 · Overall: +3.42016 Q3 · Overall: +7.02016 Q4 · Overall: +4.82017 Q1 · Overall: +14.62017 Q2 · Overall: +11.72017 Q3 · Overall: +11.12017 Q4 · Overall: +8.22018 Q1 · Overall: +7.72018 Q2 · Overall: +5.92018 Q3 · Overall: +4.72018 Q4 · Overall: +7.42019 Q1 · Overall: +3.12019 Q2 · Overall: +1.62019 Q3 · Overall: +2.92019 Q4 · Overall: -0.82020 Q1 · Overall: +5.92020 Q2 · Overall: +0.72020 Q3 · Overall: +8.52020 Q4 · Overall: +6.82021 Q1 · Overall: +9.52021 Q2 · Overall: +8.52021 Q3 · Overall: +10.12021 Q4 · Overall: +10.82022 Q1 · Overall: +13.62022 Q2 · Overall: +10.72022 Q3 · Overall: +7.12022 Q4 · Overall: +5.52023 Q1 · Overall: +12.32023 Q2 · Overall: +2.92023 Q3 · Overall: +3.52023 Q4 · Overall: +1.62024 Q1 · Overall: -0.82024 Q2 · Overall: +9.02024 Q3 · Overall: +4.52024 Q4 · Overall: +5.22025 Q1 · Overall: +5.7
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-36-18+0+18+362006 Q32009 Q12012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22006 Q4 · CEO: -4.92007 Q2 · CEO: +19.92007 Q4 · CEO: +9.12008 Q1 · CEO: +12.02008 Q2 · CEO: +8.12008 Q3 · CEO: +8.42008 Q4 · CEO: +13.62009 Q1 · CEO: -9.72009 Q2 · CEO: +3.42009 Q3 · CEO: +5.02009 Q4 · CEO: +9.52010 Q1 · CEO: +8.42010 Q2 · CEO: +14.72011 Q1 · CEO: +18.12011 Q2 · CEO: +15.62011 Q3 · CEO: -3.22012 Q1 · CEO: +2.62012 Q2 · CEO: +13.82012 Q3 · CEO: +13.72012 Q4 · CEO: +7.42013 Q1 · CEO: +9.92013 Q2 · CEO: +13.52013 Q3 · CEO: +11.42013 Q4 · CEO: +7.42014 Q1 · CEO: +12.72014 Q2 · CEO: +17.62014 Q3 · CEO: +10.02014 Q4 · CEO: +13.62016 Q2 · CEO: +15.42016 Q3 · CEO: +18.02017 Q4 · CEO: +14.92018 Q2 · CEO: +9.12018 Q3 · CEO: +17.12018 Q4 · CEO: +11.42019 Q1 · CEO: +13.32019 Q2 · CEO: +12.12019 Q4 · CEO: +9.42020 Q2 · CEO: +7.32020 Q3 · CEO: +23.92020 Q4 · CEO: +14.92021 Q2 · CEO: +18.92021 Q3 · CEO: +31.42021 Q4 · CEO: +25.02022 Q2 · CEO: +25.12022 Q3 · CEO: +22.12022 Q4 · CEO: +22.72023 Q1 · CEO: +30.22023 Q2 · CEO: +9.32023 Q3 · CEO: +10.22023 Q4 · CEO: +13.52024 Q2 · CEO: +20.22024 Q3 · CEO: +19.62006 Q4 · CFO: -2.62007 Q2 · CFO: +4.62007 Q4 · CFO: -4.42009 Q1 · CFO: -0.32009 Q2 · CFO: +2.12009 Q3 · CFO: +7.32009 Q4 · CFO: +5.82010 Q1 · CFO: -5.42010 Q2 · CFO: +7.12011 Q1 · CFO: +4.02011 Q2 · CFO: +7.72011 Q3 · CFO: +1.32012 Q1 · CFO: -1.22012 Q2 · CFO: -0.32012 Q3 · CFO: +1.72012 Q4 · CFO: +3.22013 Q1 · CFO: +0.02013 Q2 · CFO: +2.12013 Q3 · CFO: +6.52013 Q4 · CFO: -3.42014 Q1 · CFO: +1.92014 Q2 · CFO: +0.82014 Q3 · CFO: +0.52014 Q4 · CFO: +6.22016 Q2 · CFO: +6.12016 Q3 · CFO: +8.62017 Q4 · CFO: +13.92018 Q2 · CFO: +22.92018 Q3 · CFO: +3.72018 Q4 · CFO: +12.12019 Q1 · CFO: +3.92019 Q2 · CFO: -6.32019 Q4 · CFO: +0.82020 Q2 · CFO: +0.02020 Q3 · CFO: +1.12020 Q4 · CFO: +7.22021 Q1 · CFO: +14.32021 Q2 · CFO: +8.82021 Q3 · CFO: +5.62021 Q4 · CFO: +2.52022 Q1 · CFO: +18.72022 Q2 · CFO: +10.92022 Q3 · CFO: +11.92022 Q4 · CFO: +3.42023 Q1 · CFO: +12.02023 Q2 · CFO: +4.92023 Q3 · CFO: +5.82023 Q4 · CFO: +0.02024 Q1 · CFO: +10.22024 Q2 · CFO: +3.82024 Q3 · CFO: -3.12024 Q4 · CFO: +21.92025 Q1 · CFO: +12.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-100-50+0+50+1002006 Q32009 Q12012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22006 Q3 · Prepared remarks: +9.42006 Q4 · Prepared remarks: +1.32007 Q1 · Prepared remarks: +7.62007 Q2 · Prepared remarks: +9.42007 Q4 · Prepared remarks: +15.72008 Q1 · Prepared remarks: +11.82008 Q2 · Prepared remarks: +5.42008 Q3 · Prepared remarks: +11.22008 Q4 · Prepared remarks: +10.32009 Q1 · Prepared remarks: -1.52009 Q2 · Prepared remarks: +2.42009 Q3 · Prepared remarks: +5.92009 Q4 · Prepared remarks: +11.82010 Q1 · Prepared remarks: +4.12010 Q2 · Prepared remarks: +15.32011 Q1 · Prepared remarks: +14.12011 Q2 · Prepared remarks: +16.42011 Q3 · Prepared remarks: -2.32012 Q1 · Prepared remarks: +2.42012 Q2 · Prepared remarks: +2.72012 Q3 · Prepared remarks: +3.52012 Q4 · Prepared remarks: +6.22013 Q1 · Prepared remarks: -3.52013 Q2 · Prepared remarks: +4.12013 Q3 · Prepared remarks: +9.62013 Q4 · Prepared remarks: +2.12014 Q1 · Prepared remarks: +5.12014 Q2 · Prepared remarks: +9.52014 Q3 · Prepared remarks: +10.02014 Q4 · Prepared remarks: +9.52015 Q1 · Prepared remarks: +7.62015 Q2 · Prepared remarks: +15.72015 Q3 · Prepared remarks: +24.72015 Q4 · Prepared remarks: +39.02016 Q1 · Prepared remarks: -14.32016 Q2 · Prepared remarks: +32.32016 Q3 · Prepared remarks: +14.42016 Q4 · Prepared remarks: +24.62017 Q1 · Prepared remarks: +40.92017 Q2 · Prepared remarks: +43.82017 Q3 · Prepared remarks: +87.02017 Q4 · Prepared remarks: +46.22018 Q1 · Prepared remarks: +30.92018 Q2 · Prepared remarks: +10.52018 Q3 · Prepared remarks: +23.02018 Q4 · Prepared remarks: +36.82019 Q1 · Prepared remarks: +16.82019 Q2 · Prepared remarks: +6.82019 Q3 · Prepared remarks: +8.92019 Q4 · Prepared remarks: +3.12020 Q1 · Prepared remarks: +8.32020 Q2 · Prepared remarks: +2.22020 Q3 · Prepared remarks: +18.82020 Q4 · Prepared remarks: +9.62021 Q1 · Prepared remarks: +15.52021 Q2 · Prepared remarks: +18.72021 Q3 · Prepared remarks: +25.12021 Q4 · Prepared remarks: +21.62022 Q1 · Prepared remarks: +24.92022 Q2 · Prepared remarks: +24.42022 Q3 · Prepared remarks: +19.32022 Q4 · Prepared remarks: +19.42023 Q1 · Prepared remarks: +20.62023 Q2 · Prepared remarks: +10.32023 Q3 · Prepared remarks: +14.52023 Q4 · Prepared remarks: +11.42024 Q1 · Prepared remarks: +13.72024 Q2 · Prepared remarks: +13.02024 Q3 · Prepared remarks: +10.32024 Q4 · Prepared remarks: +12.02025 Q1 · Prepared remarks: +9.92006 Q3 · Q&A responses: +0.92006 Q4 · Q&A responses: -1.62007 Q1 · Q&A responses: -5.12007 Q2 · Q&A responses: +0.52007 Q4 · Q&A responses: -2.82008 Q1 · Q&A responses: +7.62008 Q2 · Q&A responses: +5.52008 Q3 · Q&A responses: +2.22008 Q4 · Q&A responses: +8.52009 Q1 · Q&A responses: +0.22009 Q2 · Q&A responses: +3.02009 Q3 · Q&A responses: +5.32009 Q4 · Q&A responses: +5.72010 Q1 · Q&A responses: +5.42010 Q2 · Q&A responses: +8.82011 Q1 · Q&A responses: +12.02011 Q2 · Q&A responses: +7.72011 Q3 · Q&A responses: -2.62012 Q1 · Q&A responses: -2.62012 Q2 · Q&A responses: +4.42012 Q3 · Q&A responses: +10.02012 Q4 · Q&A responses: +2.42013 Q1 · Q&A responses: +7.42013 Q2 · Q&A responses: +6.92013 Q3 · Q&A responses: +6.62013 Q4 · Q&A responses: +1.72014 Q1 · Q&A responses: +8.42014 Q2 · Q&A responses: +9.92014 Q3 · Q&A responses: +6.02014 Q4 · Q&A responses: +9.12015 Q1 · Q&A responses: +14.82015 Q2 · Q&A responses: +7.22015 Q3 · Q&A responses: +11.12015 Q4 · Q&A responses: +6.62016 Q1 · Q&A responses: +13.12016 Q2 · Q&A responses: +7.32016 Q3 · Q&A responses: +11.92016 Q4 · Q&A responses: +10.72017 Q1 · Q&A responses: +19.42017 Q2 · Q&A responses: +15.52017 Q3 · Q&A responses: +15.22017 Q4 · Q&A responses: +11.62018 Q1 · Q&A responses: +13.22018 Q2 · Q&A responses: +9.82018 Q3 · Q&A responses: +10.22018 Q4 · Q&A responses: +9.92019 Q1 · Q&A responses: +7.62019 Q2 · Q&A responses: +3.62019 Q3 · Q&A responses: +7.32019 Q4 · Q&A responses: +1.12020 Q1 · Q&A responses: +9.72020 Q2 · Q&A responses: +4.82020 Q3 · Q&A responses: +5.22020 Q4 · Q&A responses: +10.82021 Q1 · Q&A responses: +7.02021 Q2 · Q&A responses: +4.42021 Q3 · Q&A responses: +4.62021 Q4 · Q&A responses: +2.82022 Q1 · Q&A responses: +9.22022 Q2 · Q&A responses: +7.92022 Q3 · Q&A responses: +8.52022 Q4 · Q&A responses: +1.42023 Q1 · Q&A responses: +13.72023 Q2 · Q&A responses: +0.32023 Q3 · Q&A responses: +1.02023 Q4 · Q&A responses: -0.42024 Q1 · Q&A responses: -3.62024 Q2 · Q&A responses: +11.72024 Q3 · Q&A responses: +5.52024 Q4 · Q&A responses: +9.22025 Q1 · Q&A responses: +8.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.75$6.61$11.472006 Q32009 Q12012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $2.422014 Q2: $2.592014 Q3: $2.792014 Q4: $2.882015 Q1: $3.042015 Q2: $3.142015 Q3: $3.322015 Q4: $3.372016 Q1: $2.992016 Q2: $3.062016 Q3: $3.262016 Q4: $3.462017 Q1: $4.192017 Q2: $4.542017 Q3: $4.852017 Q4: $5.252018 Q1: $5.702018 Q2: $5.892018 Q3: $5.932018 Q4: $5.582019 Q1: $5.692019 Q2: $5.432019 Q3: $5.332019 Q4: $4.922020 Q1: $5.042020 Q2: $4.772020 Q3: $5.492020 Q4: $5.792021 Q1: $6.312021 Q2: $6.742021 Q3: $7.212021 Q4: $7.752022 Q1: $8.662022 Q2: $9.792022 Q3: $9.562022 Q4: $9.892023 Q1: $10.802023 Q2: $10.232023 Q3: $8.572023 Q4: $7.322024 Q1: $6.602024 Q2: $7.412024 Q3: $7.462024 Q4: $7.41

Forward P/E

13.6623.3833.092006 Q32009 Q12012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 21.312014 Q2: 21.312014 Q3: 17.772014 Q4: 19.442015 Q1: 19.662015 Q2: 21.412015 Q3: 17.622015 Q4: 17.102016 Q1: 19.042016 Q2: 18.582016 Q3: 18.692016 Q4: 20.972017 Q1: 19.932017 Q2: 17.822017 Q3: 16.912017 Q4: 16.222018 Q1: 16.522018 Q2: 17.162018 Q3: 15.612018 Q4: 15.002019 Q1: 18.992019 Q2: 20.462019 Q3: 21.882019 Q4: 23.802020 Q1: 16.302020 Q2: 25.692020 Q3: 21.072020 Q4: 24.672021 Q1: 24.442021 Q2: 24.632021 Q3: 24.152021 Q4: 23.172022 Q1: 18.312022 Q2: 15.342022 Q3: 15.722022 Q4: 17.362023 Q1: 16.942023 Q2: 18.752023 Q3: 20.562023 Q4: 26.262024 Q1: 30.112024 Q2: 31.752024 Q3: 29.852024 Q4: 28.05

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -3.3 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -2.7 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +2.4 fwd EPS ↓ -0.38 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -2.9 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.1 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -2.9 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -2.8 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +2.7 fwd EPS ↓ -0.35 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -4.3 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.8 fwd EPS ↑ +1.12 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-02-19+5.7——View →
2024 Q42024-11-26+5.2$7.4128.1View →
2024 Q32024-08-21+4.5$7.4629.9View →
2024 Q22024-05-22+9.0$7.4131.8View →
2024 Q12024-02-21-0.8$6.6030.1View →
2023 Q42023-11-21+1.6$7.3226.3View →
2023 Q32023-08-23+3.5$8.5720.6View →
2023 Q22023-05-24+2.9$10.2318.8View →