New York, Jan 19, 2026, 19:09 EST — The market has closed.
- Analog Devices closed lower in the last U.S. session before trading halted for the Martin Luther King Jr. Day holiday.
- A new tariff threat from Washington sent U.S. index futures tumbling and dragged chip stocks back into the red.
- Investors await details on when ADI will roll out its next quarterly update and earnings report.
Analog Devices (ADI.O) shares closed Friday down 0.6% at $300.25. The stock swung between $299.73 and $309.26 during the session, opening at $307.53 with roughly 4.3 million shares changing hands.
U.S. stock and bond markets shut down Monday in observance of Martin Luther King Jr. Day, pushing the next cash session to Tuesday. That shift places greater emphasis on overnight moves and overseas activity. (MarketWatch)
Those signs took a hit after President Donald Trump threatened new tariffs on imports from multiple European countries, dragging S&P 500 and Nasdaq futures down over 1.2%, Reuters reported. “There is obviously a response” to the fresh tariff threats, said George Lagarias, chief economist at Forvis Mazars. (Reuters)
For chipmakers, policy risks hit fast. Just the threat of tariffs can shift ordering patterns, and these effects typically appear first in the segments of the market that operate 24/7.
ADI’s earnings report is coming up next. Analysts are looking for fiscal Q1 profit of $2.33 per share, a jump from $1.63 in the same quarter last year, according to Barchart. (Barchart)
Analog Devices last reported a beat on estimates, with first-quarter profit and revenue coming in above Wall Street’s forecasts. CFO Richard Puccio highlighted “Healthy bookings trends continued” in Q4, pointing to growth in industrial and robust demand in communications. (Reuters)
Chip stocks in Europe slipped Monday. ASML dipped 3.3% in Amsterdam, with Infineon and STMicroelectronics also sliding, Barron’s reported, as concerns grew over a possible broadening trade dispute. (Barron’s)
Tuesday morning brings the key read-through for U.S.-listed semiconductor stocks. Traders will watch closely to see if the drop in futures extends into regular trading or eases off after the market opens.
The upcoming date remains unclear. Nasdaq’s earnings page shows ADI set to report on Feb. 18, but MarketWatch and Investing.com both point to Feb. 25 for the quarterly results. The company hasn’t confirmed either date yet. (Nasdaq)
The risk is clear: rising trade tensions could dent confidence, prompting industrial buyers to hold back inventory and postpone orders. For an analog chipmaker linked to factory output and communications rollouts, these effects can surface well before any official policy changes hit the news.
U.S. trading kicks off again Tuesday, Jan. 20, with chip stocks likely moving in line with early futures and sector activity. For Analog Devices, the key trigger will be a clear update on when earnings will drop — and, crucially, what the company says about demand heading into the March quarter.
