10:21 AM EDT, 05/22/2025 (MT Newswires) -- Analog Devices ( ADI ) on Thursday reported stronger-than-expected fiscal second-quarter results as bookings picked up pace, while the chipmaker provided an above-consensus outlook for the ongoing three-month period.

Adjusted per-share earnings rose to $1.85 for the quarter ended May 3 from $1.40 a year earlier, exceeding the FactSet-polled consensus of $1.70. Revenue jumped 22% year on year to $2.64 billion, ahead of analysts' $2.51 billion forecast.

"Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery, and the strength and resiliency of our business model," Chief Executive Vincent Roche said in a statement.

For the current quarter, the semiconductor manufacturer expects adjusted EPS of $1.92, plus or minus $0.10, on revenue of $2.75 billion, plus or minus $100 million. Analysts are looking for non-GAAP EPS of $1.80 and sales of $2.61 billion.

"Second quarter bookings accelerated across all end markets and all regions, resulting in continued sequential backlog growth," Chief Financial Officer Richard Puccio said. "The improving demand signals we saw throughout our fiscal (second quarter) support our outlook for continued growth in (the third quarter), and reinforce our view that we are in a cyclical upturn."

Revenue in the communications segment rose 32% year on year in the second quarter, while the consumer division delivered a 30% increase. Sales in the automotive and industrial segments grew by double digits.

Gross margin improved by 630 basis points year on year to 61% during the quarter, while operating margin soared 780 basis points to about 25.7%.

The stock was up 0.4% intraday, but has gained about 5% so far this year.

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