Analog Devices (ADI) on Thursday reported better fiscal second-quarter results than analysts had expected as sales rose across all of the chipmaker's segments.

Second-quarter revenue rose 22% from the 澳洲幸运5官方开奖结果体彩网:same time a year ago to $2.64 billion, while adjusted earnings per share rose 32% to $1.85. Each metric꧂ also topped the analyst consensus compiled by ꦓVisible Alpha.

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

CFO Says Analog Believes Industry in 'Cyclical Upturn'

CFO Richard Puccio also said that the company saw "improving demand signals" across its business in the quarter, which "reinforce our view that we are in a cyclical upturn."

Sales rose year-over-year across each of Analog's four segments: industrial, automotive, consumer, and communications. The company said it expects third-quarter revenue between $2.65 billion and $2.85 billion, with adjusted EPS forecast from $1.82 to $2.02, each largely above what analysts currently project.

Shares were little changed in recent trading. They are up slightly since the start of the year, but are below record levels set following 澳洲幸运5官方开奖结果体彩网:last quarter's report🍸 that also saw its dividend raised and stock buyback plan boosted.