Analog Devices (ADI) reported fiscal Q2 adjusted earnings Thursday of $1.85 per diluted share, up from $1.40 a year earlier.

Analysts polled by FactSet expected $1.70.

Revenue for the quarter ended May 3 was $2.64 billion, up from $2.16 billion a year earlier.

Analysts surveyed by FactSet expected $2.51 billion.

For fiscal Q3, the company expects adjusted EPS of $1.92, plus or minus $0.10, on revenue of $2.75 billion, plus or minus $100 million.

Analysts polled by FactSet expect non-GAAP EPS of $1.80 on revenue of $2.61 billion.

Analog Devices shares were up 2.7% in recent premarket activity.