shares of analog devices inc adi rose 26 in premarket trading wednesday after the semiconductor company reported fiscal secondquarter profit and record revenue that rose above expectations and provided an upbeat thirdquarter outlook net income for the quarter to april 30 rose to 7833 million or 149 a share from 4229 million or 114 a share in the yearago period excluding nonrecurring items adjusted earnings per share of 240 beat the factset consensus of 211 revenue grew 789 to a record 297 billion above the factset consensus of 284 billion cost of sales growth outpaced revenue growth rising 958 to 103 billion as gross margin contracted to 654 from 684 despite increasing geopolitical uncertainty and ongoing supply chain disruptions we enter the second half from a position of strength with increased capacity and continued bookings momentum said chief executive vincent roche for the third quarter the company expects adjusted eps of 242 plus or minus 10 cents compared with the factset consensus of 217 the stock has slipped 68 year to date through tuesday while the phlx semiconductor index sox has tumbled 223 and the sp 500 spx has dropped 142