Analog Devices forecast third-quarter revenue above analyst expectations on Thursday, but a projected sequential decline in the automotive segment sent shares down 5%, as the chipmaker pinned demand in the unit to tariff-linked pull-ins.

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

Shares of Analog Devices climbed in premarket trading Thursday after the semiconductor company reported second-quarter earnings and revenue that topped Wall Street expectations. Adjusted earnings of $1.