Analog Devices, Inc. announced its second-quarter earnings report for 2018 on May 30: revenue of $1,513 million, an increase of 32% year-on-year; gross profit margin rose to 68.3% from 55.8% a year ago.

In the second quarter of 2018, sales of industrial application chips increased by 47% (quarterly increase of 6%) to 7.88281 billion U.S. dollars, accounting for 52% of the company’s overall revenue, and sales of communications chips increased by 34% (quarter increase by 1%) to 2.87870 billion U.S. dollars, accounting for 19% of the company's overall revenue, automotive chip sales increased 28% (quarter-reduction of 6%) to 238,839 million U.S. dollars, revenue accounted for 16%, consumer chip sales decreased by 6 years % (quarter-reduction of 17%) to 1.98683 billion U.S. dollars, and revenue accounted for 13%.

Analog Devices’ main competitors include Infineon Technologies AG, On Semiconductor Corp., NXP, Renesas, STMicroelectronics, and Texas Instruments.

The first quarter of ON Semiconductor's revenue in the first quarter of 2018 was US$1.3776 billion. It is estimated that the revenue for the quarter will be between US$14.05-14.55 billion. For the first quarter of 2018 (as of March 31st), Texas Instruments’ revenue grew 11% to US$3.789 billion. This quarter (April-June) is expected to reach US$3.78-41.0 billion.

Reinhard Ploss, CEO of Infineon, said on May 18th that global demand for power semiconductors is soaring. The major trends supporting demand include climate change, demographic trends, increasing digitalization, electric vehicles, connection and battery-powered equipment, data center and renewable energy generation.