Cypress Semiconductor (Nasdaq: CY) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Cypress Semiconductor beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased, and GAAP earnings per share expanded significantly.

Gross margins shrank, operating margins shrank, net margins expanded.

Revenue details
Cypress Semiconductor tallied revenue of $242.4 million. The 16 analysts polled by S&P Capital IQ predicted a top line of $236.7 million. Sales were 10% higher than the prior-year quarter's $220.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.32. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.29 per share on the same basis. GAAP EPS of $0.22 for Q4 were 246% higher than the prior-year quarter's $0.05 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.6%, 520 basis points worse than the prior-year quarter. Operating margin was 10.9%, 240 basis points worse than the prior-year quarter. Net margin was 12.8%, 890 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $206.1 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $954.0 million. The average EPS estimate is $1.19.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,021 members out of 1,055 rating the stock outperform, and 34 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 279 give Cypress Semiconductor a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cypress Semiconductor is outperform, with an average price target of $20.47.

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