Fairchild Semiconductor International (NYSE: FCS) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 1 (Q1), Fairchild Semiconductor International met expectations on revenues and beat expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
 Fairchild Semiconductor International reported revenue of $352.2 million. The 13 analysts polled by S&P Capital IQ foresaw a top line of $355.8 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $413.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Non-GAAP EPS came in at $0.06. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share on the same basis. GAAP EPS of $0.01 for Q1 were 97% lower than the prior-year quarter's $0.33 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 29.8%, 710 basis points worse than the prior-year quarter. Operating margin was 1.5%, 1,170 basis points worse than the prior-year quarter. Net margin was 0.5%, 1,000 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $360.0 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $0.73.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fairchild Semiconductor International is outperform, with an average price target of $15.92.

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