Apple (Nasdaq: AAPL) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Apple beat expectations on revenues and crushed expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Apple reported revenue of $39.19 billion. The 41 analysts polled by S&P Capital IQ wanted to see sales of $36.79 billion on the same basis. GAAP reported sales were 59% higher than the prior-year quarter's $24.67 billion.

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

EPS details
EPS came in at $12.30. The 43 earnings estimates compiled by S&P Capital IQ averaged $10.04 per share. GAAP EPS of $12.30 for Q2 were 92% higher than the prior-year quarter's $6.40 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 47.4%, 600 basis points better than the prior-year quarter. Operating margin was 39.3%, 740 basis points better than the prior-year quarter. Net margin was 29.7%, 540 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $37.47 billion. On the bottom line, the average EPS estimate is $9.93.

Next year's average estimate for revenue is $161.01 billion. The average EPS estimate is $44.20.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 25,565 members out of 27,830 rating the stock outperform, and 2,265 members rating it underperform. Among 6,227 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 6,003 give Apple a green thumbs-up, and 224 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apple is outperform, with an average price target of $666.45.

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