Inphi (NYSE: IPHI) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Inphi met expectations on revenues and missed expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Inphi reported revenue of $20.2 million. The six analysts polled by S&P Capital IQ hoped for revenue of $20.2 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $21.5 million.

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 -$0.05. The five earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share. GAAP EPS were -$0.05 for Q1 against $0.08 per share for the prior-year quarter.

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 63.2%, 240 basis points worse than the prior-year quarter. Operating margin was -14.9%, 2,940 basis points worse than the prior-year quarter. Net margin was -7.5%, 1,870 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $22.6 million. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $96.2 million. The average EPS estimate is -$0.10.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 27 members out of 28 rating the stock outperform, and one members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Inphi a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inphi is hold, with an average price target of $16.70.

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