Micrel (Nasdaq: MCRL) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Micrel missed estimates on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Micrel notched revenue of $63.7 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $65.4 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $68.5 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 $0.12. The two earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS of $0.10 for Q2 were 41% lower than the prior-year quarter's $0.17 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 55.2%, 310 basis points worse than the prior-year quarter. Operating margin was 14.2%, 920 basis points worse than the prior-year quarter. Net margin was 9.5%, 610 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $68.7 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $267.7 million. The average EPS estimate is $0.51.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 119 rating the stock outperform, and six members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Micrel a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micrel is outperform, with an average price target of $17.00.

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