Garmin (Nasdaq: GRMN) reported earnings Wednesday. Here are the numbers you need to know.

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

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

Margins improved across the board.

Revenue details
Garmin reported revenue of $718.2 million. The 11 analysts polled by S&P Capital IQ expected to see revenue of $686.5 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $674.1 million.

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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 $0.98. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.66 per share. GAAP EPS of $0.95 for Q2 were 70% higher than the prior-year quarter's $0.56 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 58.7%, 1,090 basis points better than the prior-year quarter. Operating margin was 28.4%, 890 basis points better than the prior-year quarter. Net margin was 25.9%, 970 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $666.5 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $2.80 billion. The average EPS estimate is $2.80.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,354 members rating the stock outperform and 437 members rating it underperform. Among 1,063 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 956 give Garmin a green thumbs-up, and 107 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Garmin is hold, with an average price target of $49.23.

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