Cypress Semiconductor (Nasdaq: CY) reported earnings on Oct. 18. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Cypress Semiconductor met expectations on revenues and met expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
 Cypress Semiconductor logged revenue of $203.0 million. The 18 analysts polled by S&P Capital IQ expected net sales of $204.3 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $264.7 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 $0.20. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS of $0.09 for Q3 were 59% lower than the prior-year quarter's $0.22 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 54.2%, 210 basis points worse than the prior-year quarter. Operating margin was 7.4%, 930 basis points worse than the prior-year quarter. Net margin was 7.1%, 790 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $202.2 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $796.3 million. The average EPS estimate is $0.67.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 995 members out of 1,040 rating the stock outperform, and 45 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 178 give Cypress Semiconductor a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cypress Semiconductor is outperform, with an average price target of $13.68.

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