Flextronics International (Nasdaq: FLEX) reported earnings on Oct. 18. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 28 (Q2), Flextronics International beat slightly on revenues and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
 Flextronics International reported revenue of $6.17 billion. The 11 analysts polled by S&P Capital IQ expected to see net sales of $6.10 billion on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $8.04 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 $0.26. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.23 per share. GAAP EPS of $0.23 for Q2 were 28% higher than the prior-year quarter's $0.18 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 5.9%, 120 basis points better than the prior-year quarter. Operating margin was 2.7%, 90 basis points better than the prior-year quarter. Net margin was 2.4%, 80 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $6.23 billion. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $24.41 billion. The average EPS estimate is $0.94.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 594 members out of 626 rating the stock outperform, and 32 members rating it underperform. Among 145 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 138 give Flextronics International a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is outperform, with an average price target of $8.24.