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

The 10-second takeaway
 For the quarter ended Sep. 29 (Q3), Lattice Semiconductor met expectations on revenues and met expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Lattice Semiconductor reported revenue of $70.9 million. The five analysts polled by S&P Capital IQ expected revenue of $70.8 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $81.7 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 $0.01. The four earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.02 for Q3 versus $0.11 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 54.4%, 420 basis points worse than the prior-year quarter. Operating margin was 0.5%, 1,670 basis points worse than the prior-year quarter. Net margin was -3.1%, 1,940 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $73.8 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $287.1 million. The average EPS estimate is $0.00.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 126 members out of 142 rating the stock outperform, and 16 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Lattice Semiconductor a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lattice Semiconductor is outperform, with an average price target of $5.50.

Is Lattice Semiconductor the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.