Applied Micro Circuits (Nasdaq: AMCC) reported earnings on Oct. 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q2), Applied Micro Circuits beat expectations on revenues and met expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
 Applied Micro Circuits reported revenue of $46.3 million. The seven analysts polled by S&P Capital IQ looked for net sales of $45.3 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $64.9 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 -$0.16. The six earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. GAAP EPS were -$0.33 for Q2 versus -$0.02 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 55.6%, 170 basis points worse than the prior-year quarter. Operating margin was -49.1%, 4,230 basis points worse than the prior-year quarter. Net margin was -46.5%, 4,470 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $50.5 million. On the bottom line, the average EPS estimate is -$0.12.

Next year's average estimate for revenue is $193.8 million. The average EPS estimate is -$0.53.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 121 members out of 155 rating the stock outperform, and 34 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Applied Micro Circuits a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Applied Micro Circuits is outperform, with an average price target of $8.61.

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