Micron Technology (Nasdaq: MU) reported earnings on Dec. 20. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Nov. 29 (Q1), Micron Technology missed estimates on revenues and missed expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
 Micron Technology booked revenue of $1.83 billion. The 27 analysts polled by S&P Capital IQ wanted to see a top line of $2.01 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $2.09 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 -$0.27. The 27 earnings estimates compiled by S&P Capital IQ forecast -$0.20 per share. GAAP EPS were -$0.27 for Q1 against -$0.19 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 11.8%, 280 basis points worse than the prior-year quarter. Operating margin was -8.6%, 530 basis points worse than the prior-year quarter. Net margin was -15.0%, 610 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $2.04 billion. On the bottom line, the average EPS estimate is -$0.11.

Next year's average estimate for revenue is $8.63 billion. The average EPS estimate is -$0.29.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,154 members out of 1,279 rating the stock outperform, and 125 members rating it underperform. Among 215 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Micron Technology a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micron Technology is outperform, with an average price target of $8.91.

Is Micron Technology 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.