Microsemi (Nasdaq: MSCC) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q2), Microsemi met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Microsemi reported revenue of $235.3 million. The 10 analysts polled by S&P Capital IQ expected to see revenue of $233.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $249.3 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 $0.43. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.40 per share. Non-GAAP EPS of $0.43 for Q2 were 6.5% lower than the prior-year quarter's $0.46 per share. GAAP EPS were -$0.03 for Q2 against -$0.06 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 56.7%, 250 basis points better than the prior-year quarter. Operating margin was 7.7%, 170 basis points better than the prior-year quarter. Net margin was -1.2%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $242.5 million. On the bottom line, the average EPS estimate is $0.46.

Next year's average estimate for revenue is $977.1 million. The average EPS estimate is $1.90.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 95 members out of 105 rating the stock outperform, and 10 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Microsemi a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Microsemi is outperform, with an average price target of $25.33.

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