Integrated Device Technology (Nasdaq: IDTI) reported earnings on April 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), Integrated Device Technology beat slightly on revenues and met expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Integrated Device Technology reported revenue of $108.5 million. The five analysts polled by S&P Capital IQ looked for a top line of $107.1 million on the same basis. GAAP reported sales were 8.9% lower than the prior-year quarter's $119.1 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 five earnings estimates compiled by S&P Capital IQ averaged $0.01 per share. Non-GAAP EPS of $0.01 for Q4 were 80% lower than the prior-year quarter's $0.05 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.) GAAP EPS were -$0.07 for Q4 compared to $0.09 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 54.8%, 240 basis points worse than the prior-year quarter. Operating margin was -14.1%, much worse than the prior-year quarter. Net margin was -9.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $115.2 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $494.9 million. The average EPS estimate is $0.31.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 175 members out of 186 rating the stock outperform, and 11 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Integrated Device Technology a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrated Device Technology is outperform, with an average price target of $8.86.

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