Marvell Technology Group (Nasdaq: MRVL) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 4 (Q1), Marvell Technology Group beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins expanded, operating margins contracted, net margins dropped.

Revenue details
 Marvell Technology Group logged revenue of $734.4 million. The 29 analysts polled by S&P Capital IQ anticipated revenue of $721.6 million on the same basis. GAAP reported sales were 7.8% lower than the prior-year quarter's $796.4 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 $0.19. The 29 earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. Non-GAAP EPS of $0.19 for Q1 were 17% lower than the prior-year quarter's $0.23 per share. GAAP EPS of $0.11 for Q1 were 31% lower than the prior-year quarter's $0.16 per share.

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 54.3%, 30 basis points better than the prior-year quarter. Operating margin was 5.8%, 600 basis points worse than the prior-year quarter. Net margin was 7.2%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $787.5 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $3.20 billion. The average EPS estimate is $0.83.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,383 members out of 1,464 rating the stock outperform, and 81 members rating it underperform. Among 301 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 284 give Marvell Technology Group a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marvell Technology Group is hold, with an average price target of $10.62.

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