Silicom (Nasdaq: SILC) reported earnings on July 22. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Silicom beat expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Silicom logged revenue of $15.7 million. The two analysts polled by S&P Capital IQ expected revenue of $15.3 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $10.4 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 $0.48. The two earnings estimates compiled by S&P Capital IQ anticipated $0.39 per share. Non-GAAP EPS of $0.48 for Q2 were 41% higher than the prior-year quarter's $0.34 per share. GAAP EPS of $0.45 for Q2 were 36% higher than the prior-year quarter's $0.33 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 40.1%, 240 basis points worse than the prior-year quarter. Operating margin was 22.1%, 40 basis points better than the prior-year quarter. Net margin was 20.9%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $16.5 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $64.8 million. The average EPS estimate is $1.79.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 118 members out of 120 rating the stock outperform, and two members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Silicom a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicom is buy, with an average price target of $32.00.

Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Silicom fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.