Alliance Fiber Optic Products (Nasdaq: AFOP) reported earnings on July 23. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
 Alliance Fiber Optic Products recorded revenue of $19.0 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $19.1 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $11.5 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 $0.51. The one earnings estimate compiled by S&P Capital IQ predicted $0.47 per share. Non-GAAP EPS of $0.51 for Q2 were 219% higher than the prior-year quarter's $0.16 per share. GAAP EPS of $0.47 for Q2 were 236% higher than the prior-year quarter's $0.14 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 38.2%, 430 basis points better than the prior-year quarter. Operating margin was 23.3%, much better than the prior-year quarter. Net margin was 22.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $19.1 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $69.0 million. The average EPS estimate is $1.65.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 115 members out of 128 rating the stock outperform, and 13 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Alliance Fiber Optic Products 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 Alliance Fiber Optic Products is hold, with an average price target of $25.00.

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