EMC (NYSE: EMC) reported earnings on July 24. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins grew, net margins increased.

Revenue details
 EMC tallied revenue of $5.61 billion. The 34 analysts polled by S&P Capital IQ expected net sales of $5.61 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $5.31 billion.

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 $0.42. The 38 earnings estimates compiled by S&P Capital IQ predicted $0.42 per share. Non-GAAP EPS of $0.42 for Q2 were 7.7% higher than the prior-year quarter's $0.39 per share. GAAP EPS of $0.32 for Q2 were 10% higher than the prior-year quarter's $0.29 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 62.5%, 10 basis points worse than the prior-year quarter. Operating margin was 18.3%, 40 basis points better than the prior-year quarter. Net margin was 12.5%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $5.79 billion. On the bottom line, the average EPS estimate is $0.46.

Next year's average estimate for revenue is $23.42 billion. The average EPS estimate is $1.86.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,726 members out of 3,861 rating the stock outperform, and 135 members rating it underperform. Among 721 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 703 give EMC a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EMC is outperform, with an average price target of $29.22.

Is EMC the best tech stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.