Silicon Laboratories (Nasdaq: SLAB) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Silicon Laboratories met expectations on revenues and met expectations on earnings per share.

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

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

Revenue details
 Silicon Laboratories reported revenue of $141.5 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $143.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.50. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.50 per share. Non-GAAP EPS of $0.50 for Q2 were 2.0% lower than the prior-year quarter's $0.51 per share. GAAP EPS of $0.29 for Q2 were 38% lower than the prior-year quarter's $0.47 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 62.7%, 170 basis points better than the prior-year quarter. Operating margin was 13.4%, 130 basis points better than the prior-year quarter. Net margin was 8.9%, 620 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $152.2 million. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $596.9 million. The average EPS estimate is $2.27.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 349 members out of 377 rating the stock outperform, and 28 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 119 give Silicon Laboratories a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Laboratories is outperform, with an average price target of $48.13.

Is Silicon Laboratories the best semiconductor 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.