Freescale Semiconductor (NYSE: FSL) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 28 (Q2), Freescale Semiconductor beat slightly on revenues and beat expectations on earnings per share.

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

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

Revenue details
Freescale Semiconductor logged revenue of $1.04 billion. The 13 analysts polled by S&P Capital IQ predicted a top line of $1.02 billion 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 $0.09. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share. Non-GAAP EPS of $0.09 for Q2 were 29% higher than the prior-year quarter's $0.07 per share. GAAP EPS were -$0.25 for Q2 versus -$0.14 per share for the prior-year quarter.

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 42.5%, 30 basis points worse than the prior-year quarter. Operating margin was 13.0%, 180 basis points better than the prior-year quarter. Net margin was -6.3%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.06 billion. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $4.15 billion. The average EPS estimate is $0.43.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 33 rating the stock outperform, and 14 members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Freescale Semiconductor a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Freescale Semiconductor is outperform, with an average price target of $17.63.

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