M/A-Com Technology Solutions Holdings (Nasdaq: MTSI) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 28 (Q3), M/A-Com Technology Solutions Holdings beat expectations on revenues and beat expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
 M/A-Com Technology Solutions Holdings booked revenue of $82.2 million. The eight analysts polled by S&P Capital IQ predicted revenue of $80.1 million on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $77.1 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 $0.24. The eight earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. Non-GAAP EPS of $0.24 for Q3 were 4.0% lower than the prior-year quarter's $0.25 per share. GAAP EPS of $0.20 for Q3 were 31% lower 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 44.1%, 180 basis points worse than the prior-year quarter. Operating margin was 14.8%, 530 basis points worse than the prior-year quarter. Net margin was 11.4%, 620 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $83.4 million. On the bottom line, the average EPS estimate is $0.25.

Next year's average estimate for revenue is $316.3 million. The average EPS estimate is $0.92.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on M/A-Com Technology Solutions Holdings is outperform, with an average price target of $17.63.

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