FormFactor (Nasdaq: FORM) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), FormFactor beat expectations on revenues and exceeded expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
 FormFactor notched revenue of $62.7 million. The four analysts polled by S&P Capital IQ expected to see sales of $60.8 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $54.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at -$0.01. The four earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. Non-GAAP EPS of -$0.01 were the same as the prior-year quarter. GAAP EPS were -$0.16 for Q2 versus -$0.08 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 26.2%, 330 basis points worse than the prior-year quarter. Operating margin was -12.7%, 120 basis points worse than the prior-year quarter. Net margin was -13.4%, 570 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $69.6 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $249.3 million. The average EPS estimate is -$0.08.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,325 members out of 1,362 rating the stock outperform, and 37 members rating it underperform. Among 395 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 386 give FormFactor a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FormFactor is outperform, with an average price target of $7.55.

Is FormFactor your best play in technology? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.