Texas Instruments (Nasdaq: TXN) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Texas Instruments beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly, and earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Texas Instruments reported revenue of $3.4 billion. The 37 analysts polled by S&P Capital IQ predicted net sales of $3.3 billion. Sales were 3.0% lower than the prior-year quarter's $3.5 billion

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.53. The 27 earnings estimates compiled by S&P Capital IQ averaged $0.39 per share on the same basis. GAAP EPS of $0.25 for Q4 were 68% lower than the prior-year quarter's $0.78 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 45.3%, 770 basis points worse than the prior-year quarter. Operating margin was 18.4%, 1,250 basis points worse than the prior-year quarter. Net margin was 8.7%, 1,800 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.2 billion. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $13.9 billion. The average EPS estimate is $2.07.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,544 members out of 1,661 rating the stock outperform, and 117 members rating it underperform. Among 448 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 430 give Texas Instruments 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 Texas Instruments is outperform, with an average price target of $32.27.

New mobile devices are changing the game, and potential profitability, at many semiconductor companies. Some will fail, some will tread water, and those in the right devices will shine. Where does Texas Instruments fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Texas Instruments. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.