Cirrus Logic (Nasdaq: CRUS) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Cirrus Logic met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Cirrus Logic notched revenue of $122.4 million. The five analysts polled by S&P Capital IQ expected net sales of $122.0 million. Sales were 28% higher than the prior-year quarter's $95.6 million.

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

EPS details
Non-GAAP EPS came in at $0.43. The five earnings estimates compiled by S&P Capital IQ anticipated $0.42 per share on the same basis. GAAP EPS of $0.25 for Q3 were 26% lower than the prior-year quarter's $0.34 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 54.0%, 90 basis points worse than the prior-year quarter. Operating margin was 21.6%, 210 basis points worse than the prior-year quarter. Net margin was 13.7%, 1,200 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $103.9 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $415.5 million. The average EPS estimate is $1.25.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 612 members out of 636 rating the stock outperform, and 24 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Cirrus Logic a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cirrus Logic is outperform, with an average price target of $25.

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