Avago Technologies (Nasdaq: AVGO) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 29 (Q2), Avago Technologies met expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share didn't change.

Margins dropped across the board.

Revenue details
Avago Technologies recorded revenue of $577.0 million. The 12 analysts polled by S&P Capital IQ foresaw a top line of $577.8 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $560.0 million.

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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 $0.66. The eight earnings estimates compiled by S&P Capital IQ predicted $0.64 per share. GAAP EPS of $0.54 were the same as 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 50.8%, 80 basis points worse than the prior-year quarter. Operating margin was 24.1%, 70 basis points worse than the prior-year quarter. Net margin was 23.2%, 90 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $605.1 million. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $2.39 billion. The average EPS estimate is $2.68.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 87 members out of 92 rating the stock outperform, and five members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Avago Technologies a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avago Technologies is outperform, with an average price target of $41.00.

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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. 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.