Silicon Laboratories (Nasdaq: SLAB) reported earnings on Oct. 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Silicon Laboratories beat 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.

Gross margins contracted, operating margins grew, net margins dropped.

Revenue details
Silicon Laboratories recorded revenue of $149.5 million. The 12 analysts polled by S&P Capital IQ anticipated a top line of $142.7 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $119.1 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 $0.61. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.52 per share. GAAP EPS of $0.24 for Q3 were 7.7% lower than the prior-year quarter's $0.26 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 57.9%, 330 basis points worse than the prior-year quarter. Operating margin was 18.2%, 650 basis points better than the prior-year quarter. Net margin was 6.7%, 280 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $146.9 million. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $558.8 million. The average EPS estimate is $2.13.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 353 members out of 379 rating the stock outperform, and 26 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Silicon Laboratories a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Laboratories is outperform, with an average price target of $42.70.

Is Silicon Laboratories the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.