The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Silicon Image 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 increased significantly.
Margins expanded across the board.
Silicon Image chalked up revenue of $73.9 million. The six analysts polled by S&P Capital IQ anticipated sales of $74.0 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $59.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The five earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS of $0.08 for Q3 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.3%, 50 basis points better than the prior-year quarter. Operating margin was 13.4%, 1,100 basis points better than the prior-year quarter. Net margin was 9.5%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $71.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $264.3 million. The average EPS estimate is $0.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 692 members out of 726 rating the stock outperform, and 34 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Silicon Image a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Image is outperform, with an average price target of $7.75.
Is Silicon Image 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.
- Add Silicon Image to My Watchlist.