Integrated Device Technology (Nasdaq: IDTI) reported earnings on Nov. 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q2), Integrated Device Technology met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted to zero.

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

Revenue details
 Integrated Device Technology notched revenue of $133.4 million. The seven analysts polled by S&P Capital IQ expected a top line of $133.1 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $138.3 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 $0.09. The seven earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.32.

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 55.9%, 210 basis points better than the prior-year quarter. Operating margin was 4.6%, 290 basis points worse than the prior-year quarter. Net margin was -0.1%, 3,390 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $119.0 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $503.9 million. The average EPS estimate is $0.25.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 179 members out of 189 rating the stock outperform, and 10 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Integrated Device Technology a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrated Device Technology is outperform, with an average price target of $7.50.

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