PMC-Sierra (Nasdaq: PMCS) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), PMC-Sierra missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share grew. GAAP loss per share shrank.

Margins increased across the board.

Revenue details
 PMC-Sierra tallied revenue of $125.2 million. The eight analysts polled by S&P Capital IQ hoped for revenue of $127.8 million on the same basis. GAAP reported sales were 5.2% lower than the prior-year quarter's $132.1 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 $0.07. The eight earnings estimates compiled by S&P Capital IQ forecast $0.08 per share. Non-GAAP EPS of $0.07 for Q1 were 17% higher than the prior-year quarter's $0.06 per share. GAAP EPS were -$0.03 for Q1 compared to -$0.41 per share for 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 70.2%, 120 basis points better than the prior-year quarter. Operating margin was -4.7%, 150 basis points better than the prior-year quarter. Net margin was -5.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $131.8 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $542.2 million. The average EPS estimate is $0.39.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 212 members out of 231 rating the stock outperform, and 19 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give PMC-Sierra 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 PMC-Sierra is hold, with an average price target of $6.15.

Is PMC-Sierra 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.