Micron Technology (Nasdaq: MU) reported earnings on June 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 30 (Q3), Micron Technology beat expectations on revenues and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Micron Technology tallied revenue of $2.32 billion. The 26 analysts polled by S&P Capital IQ expected a top line of $2.25 billion on the same basis. GAAP reported sales were 6.7% higher than the prior-year quarter's $2.17 billion.

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 24 earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. Non-GAAP EPS were $0.09 for Q3 versus -$0.32 per share for the prior-year quarter. GAAP EPS were $0.04 for Q3 versus -$0.32 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 24.0%, much better than the prior-year quarter. Operating margin was 8.8%, much better than the prior-year quarter. Net margin was 1.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.51 billion. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $8.74 billion. The average EPS estimate is -$0.20.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,138 members out of 1,272 rating the stock outperform, and 134 members rating it underperform. Among 218 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give Micron Technology a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micron Technology is outperform, with an average price target of $11.44.

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