Mellanox Technologies (Nasdaq: MLNX) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Mellanox Technologies beat expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Mellanox Technologies reported revenue of $98.2 million. The 16 analysts polled by S&P Capital IQ predicted revenue of $95.3 million on the same basis. GAAP reported sales were 26% lower than the prior-year quarter's $133.5 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 $0.30. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.30 for Q2 were 70% lower than the prior-year quarter's $0.99 per share. GAAP EPS were -$0.04 for Q2 against $0.74 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 67.2%, 160 basis points worse than the prior-year quarter. Operating margin was 0.3%, much worse than the prior-year quarter. Net margin was -1.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $111.7 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $417.4 million. The average EPS estimate is $1.30.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 187 members out of 210 rating the stock outperform, and 23 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Mellanox Technologies a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mellanox Technologies is hold, with an average price target of $58.92.

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