Microsemi (Nasdaq: MSCC) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q3), Microsemi met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Microsemi logged revenue of $242.6 million. The nine analysts polled by S&P Capital IQ looked for sales of $242.3 million on the same basis. GAAP reported sales were 6.4% lower than the prior-year quarter's $259.2 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 $0.49. The eight earnings estimates compiled by S&P Capital IQ averaged $0.47 per share. Non-GAAP EPS of $0.49 for Q3 were 11% lower than the prior-year quarter's $0.55 per share. GAAP EPS of $0.20 for Q3 were 122% higher than the prior-year quarter's $0.09 per share.

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 57.0%, 120 basis points better than the prior-year quarter. Operating margin was 10.8%, 340 basis points better than the prior-year quarter. Net margin was 7.5%, 440 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $250.9 million. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $975.6 million. The average EPS estimate is $1.95.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 93 members out of 104 rating the stock outperform, and 11 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Microsemi a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Microsemi is buy, with an average price target of $25.33.

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