On Oct. 19, Cypress Semiconductor (NYSE:CY) released third-quarter earnings for the period ended Oct. 1.

  • Net sales increased 27.8%, led by a 19.4% increase in SunPower.
  • EPS went along for the ride, climbing 433.3%. However .
  • The numbers below are what the company calls "adjusted GAAP" and exclude stock-based compensation and other charges.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$290

$290

$227

27.8%

Net Profit

--

$28

$4

617.9%

EPS

$0.15

$0.16

$0.03

433.3%

Diluted Shares

--

180

142

26.6%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

43.39%

42.07%

1.32

Operating Margin

8.73%

1.03%

7.70

Net Margin

9.52%

1.69%

7.83

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$708

$210

237.5%

Accounts Rec.

$180

$138

30.6%

Inventory

$109

$77

40.8%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$115

$68

68.9%

Long-Term Debt

$599

$600

(0.2%)



Learn the ways of the balance sheet.

Cash Flow Highlights
Cypress Semiconductor should receive an electrical shock for not including a cash flow statement.

Find out why Fools always follow the money.

Related companies:

  • Integrated Devices (NYSE:IDTI)
  • Emulex (NYSE:ELX)
  • Atmel (Nsadaq: AMTL)

Related Foolishness:

Get your portfolio up to speed with a free, 30-day trial to any of our investing newsletter services.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean.This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.