Volterra Semiconductor Beats on Both Top and Bottom Lines
Volterra Semiconductor (NAS: VLTR) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Volterra Semiconductor beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.
Gross margins contracted, operating margins improved, net margins grew.
Volterra Semiconductor booked revenue of $42.1 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $40.2 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $34.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.32. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.27 per share on the same basis. GAAP EPS of $0.23 for Q1 were 130% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.5%, 10 basis points worse than the prior-year quarter. Operating margin was 16.3%, 460 basis points better than the prior-year quarter. Net margin was 14.7%, 690 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $43.9 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $184.1 million. The average EPS estimate is $1.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 96 members out of 112 rating the stock outperform, and 16 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Volterra Semiconductor a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Volterra Semiconductor is outperform, with an average price target of $34.40.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.