secwatch.observer — SEC 8-K summary
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Issuer:     Dolby Laboratories, Inc. (DLB)
CIK:        0001308547
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001171843-22-005534
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dolby Q3 revenue $289.6M (+1% YoY); GAAP EPS $0.39; authorizes $350M buyback increase
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- Revenue $289.6M vs $286.8M YoY; GAAP net income $39.6M ($0.39 diluted EPS) down from $54.6M ($0.52 EPS) in Q3 2021.
- Non-GAAP net income $68.7M ($0.68 diluted EPS) vs $74.8M ($0.71) in prior year; cash from ops $172.6M.
- Board increased share repurchase authorization by $350M to ~$581M available; declared $0.25/share dividend payable Aug 31, 2022.
- Business highlights: Xiaomi 12S series first Android with Dolby Vision capture; Dolby Atmos Music on Tencent QQ Music in China and Melon in South Korea.
- Macro uncertainties cited: COVID-19, supply chain, geopolitical instability, inflation reducing forward visibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1308547/000117184322005534/0001171843-22-005534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1308547/000117184322005534/f8k_080922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005534

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer