Dolby Labs Q2 FY23 revenue $376M, GAAP EPS $0.98, non-GAAP EPS $1.26; declares $0.27 dividend

Dolby Laboratories, Inc.

2023-Q2 EPS reported $1.80 revenue$710,812,000

Revenue $375.9M (+12% YoY); GAAP net income $95.7M ($0.98 EPS) vs $36.7M ($0.36) last year.
Non-GAAP net income $122.6M ($1.26 EPS) vs $94.0M ($0.92) prior year; cash from ops $104.5M.
Declared cash dividend $0.27/share payable May 23 to holders May 16; repurchased 0.6M shares.
Business highlights: Sonos Era 300 with Dolby Atmos; Guangzhou Auto AION Hyper GT; OPPO/Xiaomi Dolby Vision phones; Weibo adds Dolby.
Financial outlook cites macro uncertainty (inflation, rates, geopolitics) reducing visibility; no numerical guidance given.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dolby Laboratories, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $375.9 million, net income $95.7 million, EPS $0.98 per diluted share.

Period: the fiscal quarter ended March 31, 2023
Revenue: $375.9 million
Net income: $95.7 million
EPS: $0.98 per diluted share
Result: reported results

Exact text from the filing

Total revenue was $375.9 million, compared to $334.4 million for the second quarter of fiscal 2022. GAAP net income was $95.7 million, or $0.98 per diluted share, compared to GAAP net income of $36.7 million, or $0.36 per diluted share, for the second quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0001171843-23-002894

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