earnings
confidence high
sentiment negative
materiality 0.70
Dolby Q3 revenue $305M, down 3.5% YoY; GAAP EPS $0.30 vs $0.48; non-GAAP EPS $0.69 vs $0.78
Dolby Laboratories, Inc.
- Revenue $305M, down from $316M YoY; GAAP net income $29M ($0.30 diluted EPS) vs $46M ($0.48).
- Non-GAAP net income $65M ($0.69 diluted EPS) vs $76M ($0.78) in prior year.
- Board approved $350M increase in share repurchase authorization, total available ~$427M.
- Cash dividend declared $0.36 per share, payable Aug 19, record Aug 11.
- Business highlights: FIFA World Cup in Dolby Atmos/Vision; Dolby Vision 2 with Hisense, TCL, Philips; Meta joined VDP program.