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Mar 31, 2020
Dolby Q2 2020 Earnings Report
Reported second quarter fiscal 2020 financial results.
Key Takeaways
Dolby Laboratories reported total revenue of $351.8 million for the second quarter of fiscal 2020, compared to $338.3 million for the second quarter of fiscal 2019. Second quarter GAAP net income was $88.5 million, or $0.86 per diluted share, compared to GAAP net income of $73.4 million, or $0.70 per diluted share for the second quarter of fiscal 2019.
Total revenue was $351.8 million, compared to $338.3 million for the second quarter of fiscal 2019.
GAAP net income was $88.5 million, or $0.86 per diluted share, compared to GAAP net income of $73.4 million, or $0.70 per diluted share for the second quarter of fiscal 2019.
Non-GAAP net income was $106.6 million, or $1.04 per diluted share, compared to non-GAAP net income of $109.0 million, or $1.04 per diluted share for the second quarter of fiscal 2019.
Second quarter cash flows from operations was $65.7 million, compared to $48.9 million for the second quarter of fiscal 2019.
Forward Guidance
Dolby is providing third quarter fiscal 2020 estimates that incorporate certain assumptions about the potential impact of COVID-19, based upon a consideration of external and internal data and information. They are unable to provide an estimate for their fourth quarter fiscal 2020 because of a lack of visibility. Therefore, their full year financial outlook as previously stated in their first quarter fiscal 2020 earnings release and related conference call is withdrawn.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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