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Mar 31, 2021
Dolby Q2 2021 Earnings Report
Reported financial results for the second quarter of fiscal 2021.
Key Takeaways
Dolby Laboratories reported Q2 fiscal 2021 financial results, with total revenue of $319.6 million compared to $351.8 million for the second quarter of fiscal 2020. GAAP net income was $76.2 million, or $0.73 per diluted share, compared to $88.5 million, or $0.86 per diluted share, for the second quarter of fiscal 2020. On a non-GAAP basis, net income was $94.8 million, or $0.91 per diluted share, compared to $106.6 million, or $1.04 per diluted share for the second quarter of fiscal 2020.
Total revenue was $319.6 million, compared to $351.8 million for the second quarter of fiscal 2020.
GAAP net income was $76.2 million, or $0.73 per diluted share, compared to $88.5 million, or $0.86 per diluted share, for the second quarter of fiscal 2020.
Non-GAAP net income was $94.8 million, or $0.91 per diluted share, compared to $106.6 million, or $1.04 per diluted share for the second quarter of fiscal 2020.
Cash flows from operations was $83.5 million, compared to $65.7 million for the second quarter of fiscal 2020.
Forward Guidance
Dolby is providing estimates for its third quarter and second half of fiscal 2021, but the volume of shipments continues to be impacted and difficult to predict because of economic uncertainty due to COVID-19. The global cinema market has been adversely impacted by COVID-19, and it remains uncertain when and where cinemas will resume operating at full capacity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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