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Mar 31, 2023

Dolby Q2 2023 Earnings Report

Dolby's financial results for the second quarter of fiscal 2023 were announced.

Key Takeaways

Dolby Laboratories announced its financial results for the second quarter of fiscal 2023, highlighting the continued expansion of Dolby Atmos and Dolby Vision across various content ecosystems.

Dolby continued to expand Dolby Atmos and Dolby Vision.

Dolby remains focused on long-term growth opportunities.

Dolby is bringing its technology to more ways people experience content.

Dolby announced a cash dividend of $0.27 per share.

Total Revenue
$376M
Previous year: $334M
+12.4%
EPS
$1.26
Previous year: $0.92
+37.0%
Gross Profit
$335M
Previous year: $299M
+12.0%
Cash and Equivalents
$688M
Previous year: $900M
-23.5%
Free Cash Flow
$97M
Previous year: $51.4M
+88.8%
Total Assets
$2.84B
Previous year: $3.06B
-7.4%

Dolby

Dolby

Forward Guidance

Dolby’s financial outlook relies on estimates of royalty-based revenue that take into consideration the macroeconomic effect of certain events, including supply chain constraints, the long-term impact of the COVID-19 pandemic, and consumer demand for electronic products.