Dolby Q3 2020 Earnings Report

Dolby's financial results for the third quarter of fiscal 2020 were announced.

Key Takeaways

Dolby Laboratories reported total revenue of $246.9 million for the third quarter of fiscal 2020, compared to $302.2 million for the third quarter of fiscal 2019. GAAP net income was $67.3 million, or $0.66 per diluted share, compared to GAAP net income of $39.6 million, or $0.38 per diluted share for the third quarter of fiscal 2019.

Total revenue for the third quarter was $246.9 million, compared to $302.2 million for the third quarter of fiscal 2019.

GAAP net income for the third quarter was $67.3 million, or $0.66 per diluted share, compared to $39.6 million, or $0.38 per diluted share for the third quarter of fiscal 2019.

Non-GAAP net income for the third quarter was $87.5 million, or $0.86 per diluted share, compared to $79.3 million, or $0.76 per diluted share for the third quarter of fiscal 2019.

Cash flow from operations for the third quarter was $134.3 million, compared to $91.4 million for the third quarter of fiscal 2019.