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AI brief of an SEC Form 8-K · Dolby (DLB)

Dolby Q4 revenue rises to $290.6 million, but GAAP EPS falls to $0.09 from $0.28

Mixed Impact 3 of 5 earnings Written later

Dolby reported fiscal fourth-quarter 2023 revenue of $290.6 million, up from $278.2 million a year earlier, but GAAP diluted earnings per share fell to $0.09 from $0.28 after a restructuring charge of about $30 million. The company also gave first-quarter and full-year fiscal 2024 estimates, with full-year revenue expected to be about $1.30 billion and GAAP diluted EPS of $2.30 to $2.45, and declared a $0.30 per share cash dividend.

Key points

  • Q4 fiscal 2023 revenue $290.6 million vs $278.2 million; GAAP diluted EPS $0.09 vs $0.28; non-GAAP diluted EPS $0.65 vs $0.54
  • Restructuring charge of about $30 million in Q4, including about $13 million severance and about $17 million software impairment
  • Fiscal 2024 outlook: total revenue about $1.30 billion; GAAP diluted EPS $2.30 to $2.45; non-GAAP diluted EPS $3.60 to $3.75
  • Cash dividend of $0.30 per share payable December 5, 2023, to holders of record on November 28, 2023

The filing

CompanyDolby (DLB)
Form8-K, current report
Filed with the SECNov 16, 2023, 4:17 PM ET
Accession number0001193125-23-278816

Items reported: 2.02 Results of Operations5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 16, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.