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

Dolby Q1 revenue falls to $315.6 million; GAAP EPS $0.69 vs $0.82 a year earlier

Negative Impact 3 of 5 earnings Written later

Dolby Laboratories reported first-quarter fiscal 2024 results for the quarter ended December 29, 2023, with total revenue of $315.6 million, down from $334.9 million a year earlier, and GAAP diluted earnings per share of $0.69, down from $0.82. The company also declared a $0.30 per share cash dividend and gave second-quarter revenue guidance of $345 million to $375 million.

Key points

  • Total revenue was $315.6 million vs. $334.9 million in the prior-year quarter.
  • GAAP net income was $67.0 million, or $0.69 per diluted share, vs. $79.4 million, or $0.82, a year earlier.
  • Non-GAAP diluted EPS was $1.01 vs. $1.11 a year earlier; the company repurchased 968 thousand shares.
  • Cash dividend of $0.30 per share is payable February 22, 2024, to holders of record on February 13, 2024.

The filing

CompanyDolby (DLB)
Form8-K, current report
Filed with the SECFeb 1, 2024, 4:15 PM ET
Accession number0001193125-24-021860

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 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 February 01, 2024.

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.