Dolby Q2 revenue falls to $364.5 million; GAAP EPS rises to $1.01
Dolby reported fiscal second-quarter 2024 revenue of $364.5 million, down from $375.9 million a year earlier, while GAAP net income rose to $97.8 million, or $1.01 per diluted share, from $0.98. The company also declared a $0.30 per share cash dividend and gave third-quarter revenue guidance of $270 million to $300 million, with full-year fiscal 2024 revenue expected to be roughly $1.30 billion.
Key points
- Q2 fiscal 2024 total revenue was $364.5 million, versus $375.9 million in Q2 fiscal 2023.
- GAAP net income was $97.8 million, or $1.01 per diluted share, versus $0.98 a year earlier; non-GAAP diluted EPS was $1.27 versus $1.26.
- Q3 fiscal 2024 total revenue is estimated at $270 million to $300 million; GAAP diluted EPS at $0.21 to $0.36.
- Cash dividend of $0.30 per share is payable May 22, 2024, to holders of record on May 14, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 May 02, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.