you, doing Jason. Pretty this Thank fun remote. on Okay.
joining we be may you. all and, look and afternoon, this you with for Good Okay. to forward everyone, call thank of course,
income operating year, that of revenues continue the reporting adoption technologies are are and Dolby and last up We today over expand. to
and model financial We our solid. is position have business a strong
pandemic of QX, a growth the affected lot said having has able and the in visibility achieve also the that, in the COVID-XX into economy. And limited uncertainty has This to level and of we the caused were stress near-term.
go give numbers economic my some you that I the as numbers today, the the will things until perspectives and might for include sense So has through commentary a how impacted environment continue on broadly from that recover. ever. through we Later and about this more emerge how on, managing Kevin the as we will are can strong downturn so and situation, COVID-XX talk business as people our how the
let's go through So the numbers.
Second and million $XXX $XXX in of the the activity devices. to QX the of this the of pandemic. to quarter was In and was year. due million consumer the electronic volume QX in $XXX globe last the temporary at quarter, we to related that guidance the $XXX words, around beginning gave the was lower shutdowns of all and purchases lower consumer other million Total revenue of midpoint about and million revenue $XX compared million below of
tied revenues most of services the believe were mainly delta the by and industry, Based in And below we we in million that and serve cinema to analysis, the the on by impacted products the our for licensing which those negatively also that and concentrated $X category, China. midpoint was pandemic pandemic. about our estimated heavily that was about revenue million quarter $XX was
also consumer affect better revenue not going that describe devices devices and for talk now our I'll for you QX, patterns, our understand me but spending part so us by revenue end-market categories, different include of of types of as that Let we can the composition also just in the can about how forward. end-market, and these
category quarter. And licensing about by market revenues the lower Vision the affecting Broadcast because So which about second revenue partially from of in let's were X% Atmos. Dolby year-over-year, and we XX% get that and offset use licensing was represented for which driven TVs Broadcast TVs start by total higher boxes. Broadcast, is up we set-top pandemic, this volume boxes. recoveries adoption of higher the and by is Dolby and also broadly set-top with of
and basis, activity of about to up programs. On by sequential due a was our timing patent Broadcast XX% in higher recoveries
represented of total devices of mobile but licensing. category In laptops. phones Mobile consists and Mobile Our tablets, approximately not QX, XX%
than to as Mobile well up more programs. our over about growth revenue programs. in as year, last up XXX% a primarily XX% was in is of basis, due growth our timing driven by Mobile on sequential a by patent contract And under patent
this is receivers our Fire such and which entertainment category captures audio/video next gear, Electronics your DMAs, broad Blu-ray home of Apple smart and market as speakers, and a TV devices, soundbars range are and type players. TV Consumer
the ones bulk quarter Consumer that the in up yes, Electronics devices of good mentioned in just in technology category. licensing other And second Dolby there About of the our are I but in that consumer was volume this them, category. make XX% have the total
On quarter. pandemic, XX% seasonality the by slightly because latter a on higher offset were was more year-over-year of And in lower CE driven a recoveries the sequential the now basis, volume of CE and as for it’s adoption. by up licensing increased higher basis, part by about volume
revenue XX% which to higher total partially to computers, offset recoveries. represented PC, volumes under due higher Sequentially, recoveries and in mainly the up due XX% from of and about PC desktop year-over-year, about by lower by timing XX% pandemic. of up laptop then second PC was was consists to contract due by higher licensing quarter. about
consoles Dolby Dolby are Other just and includes Our in was licensing. automotive, Dolby Voice included And box licensing. the those licensing services, Rooms-as-a-Service products I hardware office gaming Cinema and revenue not a in Markets from revenue making note, category, and sharing, revenues, last Voice
Cinema, lower other despite revenues were to due recoveries the volume about to saw Dolby lower we XX% that represented Dolby we So the all pandemic year-ago, the in about we markets lower lifecycle QX, have due of and licensing. the as of They automotive, in screens X% by gaming fact Cinema in than total more now revenues from do from down and consoles. was did a year-over-year which lower
sequential lower in basis, was and volume by Markets a Cinema to gaming of the Other due revenue lower lower seasonality, Dolby because and automotive On XX% down about of pandemic because recoveries.
million and $XX move let's products year's to now So last and to QX QX. in on compared $XX million in was revenue, in services $XX million QX which
small the Dolby industry hard has revenue hit to sell particularly equipment see, the overall can you it's this that comes exhibitors. And a been cinema revenue we of As from part relatively of And most pandemic, no the trends and picture. that this cinema QX our the be the so should driven the our it shortfall all against by in further declining outlook cover primarily as by surprise as were section. I'll pandemic, guidance well
higher QX. the basis. me and But margin basis operating expenses minus XX.X% for quarter go a on Products was and gross second Total in gross margin and the basis X.X% over margins on was a second production GAAP on services drop non-GAAP GAAP a first, let XX.X% reflects quarter and services in in the in meant and costs. QX of compared lower products The which volumes, and in QX. to charges low rippled gross lower demand pandemic excess fixed in because recovery into large that usually a margin obsolescence of and XX%
XX.X% X% the in on and QX. non-GAAP reasons basis about the second later a to on. I'll are And services was decrease what for this margin guidance gross products in GAAP gross compared same I And quarter margins. on as talked the the in give
expenses a guided. in on $X basis million second quarter GAAP take compared the than the Operating give the were expenses had QX low-end of in about $XXX to $XXX and million we QX, million that operating or were range less in
expect, expenses the because had tradeshow-related and lower As travel of pandemic. we you might
et activities We by pushed cetera. activities also and out that services were consulting and marketing that some outside impacted that had utilize some were shutdowns,
that On our because home. hand, incrementally higher other employees as bad work some Dolby to the and we other to cost expenses incurred we pandemic, such enable had debt the that expense from of were
$XXX in quarter. million non-GAAP. So the made GAAP million operating And quarter were $XXX.X expenses just comments here first the the basis in about similarly non-GAAP to expenses a apply I compared on to second
XX.X% a XX.X% $XXX in million or of to income compared QX $XXX.X XX.X% revenue QX in Operating basis on of or quarter compared of in income $XXX.X the was basis or million Operating million year. was in revenue non-GAAP the last second or of revenue of year. a million second GAAP XX.X% $XXX.X last of on quarter to revenue
quarter non-GAAP XX% or both quarter on rate The and GAAP GAAP a $X.XX Net million last was share a $XXX million the diluted also effective diluted $XX.X year's on share second last in $X.XX basis a income basis compared $X.XX non-GAAP in income per second or income basis. year. per or And compared to $X.XX diluted net in was share in the share on or QX. to QX $XX.X in QX million of million per diluted per $XXX.X was tax
and GAAP the non-GAAP, by original in is partially lower was below QX then and the to expenses. net revenue, shortfall on income due guidance both our this offset For but operating
$XX we from in cash second second the to little investments. $X with quarter $XX million in quarter, and During quarter. ended generated year's cash last generated a We operations, second about the over which compares in about billion million
with million and ended bought repurchase of shares $XXX common X still about stock available. During stock QX, million we authorization back our quarter of the about
cash a be of dividend to diluted May today record will XXXX. payable XX, $X.XX announced per on shareholders which May also on of We XXXX XX, share,
the the this upcoming discuss let's where simple now is on detail then update quarter. guidance So in you the guidance outlook. give provide I for all Normally a full-year
market much When However, not through the data at of we there a sources. normal variety these for our a revenue look and from about industry external we is projection, projections process developing go days. that's come environment that normal
that also field. specific getting relates the our and from including look at input We information partners, customers to
range pace data in unpredictable. with recover, guidance. things various certainty our it that of will recovery to not accuracy that be. We that also we historical and the customers gather that keep and will consider are what is all we being accustomed Right to difficult happen seasonality. Estimating now to ship the the to to then provide enough what do use market all is at know or We expect with inputs start data that same change. a things shape would degree that customers the of look to and to of reports Industry when we identify reasonably like up And don't their more frequently we are we updated way factor to.
I'll So those our respectively areas the divide and the as discussion and QX products and current into translate about guidance licensing could that talk services how revenue, my I impact revenues. revenue how just and today, environment provide between economic QX could
estimate products our we reopen the majority sold is and screens June less vast to range which So of in right and revenue, QX. in roughly QX. to cases. probably thinking and from XX% $X million least could at the into were That industry, million previously cinema let's we now, are products Most what range services start some later won't with and of services or closed $XX for XX% are cinema until than
Our in cinema embedded are are for have customers their services. and factors and physical don't many access cash products conserving the to outlook sites. These
revenues cinema Now let's that from here's needs down licensing, much QX. past million get little our than we of We could which for roughly and assume I X% in what $XXX XX% less share to mentioned I revenue QX. estimate The won't Dolby Dolby million were Cinema it's revenue in so in that bulk but QX that were and would business. separately, we fair really is in other very previously words, licensing, there out QX have talk box that's don't mentioned the of that office from to cinema why. of expecting Cinema roughly the range just about $XXX XX% that We by closures revenue, break and Dolby be to from the licensing
QX in the our it's devices royalty demand accuracy The most general on revenue where right is with stuff we to for vast revenue. and thing units majority licensing or containing generated shipped. earn predict based electronic most consumer probably from factor in licensing technology the significant our of Broad-based now is our difficult confidence projecting electronic yet
and at of devices looked a PCs industry data phones. like and for We number TVs mobile specific
also broad economic projections. and lot there many And the a in we lot and was quantified our in not wasn't a or specifics We also of uniformity at guidance data are of customers providing landed where their outlook. looked data of
that XX% all revenue in devices So $XX the regards in previously versus contract with in scenario economy it's $XX expectation. previous all QX in QX our the too wins. XX% what if under we've modeling, versus new million assume we And to reduction parts all blended million purchasing that consider would or for across also shifts for to moving the or especially projection, say, mind, a in that we QX say, licensing early that to to down revenue to any shipments within timing consumer you allowed just behavior. where model roughly when translate and And with that impact were you
So let a the QX give what just of me pause outlook. I recap about and quick revenue said
Dolby so and cinema products Cinema were XX% the and could we anticipate we lower First, pandemic expect our significant than before box-office closures, services what be we don't any is XX% from industry experiencing that licensing widespread the hit share. anticipating revenue revenue to
could for $XXX range range and $X while consumer $XXX to on to million to blended services all modeling economy, decline range of licensing categories. assumptions, from and are QX factors million unit million from to $XXX these $XXX in Second, the because million. we products XX% shipments, slowdown $XX the broadly in could XX% total revenue Based of from could million a which broad-based million, across
are At providing outlook this only an for QX. we time,
no We visibility uncertainty QX. of of quarter because and lack not degree and guidance providing of therefore, are for QX, into obviously full-year one the left
So let it QX the the so me over to finish rest of I outlook, turn can with Kevin.
higher be the QX GAAP for and basis one margins point to estimated range to GAAP estimated on XX% gross margin from to than about number. XX% a is Gross non-GAAP is
respect to costs are of and fully fixed revenue margins not and decline revenue in of With that at the sharp covered in area, territory in into fall services gross services because mainly margin levels. anticipated because that the products products will negative lower QX
to It's in probably talk this about easier dollars.
million a outlook the products a QX basis basis, gross services on the minus margin million So gave, services million. and $X from in range products to to minus $X from in revenue range I could and gross million on and GAAP at that margin minus minus range could $X non-GAAP $X
million Operating expenses and GAAP range Other on a on a quarter our GAAP and to XX% basis. to the to the both is from $X is $XXX projected million And from that's range range from $XXX tax million in and $XXX million QX $X are $X from million, XX% to not for to for basis basis. million third to effective $XXX non-GAAP million quarter, a estimated income on $X. rate non-GAAP projected
Based QX of on I a factors a per combination $X.XX the on $X.XX non-GAAP about $X.XX GAAP a from earnings could diluted just estimated $X.XX basis about range reviewed, share to basis. on to from we and
would with so to Kevin. hand to Kevin? that, over And like I it now
