us the thanks on to today. call everyone and joining Kevin, Thanks,
some hit like detail, highlights. Before quarter we I'd the review to in the
First, earnings midpoint QX out range. came the the revenues QX the for above were in also laid the of range and in midpoint of just we profitability the call, above
we our and for uncertain while long-term guidance as the good feel third, growth And unchanged. dynamic, said environment before, remains have prospects. Second, year our remains about the I
year-over-year. proposition the was ago you mid-quarter the million, financials on guidance was Our $XX million, but above last call. and Products revenue million services down remains was revenue solid.
QX down are X% strong compared of we $XXX shared X% value to the quarter, earnings and $XXX up year-over-year. our Licensing year revenue with X%
outlook out end last but by Detailed quarter's market performance the is point is on like Our from licensing full to IR some market call. noteworthy our I'd end website, details. for year unchanged
growing quarter, commitments recoveries, volatility of As timing. a and And biggest Mobile drive true-ups to although quarter, snapback mobile the we slightly volume may broadcast still quarters. that saw sequentially, due is This, minimum can the full notice is the about XXX% in the again, we is expect just for to year.
Similarly, down from reminder, the timing. quarter. standout a this in be down timing you mobile nice between year-over-year primarily XX%
As to we we expect full for down said year. slightly have broadcast the be before,
solid expect extent, in a in a mobile increase This increase gaming. to growth slight consumer We slight declines be offset in lesser and to by electronics, and will auto broadcast, continue PC.
comps tough size this deals. While due revenue in Dolby we timing Vision and the declines are of year, in see markets of growth overall primarily to Dolby in these terms the the and Atmos
QX, the In Moving earned to and stronger line. share above on our revenue, we primarily due midpoint we operating of to generated and diluted lower guidance, $X.XX $XXX a income higher the nonoperating in taxes million cash per flow. non-GAAP bottom basis,
year on quarter a under of We and XX% have million a declared plan $X we with ago worth the repurchase repurchased from common $XX just and ended dividend million $XXX on, stock and of our Moving about investments cash our remaining up $X.XX authorization. billion. dividend
guidance There in is Turning material guidance. our environment. no market, and macroeconomic uncertainty assumes the in change to still the
shipments technology of distributed engagement growth and steady deals Dolby our and from device the vary. see to remain soft continue and we While content of timing created can partners, strong in
million. For XX% and $XXX to from million. $XXX a estimated revenue licensing Within to should be on $XXX Gross $XXX non-GAAP QX approximately that, we million year basis. 'XX, margin range fiscal is between expect million revenue
expenses million. We operating $XXX expect and between non-GAAP $XXX to million be
XX% projected effective is tax to basis. QX rate for a on around non-GAAP be Our
and So should between share. as that non-GAAP diluted $X.XX be we per EPS estimate $X.XX result, a
Moving year, Coming the half half towards than of revenue year into through weighting half year, first weighted pronounced said is expected. on we we more be guidance. And midway of the that to year the the more would slightly second than the year. the full first
the year. of we First revenue benefited second from the in deals half of half that timing expected
in by a should full year Non-GAAP point basis. X will million which Dolby XX%. and revenue.
Non-GAAP $XXX revenue, result deals. full an should margin assumption Atmos, be saying timing flat in of full consistent licensing mid-single-digit for guidance be a growth reflects expenses imaging patent about the in fiscal licensing Vision what the high services a revenue second and single-digit revenue unchanged to been to a all audio half, foundational flat reason, a Taking our expecting of the higher full year, step we've we our this year roughly quarter For towards 'XX due operating year is in roughly to products Dolby for the gross and the with million operating weighting roughly back, X year on margins decline year improvement revenue.
In are fourth $XXX offset at in percentage a range guidance,
On continues line, of are grow the and very of $X.XX.
To expecting EPS partners the Dolby-enabled wrap engaged. still our bottom we to to nicely content are and distribution things non-GAAP up, creation $X.XX between
remain back to positioned it well improve. financials for Operator? I'd like and questions. the for operator the With economic that, Our line turn your we conditions strong, open growth to are when to
