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D Dolby Investor Relations Data Sheet Unaudited All dollar amounts are in thousands Revenue Data Licensing Products and services Total Revenue Total Revenue growth % ( year - over - year ) Total Revenue growth % ( quarterly sequential ) Broadcast Licensing Mobile Licensing Consumer Electronics Licensing PC Licensing Other Licensing Total Licensing Licensing Revenue growth % ( year - over - year ) Licensing Revenue growth % ( quarterly sequential ) Margins GAAP gross margin : Licensing Non - GAAP gross margin : Licensing GAAP gross margin : Products and services Non - GAAP gross margin : Products and services GAAP gross margin : Overall Non - GAAP gross margin : Overall GAAP operating margin ( see footnote 1 ) Non - GAAP operating margin ( see footnote 1 ) Other Data GAAP effective tax rate Non - GAAP effective tax rate Capital expenditures Free cash flow Cash , cash equivalents , and investments Payment of cash dividend Repurchase of common stock Shares repurchased Total employees Q1 2020 $ 257,683 $ 328,865 $ 22,950 34,194 $ 291,877 $ 351,815 $ ( 3 ) % ( 2 ) % 40 % 13 % 19 % 12 % 16 % 100 % ( 1 ) % ( 3 ) % 95.2 % 95.4 % 27.0 % 29.7 % 87.2 % 87.7 % 17 % 25 % $ $ 10.8 % 18.3 % 23,385 $ 7,774 $ $ 1,053,383 $ $ 22,081 $ $ 30,003 $ Q2 2020 432,042 2,231 4 % 21 % 39 % 23 % 15 % 14 % 9 % 100 % 6 % 28 % 96.0 % 96.3 % ( 2.8 ) % 3.0 % 89.5 % 90.2 % 30 % 37 % 20.0 % 20.2 % 18,397 $ 47,343 $ 1,027,084 $ 22,255 $ 71,669 $ 1,015,481 2,250 Q3 2020 ( 18 ) % ( 30 ) % 38 % 33 % 9 % 10 % 10 % 100 % ( 14 ) % ( 29 ) % 235,125 $ 256,904 $ 1,078,577 $ 373,005 $ 303,585 $ 11,784 14,287 $ 83,215 16,869 15,973 $ 246,909 $ 271,191 $ 1,161,792 $ 389,874 $ 319,558 $ 94.7 % 94.9 % ( 46.9 ) % ( 30.3 ) % 87.9 % 89.0 % 14 % 25 % ( 68.5 ) % ( 31.9 ) % 14,127 $ 120,161 $ 1,119,254 $ 22,103 $ 27,081 $ Q4 2020 474,340 2,268 ( 9 ) % 10 % 47 % 15 % 13 % 12 % 13 % 100 % ( 3 ) % 9 % 95.1 % 95.3 % ( 108.6 ) % ( 98.6 ) % 84.3 % 85.1 % 11 % 20 % 21.8 % 21.8 % 10,438 $ 102,224 $ 1,170,973 $ 22,142 $ 44,989 $ FY 2020 642,696 2,289 ( 6 ) % n / a 41 % 21 % 14 % 12 % 12 % 100 % ( 3 ) % n / a 95.3 % 95.6 % ( 15.0 ) % ( 8.2 ) % 87.4 % 88.1 % 19 % 27 % 3.4 % 9.8 % 66,347 $ 277,502 $ 1,170,973 $ 88,581 $ 173,742 $ Q1 2021 2,564,559 2,289 34 % 44 % 37 % 28 % 14 % 9 % 12 % 100 % 45 % 45 % 96.5 % 96.7 % ( 32.5 ) % ( 23.3 ) % 90.9 % 91.5 % 42 % 49 % Q2 2021 14.5 % 19.9 % 15,527 $ 66,633 $ 1,211,622 $ 22,231 $ 39,985 $ 450,399 2,296 ( 9 ) % ( 18 ) % 35 % 22 % 16 % 17 % 10 % 100 % ( 8 ) % ( 19 ) % 94.7 % 94.9 % ( 2.2 ) % 6.7 % 89.9 % 90.5 % 26 % 35 % 10.6 % 16.0 % 13,360 $ 70,108 $ 1,205,340 $ 22,343 $ 70,790 $ 757,019 2,259 FY 2021 676,590 32,842 709,432 10 % n / a 36 % 25 % 15 % 12 % 12 % 100 % 15 % n / a 95.7 % 95.9 % ( 17.8 ) % ( 8.7 ) % 90.5 % 91.1 % 35 % 42 % 13.2 % 18.5 % 28,887 136,741 1,205,340 44,574 110,775 1,207,418 2,259