Dolby sees Q3 non-GAAP EPS 62c-77c, consensus 81c

Sees Q3 revenue $290M-$320M, consensus $307.09M. Sees FY25 licensing revenue $265M-$295M; gross margins 86% on a GAAP basis and approximately 88% on a non-GAAP basis; operating expenses $225M-$235M on a GAAP basis and $190M-$200M, on a non-GAAP basis; effective tax rate around 23% on a GAAP basis and around 20.5% on a non-GAAP basis.