Dolby
Licenses technologies that improve entertainment audio and video experiences.
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Profile
Licenses audio and imaging technologies for entertainment creation, distribution and playback. Dolby Atmos, Dolby Vision, Dolby Cinema and Dolby.io extend its platform, while family-affiliated Class B ownership retains majority voting power.
Licensing audio and imaging technologies is the core business, serving content creators, distributors and consumer-electronics manufacturers across capture, transmission and playback for diverse entertainment uses. Dolby Atmos and Dolby Vision extend this platform into immersive audio and video.
Dolby Cinema combines Dolby Vision and Dolby Atmos in a Dolby-designed theatrical environment, while Dolby.io offers developers API access to Dolby capabilities. Original noise-reduction work expanded into branded platforms for entertainment creation, distribution and playback.
Class A shares trade on the NYSE under DLB, while family-affiliated Class B ownership retains majority voting power.
Company facts
Key statistics
Year to date −3.2% · Average volume (30d) 952.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Nov 19, 2025 | Rosenblatt Securities | Target | $90 | $85 |
| Sep 4, 2025 | Robert W. Baird | Target | $74 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q3 FY26 | $0.67 | $0.69 | +2.8% | $312.0M | $305.0M | −2.2% | +13.58% |
| Apr 30, 2026Q2 FY26 | $1.31 | $1.37 | +4.6% | $385.8M | $395.6M | +2.5% | −10.41% |
| Jan 29, 2026Q1 FY26 | $0.99 | $1.06 | +6.7% | $341.3M | $346.7M | +1.6% | +1.84% |
| Nov 18, 2025Q4 FY25 | $0.70 | $0.99 | +41.6% | $305.8M | $307.0M | +0.4% | +0.06% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $369.6M | $315.5M | $307.0M | $346.7M | $395.6M | $305.0M | |
| Gross profit | $333.7M | $271.5M | $267.5M | $303.5M | $350.9M | $264.7M | |
| Operating income | $112.0M | $47.6M | $29.7M | $62.2M | $115.1M | $38.3M | |
| Net income | $91.8M | $46.1M | $49.3M | $53.3M | $94.9M | $28.6M | |
| Diluted EPS | $0.94 | $0.48 | $0.51 | $0.55 | $0.99 | $0.30 | |
| Gross margin | 90.3% | 86.1% | 87.1% | 87.5% | 88.7% | 86.8% | |
| Operating margin | 30.3% | 15.1% | 9.7% | 17.9% | 29.1% | 12.5% |
Fiscal years (4-quarter sums)FY21 $1.28B · FY22 $1.25B · FY23 $1.30B · FY24 $1.27B · FY25 $1.35B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 26, 2026Cash & short-term investments $670.0M · Total debt $47.5M · Total assets $3.16B · Shareholders' equity $2.58B
Dividends
Raised for 10 straight years — most recently to $0.36 from $0.33 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Aug 19 | $0.36 | |
| May 12, 2026 | May 12 | May 20 | $0.36 | |
| Feb 10, 2026 | Feb 10 | Feb 18 | $0.36 | |
| Dec 2, 2025 | Dec 2 | Dec 10 | $0.36 | raised from $0.33 |
| Aug 12, 2025 | Aug 12 | Aug 20 | $0.33 | |
| May 13, 2025 | May 13 | May 21 | $0.33 | |
| Feb 11, 2025 | Feb 11 | Feb 19 | $0.33 | |
| Dec 3, 2024 | Dec 3 | Dec 10 | $0.33 | raised from $0.30 |
Ownership
Shares outstanding 95.14M · Float 93.89M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.68M | 7.02% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 4.95M | 5.20% | 13F | Aug 13, 2026 |
| Bank of New York Mellon Corp | 4.82M | 5.06% | 13F | Aug 6, 2026 |
| Morgan Stanley | 4.60M | 4.84% | 13F | Aug 13, 2026 |
| Dolby Dagmar · 10 percent owner | 4.37M | 4.60% | Form 4 | Aug 28, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Ryan Nicholson | officer: VP, CAO and Corp. Controller | −1,183 | $65.28 |
| Aug 14, 2026 | Shriram Revankar | officer: SVP, Advanced Technology Group | −3,000 | $62.71 |
| Aug 10, 2026 | Ryan Nicholson | officer: VP, CAO and Corp. Controller | −1,348 | $62.04 |
| Aug 4, 2026 | Ryan Nicholson | officer: VP, CAO and Corp. Controller | −357 | $60.63 |
| Aug 3, 2026 | John D. Couling | officer: SVP, Entertainment | −7,667 | $60.00 |
Peers
- Xperi
DTS formats and platforms span immersive audio, home theater, and cars
- IMAX
Premium cinema platform combining remastering, theater systems, and licensing
- Sony (ADR)
360 Reality Audio provides object-based immersive music technology
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dolby | $61.50 | −0.02% | $5.85B | 26.2 | 13.6 | 4.3 | −3.3% |
| Xperi | $6.00 | −0.17% | $289.6M | — | 6.8 | 0.6 | +8.1% |
| IMAX | $50.64 | +0.51% | $2.76B | 69.4 | 26.2 | 6.6 | +12.1% |
| Sony (ADR) | $24.71 | −0.56% | $145.93B | — | 28.9 | 1.8 | −1.6% |
| Median | 69.4 | 26.2 | 1.8 | +8.1% |