Jun 2026 (Q3 FY26) — Jul 30, 2026
Dolby Laboratories Q3 FY26 — Strong Q4 Outlook Driven by VDP and Auto Momentum
Read the full callDolby Laboratories (DLB) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Dolby Laboratories earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 305 | −3.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.3 | −3.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 28.6 | −37.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
31 of 31 judged targets kept · 48 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| First Dolby Vision 2 TVs in market | first TVs in market by the end of 2026 | Sep 2025 | On TVs, Dolby Vision 2 is now in market with some Hisense TVs | Achieved |
| Non-GAAP earnings per share | $4.19 to $4.34 | Sep 2025 | We expect non-GAAP earnings per share to be between $4.25 and $4.40 | Revised Down |
| Broadcast licensing revenue growth | up mid-single digits | Sep 2025 | broadcast to be up mid-single digits due to higher recoveries and imaging patents | On Track |
48 of Dolby Laboratories, Inc.'s 79 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 76 more targets are in the full ledger.
Claimed
- Q4 FY26 revenue guidance midpoint represents a 23% year-over-year increase, driven by key growth areas.
- Video Distribution Program (VDP) gained significant licensees including Meta and Alibaba, showing strong early traction with 45 licensors.
- Dolby Atmos in automotive expanded with over 40 OEM agreements, new wins including Volkswagen China and Buick, and Google Android Auto support.
- Share repurchase authorization increased by $350 million, bringing total authorization to $427 million, with 1.2 million shares ($65 million) repurchased in Q3.
- Non-GAAP operating margin expected to improve by approximately 100 basis points for FY26, up from prior guidance of 50-100 basis points.
Qualified
- Q3 revenue was within guidance but lower than expected due to deal timing and foundational audio revenue, offset by better-than-expected Dolby Atmos, Dolby Vision, and imaging patents.
- Non-GAAP EPS of $0.69 was impacted by higher taxes from discrete items in Q3.
- PC end market revenue is expected to be down low single digits for FY26 due to lower unit shipments and recoveries.
- Foundational Audio revenue is expected to be down slightly for FY26.
- Rising memory costs are impacting mobile and PC markets, potentially offsetting growth in other areas in the next fiscal year.
Price
$60.83 +3.38% · +$1.99
Performance −12.0% 1Y
1Y: $69.11 on 14 Oct 2025 → $60.83. High $69.58 (21 Oct 2025), low $48.51 (14 Jul 2026).
- Previous close
- $58.84
- 52-week range
- $48.51 – $69.58
- One year
- −11.58%
Overview
- Symbol
- DLB
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
31 of 31 judged targets kept · 48 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| First Dolby Vision 2 TVs in market | first TVs in market by the end of 2026 | Sep 2025 | On TVs, Dolby Vision 2 is now in market with some Hisense TVs | Achieved |
| Non-GAAP earnings per share | $4.19 to $4.34 | Sep 2025 | We expect non-GAAP earnings per share to be between $4.25 and $4.40 | Revised Down |
| Broadcast licensing revenue growth | up mid-single digits | Sep 2025 | broadcast to be up mid-single digits due to higher recoveries and imaging patents | On Track |
Claimed
- Q4 FY26 revenue guidance midpoint represents a 23% year-over-year increase, driven by key growth areas.
- Video Distribution Program (VDP) gained significant licensees including Meta and Alibaba, showing strong early traction with 45 licensors.
- Dolby Atmos in automotive expanded with over 40 OEM agreements, new wins including Volkswagen China and Buick, and Google Android Auto support.
- Share repurchase authorization increased by $350 million, bringing total authorization to $427 million, with 1.2 million shares ($65 million) repurchased in Q3.
- Non-GAAP operating margin expected to improve by approximately 100 basis points for FY26, up from prior guidance of 50-100 basis points.
Qualified
- Q3 revenue was within guidance but lower than expected due to deal timing and foundational audio revenue, offset by better-than-expected Dolby Atmos, Dolby Vision, and imaging patents.
- Non-GAAP EPS of $0.69 was impacted by higher taxes from discrete items in Q3.
- PC end market revenue is expected to be down low single digits for FY26 due to lower unit shipments and recoveries.
- Foundational Audio revenue is expected to be down slightly for FY26.
- Rising memory costs are impacting mobile and PC markets, potentially offsetting growth in other areas in the next fiscal year.
The full ledger
Open Dolby Laboratories, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 79 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 30, 2026
Dolby Q2 FY26 — Strong Content Adoption and Maintained Full-Year Guidance
Read the full callEvery analysed call
Dolby Laboratories earnings calls (DLB)
Financials
What the filings say
Net profit, year on year: −38% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 305 | 357 | 370 | 316 | 307 | 347 | 396 | 305 |
| Operating profit | 46 | 80 | 108 | 48 | 30 | 62 | 113 | 34 |
| Operating margin | 15.2% | 22.4% | 29.2% | 15.1% | 9.7% | 17.9% | 28.6% | 11.3% |
| Other income | 13 | 6 | 12 | 8 | 12 | 9 | 7 | 9 |
| Profit before tax | 60 | 86 | 120 | 56 | 42 | 72 | 120 | 44 |
| Tax rate | 1.4% | 20.9% | 23.3% | 16.2% | −19.2% | 25.0% | 20.3% | 33.3% |
| Net profit | 59 | 68 | 92 | 46 | 49 | 53 | 95 | 29 |
| EPS ($ per share) | — | 0.71 | 0.95 | 0.48 | — | 0.56 | 1 | 0.30 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 2,314 | 2,328 | 2,443 | 2,608 | 2,298 | 2,392 | 2,496 | 2,635 |
| Total liabilities | 495 | 509 | 479 | 501 | 439 | 608 | 623 | 596 |
| Fixed assets | 514 | 537 | 542 | 534 | 513 | 482 | 479 | 471 |
| Investments | 178 | 119 | 47 | 39 | 189 | 139 | 0 | 1 |
| Total assets | 2,865 | 2,822 | 2,917 | 3,106 | 2,690 | 2,980 | 3,110 | 3,228 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 352 | 328 | 344 | 448 | 319 | 367 | 327 | 472 |
| Cash from investing | 78 | -56 | 134 | -45 | -296 | 54 | -286 | -11 |
| Cash from financing | -134 | -385 | -208 | -253 | -611 | -237 | -288 | -247 |
| Net cash flow | 291 | -120 | 274 | 153 | -605 | 190 | -240 | 216 |
| Capital expenditure | -73 | -96 | -66 | -54 | -48 | -30 | -30 | -36 |
| Free cash flow | 279 | 231 | 278 | 393 | 271 | 337 | 297 | 436 |
DLB revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | — | — | — | 100% | 100% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q3 FY2026 · share of revenue
- Non Us 66% ↓ 8 pt
- US 34% ↑ 8 pt
As DLB cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
95 filings between Nov 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$14.67M
38 sales by 9 insiders
82% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 17
- Award — granted as compensation
- 18
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts, 3 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| YEAMAN KEVIN J | — | $7.00M | Dec 17, 2025 |
| Couling John D | — | $4.27M | Oct 1, 2026 |
| SHERMAN MARK ANDREW | — | $1.08M | Dec 17, 2025 |
| Revankar Shriram | — | $747.9K | Aug 14, 2026 |
| Pendleton Todd | — | $647.9K | May 22, 2026 |
| Nicholson Ryan | — | $359.5K | Aug 25, 2026 |
| Park Robert J | — | $277.4K | May 12, 2026 |
| Prophet Tony A | — | $223.9K | Nov 25, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 6,831 | $401.1K |
| Oct 1, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,667 | $348.8K |
| Oct 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 836 | $49.6K |
| Sep 15, 2026 | SHERMAN MARK ANDREW EVP, Gen. Counsel & Secretary | Award | 48,076 | $0 |
| Sep 15, 2026 | Couling John D SVP, Entertainment | Award | 48,076 | $0 |
| Sep 15, 2026 | Whitten Marc President and CEO | Award | 160,256 | $0 |
| Sep 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 7,667 | $468.0K |
| Sep 1, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,667 | $348.8K |
| Aug 28, 2026 | Dolby Dagmar 10% owner | Gift | 300,000 | $0 |
| Aug 28, 2026 | Dolby Dagmar 10% owner | Conversion | 300,000 | $0 |
| Aug 25, 2026 | Nicholson Ryan VP, CAO and Corp. Controller | Sale | 1,183 | $77.2K |
| Aug 14, 2026 | Revankar Shriram SVP, Advanced Technology Group | Sale 10b5-1 plan | 3,000 | $188.1K |
| Aug 10, 2026 | Nicholson Ryan VP, CAO and Corp. Controller | Sale | 1,348 | $83.6K |
| Aug 4, 2026 | Nicholson Ryan VP, CAO and Corp. Controller | Sale | 357 | $21.6K |
| Aug 3, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 6,884 | $413.8K |
| Aug 3, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,667 | $348.8K |
| Aug 3, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 783 | $46.2K |
| Jul 1, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,667 | $348.8K |
| Jul 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 7,667 | $407.9K |
| Jun 1, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,666 | $348.8K |
| Jun 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 508 | $28.5K |
| Jun 1, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 7,158 | $397.9K |
| May 22, 2026 | Pendleton Todd SVP, Chief Marketing Officer | Sale | 11,876 | $647.9K |
| May 18, 2026 | Revankar Shriram SVP, Advanced Technology Group | Tax withheld 10b5-1 plan | 4,329 | $234.7K |
| May 15, 2026 | Revankar Shriram SVP, Advanced Technology Group | Sale 10b5-1 plan | 3,000 | $164.7K |
| May 12, 2026 | Park Robert J SVP & Chief Financial Officer | Sale 10b5-1 plan | 391 | $22.4K |
| May 12, 2026 | Park Robert J SVP & Chief Financial Officer | Sale 10b5-1 plan | 4,504 | $255.0K |
| May 5, 2026 | Couling John D SVP, Entertainment | Option exercise 10b5-1 plan | 7,666 | $348.8K |
| May 5, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 738 | $43.1K |
| May 5, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 6,928 | $398.2K |
| May 4, 2026 | Couling John D SVP, Entertainment | Sale 10b5-1 plan | 4,688 | $274.1K |
| Apr 1, 2026 | Rollins Emily Director | Sale 10b5-1 plan | 1,000 | $60.1K |
| Feb 25, 2026 | Dolby Dagmar 10% owner | Conversion | 10,000 | $0 |
| Feb 25, 2026 | Dolby Dagmar 10% owner | Gift | 10,000 | $0 |
| Feb 17, 2026 | Revankar Shriram SVP, Advanced Technology Group | Sale 10b5-1 plan | 3,000 | $198.4K |
| Feb 13, 2026 | Nicholson Ryan VP, CAO and Corp. Controller | Option exercise | 2,667 | $121.3K |
| Feb 13, 2026 | Nicholson Ryan VP, CAO and Corp. Controller | Sale | 2,667 | $177.0K |
| Feb 11, 2026 | Dolby Dagmar 10% owner | Gift | 380,000 | $0 |
| Feb 11, 2026 | Dolby Dagmar 10% owner | Conversion | 380,000 | $0 |
| Feb 3, 2026 | Sud Anjali Director | Award | 3,908 | $0 |
| Feb 3, 2026 | Prophet Tony A Director | Award | 3,908 | $0 |
| Feb 3, 2026 | GOTCHER PETER C Director | Award | 3,908 | $0 |
| Feb 3, 2026 | TEVANIAN AVADIS Director | Award | 3,908 | $0 |
| Feb 3, 2026 | Rollins Emily Director | Award | 3,908 | $0 |
| Feb 3, 2026 | Segars Simon Director | Award | 3,908 | $0 |
| Feb 3, 2026 | Dolby David Director | Award | 3,908 | $0 |
| Feb 2, 2026 | Couling John D SVP, Entertainment | Sale | 6,667 | $432.6K |
| Dec 17, 2025 | SHERMAN MARK ANDREW EVP, Gen. Counsel & Secretary | Sale 10b5-1 plan | 2,491 | $167.6K |
| Dec 17, 2025 | YEAMAN KEVIN J President and CEO | Sale 10b5-1 plan | 6,671 | $448.5K |
| Dec 17, 2025 | YEAMAN KEVIN J President and CEO | Sale 10b5-1 plan | 80 | $5.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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