📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Dolby Laboratories, Inc. engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions for television, broadcast, and live entertainment industries in the United States and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q3 2025

Confident Specific

Management explicitly stated results were 'generally in line with expectations' and above the midpoint of guidance, while also repeatedly acknowledging 'macro remains uncertain' and 'our outlook remains unchanged.' They provided specific growth percentages and partnership details, indicating confidence in their long-term strategy but caution on near-term visibility.

Q4 2025

Confident Specific

Management repeatedly uses phrases like 'confident in our strategy', 'significant opportunity', 'strong engagement', and 'unique position in the market'. They provide specific growth targets (15-20% for three to five years) and highlight concrete wins (Instagram, Douyin, NFL, Dolby Vision 2). The tone is upbeat and detailed, with no defensive or evasive language.

Q1 2026

Confident Specific

Revenue and Non-GAAP earnings came in above the high end of the range of guidance. We're raising our guidance for the year. Specific numbers like $347M revenue and $1.06 EPS were highlighted.

Q2 2026 latest

Confident Specific

Kevin Yeaman repeatedly used specific company names and adoption statistics (e.g., Meta, Douyin, BMW, BYD) and stated 'We continue to strengthen our position' and 'we feel good about our guidance' — no defensive or evasive language.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Management reaffirmed full-year guidance and highlighted sustained adoption momentum across content platforms, automotive, and new revenue streams. Specifically, broadcast revenue up 26% YoY and mobile expected mid-single-digit growth for the full year underscore resilience despite macro headwinds. The launch of Dolby Vision 2 TVs and expansion into mass-market auto with 4-channel Atmos suggest upside beyond premium segments. However, memory pricing risks in mobile and PC remain unquantified. Key items to watch next quarter: Q3 revenue guidance ($295M-$325M) reflects typical seasonality; progress on Dolby OptiView and Video Distribution Program licensee count; and any impact from macro factors on consumer electronics units.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Dolby Q2 FY26: $396M revenue, $1.37 EPS; full year guidance $1.4B-$1.45B

Revenue & Profitability

Q2 fiscal 2026 revenue was $396 million, within guidance. Non-GAAP earnings per share was $1.37. Licensing revenue was $372 million, products and services $23 million. Operating cash flow was $93 million. Full year fiscal 2026 guidance: revenue $1.4 billion to $1.45 billion, licensing $1.295 billion to $1.345 billion, and non-GAAP EPS $4.30 to $4.45. Broadcast grew 26% year-over-year in Q2, while mobile was down 6% but expected to be up mid-single digits for the full year.

Outlook

Management maintained full year guidance, reflecting confidence despite macroeconomic uncertainties such as memory pricing volatility, supply chain issues, and consumer spending shifts. They noted that memory pricing impacts mobile and PC end markets more than TV or auto. To date, no significant impact on the business has been observed. Broadcast and mobile are expected to grow mid-single digits for the full year, supported by Dolby Atmos and Dolby Vision adoption.

Growth Drivers

Key growth levers include adoption of Dolby Atmos and Dolby Vision in mobile (e.g., Apple iPhone 17E, Xiaomi Redmi Note 15 Pro, Vivo X300 Ultra), broadcast (Super Bowl, Winter Olympics, HBO Max sports), and automotive (BMW, BYD Denza, Lexus, NIO Firefly). The Video Distribution Program (patent pool with 40 licensors) and Dolby OptiView (wins with Genius Sports and William Hill) are new revenue streams. Dolby Vision 2 TVs from Hisense, TCL, and Philips are expected by end of fiscal 2026.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Non-GAAP gross margins are expected to be approximately 88% in Q3 fiscal 2026. Full year non-GAAP operating expenses are guided between $780 million and $800 million, implying operating margin improvement of 50 to 100 basis points. Q2 included a $2 million restructuring charge from prior actions. The company generated $93 million in operating cash flow in Q2.

Key Risks

Management highlighted risks from macroeconomic events, supply chain issues, inflation, changes in consumer spending, and geopolitical instability. Memory pricing volatility was noted as impacting mobile and PC end markets. Quarterly volatility can arise from the timing of recoveries, minimum volume commitments, and true-ups. The business depends on continued adoption of Dolby technologies across content, platforms, and devices.

Generated by AI · Q2 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q3 2026 Q3 2026 2026-07-30

Q3 results met guidance, with revenue at $305M and EPS at $0.69. Strong Q4 and FY26 growth is expected, driven by new VDP licensees like Meta and Alibaba, automotive expansion, and robust adoption of Dolby Atmos and Vision. Share repurchases and dividends increased.

Q2 2026 Q2 2026 2026-04-30

Q2 FY26 revenue and earnings met guidance, with strong adoption of Dolby technologies across content, automotive, and mobile. Full-year outlook is maintained, with licensing and new platform revenues driving growth. Cash flow, margins, and capital returns remain robust.

Q1 2026 Q1 2026 2026-01-29

Q1 2026 revenue and non-GAAP EPS exceeded guidance, driven by early deal closures and a favorable true-up. Growth in automotive, TV, and mobile segments, plus new partnerships, led to raised full-year guidance and strong cash flow.

Q4 2025 Q4 2025 2025-11-18

Fiscal 2025 revenue grew 6% with strong gains in Dolby Atmos, Dolby Vision, and imaging patents, now nearly half of licensing revenue. FY2026 guidance calls for 3%-7% revenue growth, continued margin expansion, and new consumption-based models driving future growth.

Q3 2025 Q3 2025 2025-07-31

Q3 revenue and earnings exceeded guidance, driven by strong licensing and product growth. Automotive and mobile partnerships expanded, while broadcast and PC segments saw robust licensing gains. Full-year outlook remains steady despite macro uncertainty.

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