Symbols / DLB Stock $57.46 -10.41% Dolby Laboratories, Inc.

Industrials • Specialty Business Services • United States • NYQ
DLB (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Industrials
Industry Specialty Business Services
CEO Mr. Kevin J. Yeaman
Exch · Country NYQ · United States
Market Cap 5.49B
Enterprise Value 4.94B
Income 243.64M
Sales 1.36B
FCF (ttm) 287.99M
Book/sh 27.50
Cash/sh 6.25
Employees 2,051
Insider 10d —
IPO Feb 17, 2005
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 54.76%
P/E 22.80
Forward P/E 12.48
PEG 1.29
P/S 4.02
P/B 2.09
P/C —
EV/EBITDA 13.60
EV/Sales 3.62
Quick Ratio 2.58
Current Ratio 2.98
Debt/Eq 1.89
LT Debt/Eq —
EPS (ttm) 2.52
EPS next Y 4.60
EPS Growth 5.30%
Revenue Growth 7.10%
EPS Gr Q/Q 3.40%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-04-30
ROA 5.22%
ROE 9.42%
ROIC —
Gross Margin 87.44%
Oper. Margin 29.10%
Profit Margin 17.85%
Shs Outstand 60.88M
Shs Float 59.99M
Insider Own 1.29%
Instit Own 99.36%
Short Float 9.13%
Short Ratio 7.01
Short Interest 4.17M
52W High 78.28
vs 52W High -26.60%
52W Low 55.73
vs 52W Low 3.10%
Beta —
Impl. Vol. 36.67%
Rel Volume 2.79
Avg Volume 702.81K
Volume 1.96M
Target (mean) $81.00
Tgt Median $85.00
Tgt Low $68.00
Tgt High $90.00
# Analysts 3
Recom Buy
Prev Close $64.14
Price $57.46
Change -10.41%
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. The company develops and licenses its audio technologies, such as AAC, HE-AAC, and extended HE-AAC, a digital audio codec solution; AVC, a digital video codec used in STBs, mobile devices, cameras, and broadcast television services and other products; and Dolby Atmos and Dolby Vision include encoding technologies that artists use to create more compelling and immersive audio and video experiences. It also provides DD+, an advanced surround sound audio codec technology; Dolby AC-4, an audio codec that uses cutting edge compression; and HEVC, a digital video codec that compresses video. In addition, the company offers Dolby Cinemas, a premium large format cinemas that deliver a Dolby branded premium cinema offering with Dolby Vision, Dolby Atmos, and a Dolby theater design; Dolby.io, a SaaS product of immersive, interactive, and social experiences with real-time engagement for live events, especially sports; and digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. It serves film studios, content creators, post-production facilities, and broadcasters. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$81.00
Mean price target
2. Current target
$57.46
Latest analyst target
3. DCF / Fair value
$85.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$57.46
Low
$68.00
High
$90.00
Mean
$81.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-27 main Barrington Research Outperform → Outperform $90
2026-01-30 main Barrington Research Outperform → Outperform $90
2026-01-30 main Rosenblatt Buy → Buy $85
2026-01-26 main Barrington Research Outperform → Outperform $90
2026-01-22 main Rosenblatt Buy → Buy $85
2025-11-19 main Rosenblatt Buy → Buy $85
2025-11-19 main Barrington Research Outperform → Outperform $95
2025-09-12 main Barrington Research Outperform → Outperform $100
2025-09-05 init Baird — → Neutral $74
2025-08-15 main Tigress Financial Buy → Buy $114
2025-08-01 main Rosenblatt Buy → Buy $95
2025-06-13 main Rosenblatt Buy → Buy $95
2025-05-15 main Tigress Financial Buy → Buy $112
2025-05-02 main Barrington Research Outperform → Outperform $100
2025-05-02 main Rosenblatt Buy → Buy $95
2025-02-13 main Barrington Research Outperform → Outperform $100
2025-01-30 main Barrington Research Outperform → Outperform $100
2025-01-30 main Rosenblatt Buy → Buy $100
2025-01-27 main Barrington Research Outperform → Outperform $100
2025-01-23 main Rosenblatt Buy → Buy $100
News
RSS: Latest DLB news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 ROLLINS EMILY Director — 1,000 $60.08 $60,080
2026-02-25 DOLBY DAGMAR Beneficial Owner of more than 10% of a Class of Security — 10,000 $0.00 $0
2026-02-25 DOLBY DAGMAR Beneficial Owner of more than 10% of a Class of Security — 10,000 — —
2026-02-17 REVANKAR SHRIRAM Officer — 3,000 $66.14 $198,420
2026-02-13 NICHOLSON RYAN Officer — 2,667 $66.38 $177,023
2026-02-13 NICHOLSON RYAN Officer — 2,667 $45.50 $121,348
2026-02-11 DOLBY DAGMAR Beneficial Owner of more than 10% of a Class of Security — 380,000 $0.00 $0
2026-02-11 DOLBY DAGMAR Beneficial Owner of more than 10% of a Class of Security — 380,000 — —
2026-02-03 ROLLINS EMILY Director — 3,908 $0.00 $0
2026-02-03 PROPHET TONY A Director — 3,908 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
1,349.13
+5.92%
1,273.72
-2.00%
1,299.74
+3.66%
1,253.79
Operating Revenue
1,349.13
+5.92%
1,273.72
-2.00%
1,299.74
+3.66%
1,253.79
Cost Of Revenue
160.13
+13.98%
140.50
-7.91%
152.57
+7.93%
141.36
Reconciled Cost Of Revenue
160.13
+13.98%
140.50
-7.91%
152.57
+7.93%
141.36
Gross Profit
1,189.00
+4.92%
1,133.22
-1.22%
1,147.18
+3.12%
1,112.43
Operating Expense
909.03
+4.67%
868.51
-1.79%
884.36
-1.21%
895.21
Research And Development
261.79
-0.71%
263.66
-2.89%
271.52
+3.96%
261.17
Selling General And Administration
647.24
+7.01%
604.85
-1.30%
612.84
-3.34%
634.03
Selling And Marketing Expense
360.71
+7.85%
334.46
-5.62%
354.36
-1.21%
358.72
General And Administrative Expense
286.53
+5.97%
270.39
+4.61%
258.48
-6.12%
275.31
Other Gand A
286.53
+5.97%
270.39
+4.61%
258.48
-6.12%
275.31
Total Expenses
1,069.16
+5.96%
1,009.01
-2.69%
1,036.93
+0.04%
1,036.57
Operating Income
279.97
+5.76%
264.71
+0.72%
262.81
+20.99%
217.23
Total Operating Income As Reported
264.96
+2.57%
258.33
+19.73%
215.75
+4.43%
206.60
EBITDA
378.56
+7.54%
352.04
-1.76%
358.33
+11.69%
320.84
Normalized EBITDA
393.57
+9.81%
358.42
-11.59%
405.39
+22.30%
331.46
Reconciled Depreciation
98.60
+12.91%
87.33
-8.57%
95.51
-7.81%
103.61
EBIT
279.97
+5.76%
264.71
+0.72%
262.81
+20.99%
217.23
Total Unusual Items
-15.01
-135.07%
-6.38
+86.43%
-47.06
-343.01%
-10.62
Total Unusual Items Excluding Goodwill
-15.01
-135.07%
-6.38
+86.43%
-47.06
-343.01%
-10.62
Special Income Charges
-15.01
-135.07%
-6.38
+86.43%
-47.06
-343.01%
-10.62
Restructuring And Mergern Acquisition
15.01
+135.07%
6.38
-86.43%
47.06
+343.01%
10.62
Net Income
255.02
-2.60%
261.82
+30.48%
200.66
+9.00%
184.09
Pretax Income
303.49
-2.88%
312.48
+24.97%
250.05
+16.15%
215.28
Net Non Operating Interest Income Expense
15.38
-54.88%
34.08
+21.33%
28.09
+354.91%
6.17
Interest Expense Non Operating
—
—
—
0.39
Net Interest Income
15.38
-54.88%
34.08
+21.33%
28.09
+354.91%
6.17
Interest Expense
—
—
—
0.39
Interest Income Non Operating
—
—
—
6.57
Interest Income
—
—
—
6.57
Other Income Expense
8.14
-40.53%
13.69
+133.52%
-40.85
-402.86%
-8.12
Other Non Operating Income Expenses
23.15
+15.31%
20.08
+223.08%
6.21
+148.56%
2.50
Tax Provision
46.99
-2.43%
48.16
-0.51%
48.41
+54.26%
31.38
Tax Rate For Calcs
0.00
+0.65%
0.00
-20.62%
0.00
+32.88%
0.00
Tax Effect Of Unusual Items
-2.33
-136.60%
-0.98
+89.23%
-9.13
-488.66%
-1.55
Net Income Including Noncontrolling Interests
256.49
-2.96%
264.32
+31.08%
201.64
+9.65%
183.90
Net Income From Continuing Operation Net Minority Interest
255.02
-2.60%
261.82
+30.48%
200.66
+9.00%
184.09
Net Income From Continuing And Discontinued Operation
255.02
-2.60%
261.82
+30.48%
200.66
+9.00%
184.09
Net Income Continuous Operations
256.49
-2.96%
264.32
+31.08%
201.64
+9.65%
183.90
Minority Interests
-1.47
+40.83%
-2.49
-152.13%
-0.99
-622.75%
0.19
Normalized Income
267.70
+0.18%
267.23
+12.00%
238.59
+23.52%
193.16
Net Income Common Stockholders
255.02
-2.60%
261.82
+30.48%
200.66
+9.00%
184.09
Diluted EPS
2.62
-2.60%
2.69
+31.22%
2.05
+13.26%
1.81
Basic EPS
2.66
-2.92%
2.74
+30.48%
2.10
+14.13%
1.84
Basic Average Shares
95.87
+0.34%
95.54
-0.24%
95.77
-4.22%
99.99
Diluted Average Shares
97.48
+0.16%
97.33
-0.42%
97.73
-4.17%
101.98
Diluted NI Availto Com Stockholders
255.02
-2.60%
261.82
+30.48%
200.66
+9.00%
184.09
Gain On Sale Of PPE
—
—
0.00
0.00
Total Other Finance Cost
-15.38
+54.88%
-34.08
-21.33%
-28.09
-354.91%
-6.17
Line Item Trend 2023-09-30
Total Assets
2,979.77
Current Assets
1,487.80
Cash Cash Equivalents And Short Term Investments
884.51
Cash And Cash Equivalents
745.36
Cash Equivalents
143.08
Cash Financial
745.36
Other Short Term Investments
139.15
Receivables
444.38
Accounts Receivable
262.25
Gross Accounts Receivable
271.93
Allowance For Doubtful Accounts Receivable
-9.68
Other Receivables
182.13
Inventory
35.62
Raw Materials
6.20
Work In Process
3.97
Finished Goods
25.45
Prepaid Assets
24.43
Restricted Cash
72.60
Other Current Assets
26.26
Total Non Current Assets
1,491.96
Net PPE
521.78
Gross PPE
1,098.65
Accumulated Depreciation
-576.87
Properties
0.00
Land And Improvements
41.90
Buildings And Improvements
287.80
Machinery Furniture Equipment
418.53
Construction In Progress
18.33
Other Properties
252.11
Leases
79.99
Goodwill And Other Intangible Assets
575.84
Goodwill
408.41
Other Intangible Assets
167.43
Investments And Advances
97.81
Other Investments
—
Non Current Deferred Assets
201.86
Non Current Deferred Taxes Assets
201.86
Other Non Current Assets
94.67
Total Liabilities Net Minority Interest
607.58
Current Liabilities
422.23
Payables And Accrued Expenses
258.37
Payables
176.20
Accounts Payable
20.93
Other Payable
150.51
Current Accrued Expenses
82.16
Employee Benefits
4.30
Pensionand Other Post Retirement Benefit Plans Current
118.73
Total Tax Payable
4.77
Income Tax Payable
4.77
Current Debt And Capital Lease Obligation
13.63
Current Capital Lease Obligation
13.63
Current Deferred Liabilities
31.50
Current Deferred Revenue
31.50
Total Non Current Liabilities Net Minority Interest
185.36
Long Term Debt And Capital Lease Obligation
37.02
Long Term Capital Lease Obligation
37.02
Non Current Pension And Other Postretirement Benefit Plans
4.30
Tradeand Other Payables Non Current
74.48
Non Current Deferred Liabilities
40.00
Non Current Deferred Revenue
40.00
Other Non Current Liabilities
29.55
Stockholders Equity
2,355.10
Common Stock Equity
2,355.10
Capital Stock
0.09
Common Stock
0.09
Share Issued
95.76
Ordinary Shares Number
95.76
Treasury Shares Number
0.00
Retained Earnings
2,391.99
Gains Losses Not Affecting Retained Earnings
-36.98
Minority Interest
17.08
Other Equity Adjustments
-36.98
Total Equity Gross Minority Interest
2,372.18
Total Capitalization
2,355.10
Working Capital
1,065.58
Invested Capital
2,355.10
Total Debt
50.65
Capital Lease Obligations
50.65
Net Tangible Assets
1,779.26
Tangible Book Value
1,779.26
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
472.20
+44.29%
327.25
-10.85%
367.08
+15.23%
318.58
Cash Flow From Continuing Operating Activities
472.20
+44.29%
327.25
-10.85%
367.08
+15.23%
318.58
Net Income From Continuing Operations
256.49
-2.96%
264.32
+31.08%
201.64
+9.65%
183.90
Depreciation Amortization Depletion
98.60
+12.91%
87.33
-8.57%
95.51
-7.81%
103.61
Depreciation
98.60
+12.91%
87.33
-8.57%
95.51
-7.81%
103.61
Depreciation And Amortization
98.60
+12.91%
87.33
-8.57%
95.51
-7.81%
103.61
Other Non Cash Items
-1.11
-133.52%
3.31
+40.88%
2.35
+146.58%
-5.04
Stock Based Compensation
128.51
+7.25%
119.83
+1.13%
118.49
+3.10%
114.92
Provisionand Write Offof Assets
2.43
+207.89%
-2.26
-184.49%
-0.79
-114.52%
5.46
Asset Impairment Charge
0.00
0.00
-100.00%
16.23
0.00
Deferred Tax
4.99
+123.08%
-21.61
-17.86%
-18.34
+37.77%
-29.46
Deferred Income Tax
4.99
+123.08%
-21.61
-17.86%
-18.34
+37.77%
-29.46
Operating Gains Losses
-0.71
+65.05%
-2.02
-3271.67%
-0.06
—
Gain Loss On Sale Of PPE
—
—
—
0.00
Change In Working Capital
-17.01
+85.67%
-118.71
-152.13%
-47.08
+16.30%
-56.25
Change In Receivables
-1.78
+95.27%
-37.67
-178.28%
48.13
+700.52%
-8.01
Changes In Account Receivables
-18.46
+36.26%
-28.97
-160.63%
47.78
+433.79%
-14.31
Change In Inventory
8.02
+402.15%
-2.65
+79.93%
-13.23
-12.48%
-11.76
Change In Prepaid Assets
15.22
+856.23%
-2.01
-65.27%
-1.22
-113.90%
8.76
Change In Payables And Accrued Expense
22.85
+166.13%
-34.55
+33.95%
-52.31
-55.97%
-33.54
Change In Payable
—
—
—
—
Change In Account Payable
—
—
—
—
Change In Other Working Capital
-47.91
-236.46%
-14.24
+16.74%
-17.10
-312.88%
8.03
Change In Other Current Assets
-4.50
+46.50%
-8.42
+4.50%
-8.82
-3414.66%
0.27
Change In Other Current Liabilities
-8.91
+53.49%
-19.16
-656.30%
-2.53
+87.33%
-20.00
Investing Cash Flow
-10.59
+96.30%
-286.29
-628.16%
54.21
+118.32%
-295.94
Cash Flow From Continuing Investing Activities
-10.59
+96.30%
-286.29
-628.16%
54.21
+118.32%
-295.94
Net PPE Purchase And Sale
-36.35
-21.13%
-30.01
+1.09%
-30.34
+36.70%
-47.93
Purchase Of PPE
-36.35
-21.13%
-30.01
+1.09%
-30.34
+36.70%
-47.93
Capital Expenditure
-41.94
-39.77%
-30.01
+1.09%
-30.34
+48.97%
-59.46
Net Investment Purchase And Sale
15.84
-93.16%
231.59
+293.58%
58.84
+129.67%
-198.31
Purchase Of Investment
-0.07
+99.95%
-160.20
+7.38%
-172.96
+45.32%
-316.31
Sale Of Investment
15.91
-95.94%
391.79
+69.02%
231.80
+96.43%
118.00
Net Business Purchase And Sale
-1.36
+99.72%
-487.88
-1998.13%
25.70
+167.34%
-38.17
Purchase Of Business
—
—
—
-38.17
Net Intangibles Purchase And Sale
-5.59
0.00
0.00
+100.00%
-11.53
Purchase Of Intangibles
-5.59
0.00
0.00
+100.00%
-11.53
Net Other Investing Changes
16.88
—
—
—
Financing Cash Flow
-247.24
+14.10%
-287.81
-21.54%
-236.81
+61.21%
-610.56
Cash Flow From Continuing Financing Activities
-247.24
+14.10%
-287.81
-21.54%
-236.81
+61.21%
-610.56
Net Common Stock Issuance
-118.53
+25.39%
-158.87
-19.78%
-132.64
+73.94%
-509.06
Common Stock Payments
-162.23
+18.51%
-199.08
-10.34%
-180.42
+68.17%
-566.90
Common Stock Dividend Paid
-126.60
-10.49%
-114.58
-10.80%
-103.41
-3.34%
-100.07
Cash Dividends Paid
-126.60
-10.49%
-114.58
-10.80%
-103.41
-3.34%
-100.07
Repurchase Of Capital Stock
-162.23
+18.51%
-199.08
-10.34%
-180.42
+68.17%
-566.90
Net Other Financing Charges
-2.11
+85.32%
-14.36
-1774.93%
-0.77
+46.62%
-1.44
Changes In Cash
214.37
+186.84%
-246.85
-233.81%
184.47
+131.38%
-587.92
Effect Of Exchange Rate Changes
1.24
-81.40%
6.64
+29.69%
5.12
+130.58%
-16.74
Beginning Cash Position
577.75
-29.37%
817.97
+30.17%
628.37
-49.04%
1,233.03
End Cash Position
793.36
+37.32%
577.75
-29.37%
817.97
+30.17%
628.37
Free Cash Flow
430.26
+44.75%
297.25
-11.73%
336.74
+29.96%
259.12
Income Tax Paid Supplemental Data
73.74
+16.64%
63.22
+2.82%
61.48
+52.41%
40.34
Amortization Of Securities
0.00
+100.00%
-2.92
-239.42%
-0.86
-159.72%
1.44
Common Stock Issuance
43.70
+8.69%
40.20
-15.86%
47.78
-17.40%
57.85
Earnings Losses From Equity Investments
-0.71
+65.05%
-2.02
-3271.67%
-0.06
—
Issuance Of Capital Stock
43.70
+8.69%
40.20
-15.86%
47.78
-17.40%
57.85
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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