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DLBDolby Laboratories, Inc.
$64.83$6.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
DLB logo

Dolby Laboratories, Inc.

DLB
NYSE · Enterprise Software
$64.83
At close - Nov 6, 4:00 PM EST - USD
Market Cap$6.17B
P/E27.1x
52W High$69.95
Volume533.61K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Fortress Balance Sheet Masks Stagnant Licensing Growth

Dolby's core licensing franchise remains highly cash-generative, with gross margins consistently above 86% and cumulative operating cash flow of $1.0B over the past ten quarters exceeding net income of $626M.

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

DLB price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+14% Peers

P/E is 14% above peer median

03

Market leadership

RS 79 · Avg

Average momentum (RS Rating: 79)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 17

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
DLB+3.75%
S&P 500 (^GSPC)+7.63%
1-Year Return
DLB+1.94%
S&P 500 (^GSPC)+9.69%
3-Year Return
DLB-19.17%
S&P 500 (^GSPC)+68.78%
5-Year Return
DLB-21.12%
S&P 500 (^GSPC)+56.82%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
27.1x
Forward P/EExpansion
15.0x
EV/EBITDA0th %ile
15.8x
FCF YieldCash Flow
5.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
27.1x
31.1x
0th· Low
EV/EBITDA
15.8x
19.4x
0th· Low
Price/FCF
17.9x
24.6x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$43.59-32.8%
Base (Fair)$67.49+4.1%
Bull$89.20+37.6%
$43.59 Bear$67.49 Base$89.20 Bull
Current Market Price: $64.83
Trades at a 3.9% discount to Base DCF ($67.49)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.35B+5.9% YoY
Net income FY25
$255M-2.6% YoY
Free cash flow FY25
$430M+44.7% YoY
Operating margin FY25
19.6%-1.1 pts YoY
ROIC (FY25)10.1%
Avg ROIC 5Y12.3%
ROE (TTM)8.7%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$0.69+2.8%
vs $0.67
$305M-2.2%
vs $312M
Q2 2026
Apr 30, 2026
$1.37+4.6%
vs $1.31
$396M+2.5%
vs $386M
Q1 2026
Jan 29, 2026
$1.06+6.7%
vs $0.99
$347M+1.6%
vs $341M
Q4 2025
Nov 18, 2025
$0.99+41.6%
vs $0.70
$307M+0.4%
vs $306M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 12, 2026
Dolby Laboratories Announces Conference Call and Webcast for Q4 Fiscal 2026 Financial Results

SAN FRANCISCO, Oct. 12, 2026 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment, will release financial results for the fourth quarter (Q4) and full year fiscal 2026 after the close of regular trading on Tuesday, November 17, 2026. Members of Dolby management will lead a conference call open to all interested parties to discuss Q4 fiscal year 2026 financial results for Dolby Laboratories at 2:00 p.m.

Defense World·Oct 12, 2026
Dolby Laboratories (NYSE:DLB) & Palo Alto Networks (NASDAQ:PANW) Financial Contrast

Dolby Laboratories (NYSE: DLB - Get Free Report) and Palo Alto Networks (NASDAQ: PANW - Get Free Report) are both technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, earnings, risk, dividends and analyst recommendations. Risk and Volatility Dolby Laboratories has a

Defense World·Oct 7, 2026
Analyzing Dolby Laboratories (NYSE:DLB) & Aware (NASDAQ:AWRE)

Dolby Laboratories (NYSE: DLB - Get Free Report) and Aware (NASDAQ: AWRE - Get Free Report) are both technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, earnings, risk, profitability and valuation. Profitability This table compares Dolby Laboratories and Aware's net

Seeking Alpha·Oct 5, 2026
Dolby Laboratories: Weak Growth, But The Valuation Is Too Cheap

Dolby Laboratories is rated Buy due to its high margins, robust buyback program, and undervalued share price despite weak growth. DLB's 90% gross margin and operating leverage enable EPS growth even with modest revenue increases and stagnant licensing. Share repurchases—authorized up to $427 million—could alone drive EPS to levels supporting a 15x multiple and 20%+ upside.

Filtered for Dolby Laboratories, Inc.More Headlines
04

Compare before deciding

Benchmark DLB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Dolby Laboratories, Inc. (DLB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DLB logoDLBDolby Laboratories, Inc.Current
$64.83$6.17B27.095.92%16.7%8.65%2%
IRDM logoIRDMIridium Communications Inc.
$44.04$4.67B29.424.93%18.06%32.93%1.32%
IPGP logoIPGPIPG Photonics Corporation
$65.31$2.77B69.312.73%3.65%1.89%—
QCOM logoQCOMQUALCOMM Incorporated
$165.41$173.68B13.02-2.63%31.6%50.28%2.17%
IDCC logoIDCCInterDigital, Inc.
$285.28$7.37B31.00-3.97%38.53%27.05%0.62%
VIA logoVIAVia Transportation, Inc.
$37.72$2.92B-31.1428.64%-20.04%-16.13%—

Compare DLB vs Peers

Dolby Laboratories, Inc. (DLB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IRDM

Most directly comparable listed peer for DLB.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare DLB against a more recognizable public peer.

Peer Set

Compare Top 5

vs IRDM, IPGP, QCOM, IDCC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

DLB SEC Filings & Documents

Dolby Laboratories, Inc. (DLB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Feb 6, 2026·SEC

10-K Annual Reports

3
FY 2025

Nov 18, 2025·SEC

FY 2024

Nov 19, 2024·SEC

FY 2023

Nov 17, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2026

Jan 29, 2026·SEC

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DLB Frequently Asked Questions

Dolby Laboratories, Inc. (DLB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Dolby Laboratories, Inc.'s revenue?

Dolby Laboratories, Inc. (DLB) reported $1.35B in revenue in fiscal year 2025, which is also its trailing twelve months. That is 520% more than the $217.5M of fiscal year 2003.

How fast is Dolby Laboratories, Inc. growing?

Dolby Laboratories, Inc. (DLB) grew revenue by 0.6% over the trailing twelve months, compared with the twelve months before.

Is DLB profitable?

Yes. Dolby Laboratories, Inc. (DLB) earned $226.2M in net income over the trailing twelve months (a 16.7% net margin).

Dividend & Returns
Does DLB pay dividends?

Yes. Dolby Laboratories, Inc. (DLB) pays a dividend that yields 2.00% at the current price, a moderate yield.

What is DLB's return on equity?

Dolby Laboratories, Inc. (DLB) had a return on equity (ROE) of 8.7% over the trailing twelve months. That is below the market's typical 10-15%.

What is Dolby Laboratories, Inc.'s free cash flow?

Dolby Laboratories, Inc. (DLB) generated $344.5M in free cash flow over the trailing twelve months.

What if you invested $1,000 in DLB back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →