Stocks · Technology · Software - Application
Dolby Laboratories, Inc. DLB
$58.89 -0.29% Close, Oct 2, 2026 · NYSE · Market cap $5.60B
High qualityInexpensive vs sectorLow risk
Next earnings report: Nov 17, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 12 quarters (average surprise over the last four: +13.9%).
- The shares trade at 25.1× trailing earnings, lower than 90% of the company's own readings over the past five years.
- The company holds net cash of $621.9M (cash above total debt).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 19%
- EPS growth (TTM, YoY)Bottom 28%
- FCF growth (TTM, YoY)Bottom 20%
- Revenue growth, 3-year CAGRBottom 38%
- Revenue growth accelerationBottom 20%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 37%
- Gross marginTop 2%
- Operating marginTop 18%
- Cash conversion (OCF / net income)Top 41%
- Accruals (lower is better)Top 49%
- Net debt / EBITDA (lower is better)Top 22%
- Interest coverTop 9%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 23%
- Free-cash-flow yieldTop 28%
- EBITDA / enterprise valueTop 22%
- Sales / enterprise valueTop 46%
- P/E vs own 5-year history (lower is better)Top 18%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 36%
- 6-month returnBottom 23%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highTop 32%
- Trend checklist (0–4)Bottom 26%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 37%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyBottom 25%
- Upside to consensus price targetTop 28%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 13%
- Maximum drawdown, 3 yearsTop 20%
- Beta vs S&P 500 (lower is better)Top 11%
- Net debt / EBITDA (lower is better)Top 22%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.4% | 0.6% | ↓ |
| EPS growth (YoY) | -4.5% | -13.9% | ↓ |
| Gross margin | 88.5% | 87.6% | ↓ |
| Operating margin | 21.5% | 18.1% | ↓ |
| FCF margin | 32.5% | 25.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.6% | 3.4% | ↓ | Bottom 19% |
| EPS growth (TTM, YoY) | -13.9% | -4.5% | ↓ | Bottom 28% |
| Gross margin | 87.6% | 88.5% | ↓ | Top 2% |
| Operating margin | 18.1% | 21.5% | ↓ | Top 18% |
| Net margin | 16.7% | 19.6% | ↓ | — |
| Free-cash-flow margin | 25.4% | 32.5% | ↓ | — |
| Return on invested capital | 7.3% | — | Top 37% | |
| Revenue growth, 3-year CAGR | 2.5% | — | Bottom 38% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.93×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -1.67×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 59.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.40%
- Net buyback yield (TTM)
- 4.27%
- Shareholder yield
- 6.67%
- Share count change, 1 year
- -2.5%
- Share count change, 3-year CAGR
- -1.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 26, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 12
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +13.9%
- Average 2-day reaction, last 8
- +0.2%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $90.33
- Target vs current price
- +53.4%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 47%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +2.8% | -1.4% | +16.8% | +23.6% | — |
| Apr 30, 2026 | +4.6% | +1.4% | -8.3% | -12.6% | -19.0% |
| Jan 29, 2026 | +6.7% | +3.0% | +5.4% | +6.9% | +4.7% |
| Nov 18, 2025 | +41.6% | +0.6% | +3.4% | +3.5% | +2.3% |
| Jul 31, 2025 | +8.3% | -0.5% | -4.5% | -3.9% | -10.7% |
| May 1, 2025 | +3.9% | -0.8% | -4.4% | -2.3% | -0.8% |
| Jan 29, 2025 | +6.5% | +0.0% | +4.7% | +1.2% | -6.0% |
| Nov 19, 2024 | +15.7% | -0.6% | +12.5% | +10.0% | +18.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.69 | $0.67 | +2.8% | $305.0M |
| Apr 30, 2026 | $1.37 | $1.31 | +4.6% | $395.6M |
| Jan 29, 2026 | $1.06 | $0.99 | +6.7% | $346.7M |
| Nov 18, 2025 | $0.99 | $0.70 | +41.6% | $307.0M |
| Jul 31, 2025 | $0.78 | $0.72 | +8.3% | $315.5M |
| May 1, 2025 | $1.34 | $1.29 | +3.9% | $369.6M |
| Jan 29, 2025 | $1.14 | $1.07 | +6.5% | $357.0M |
| Nov 19, 2024 | $0.81 | $0.70 | +15.7% | $304.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.1× | 33.4× | 10th | Top 23% |
| P/E (forward) | 13.6× | — | — | — |
| EV / EBITDA | 13.4× | — | — | Top 22% |
| EV / Sales | 3.68× | — | — | Top 46% |
| Free-cash-flow yield | 6.15% | — | — | Top 28% |
| Earnings yield | 3.99% | — | — | Top 23% |
P/E over the past five years
Range 22.0× – 44.7× since Jun 25, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -18.4%
- Earnings per share growth (TTM)
- -13.9%
- Change in P/E multiple
- -20.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +6.5%
- 200-day average slope (20 days)
- -1.2%
- Distance from 50-day average
- -2.0%
- Distance from 200-day average
- -1.4%
- RSI (14)
- 47.0
- Relative volume
- 0.67×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 36.7%
- Volatility vs own 5-year history
- 97th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.76
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -19.0%
- Maximum drawdown, 3 years
- -45.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 4, 2021 | Jul 14, 2026 | -53.1% | 1303 days | Not yet recovered |
| Jan 7, 2021 | Jan 27, 2021 | -10.9% | 13 days | 18 days (Feb 23, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.60B
- P/E (TTM)
- 25.1
- EPS, diluted (TTM)
- $2.35
- Revenue (TTM)
- $1.35B
- Dividend yield
- 2.45%
- 52-week range
- $48.26 – $72.96
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.28B | $1.25B | $1.30B | $1.27B | $1.35B |
| Gross profit | $1.15B | $1.11B | $1.15B | $1.13B | $1.19B |
| Operating income | $340.8M | $217.2M | $262.8M | $264.7M | $265.0M |
| Net income | $310.2M | $184.1M | $200.7M | $261.8M | $255.0M |
| EPS (diluted) | $2.97 | $1.81 | $1.96 | $2.69 | $2.62 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $304.8M | $357.0M | $369.6M | $315.5M | $307.0M | $346.7M | $395.6M | $305.0M |
| Net income | $58.6M | $67.8M | $91.8M | $46.1M | $49.3M | $53.3M | $94.9M | $28.6M |
| EPS (diluted) | $0.61 | $0.70 | $0.94 | $0.48 | $0.51 | $0.55 | $0.99 | $0.30 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $447.8M | $318.6M | $367.1M | $327.3M | $472.2M |
| Capital expenditure | -$54.5M | -$59.5M | -$30.3M | -$30.0M | -$41.9M |
| Free cash flow | $393.3M | $259.1M | $336.7M | $297.2M | $430.3M |
| Dividends paid | -$89.2M | -$100.1M | -$103.4M | -$114.6M | -$126.6M |
| Net share buybacks | -$156.0M | -$509.1M | -$132.6M | -$158.9M | -$118.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $670.0M
- Total assets
- $3.16B
- Total liabilities
- $563.9M
- Total debt
- $47.5M
- Net debt
- -$621.9M
- Shareholders’ equity
- $2.58B
As of Jun 26, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 11, 2026 | $0.36 | Aug 19, 2026 |
| May 12, 2026 | $0.36 | May 20, 2026 |
| Feb 10, 2026 | $0.36 | Feb 18, 2026 |
| Dec 2, 2025 | $0.36 | Dec 10, 2025 |
| Aug 12, 2025 | $0.33 | Aug 20, 2025 |
| May 13, 2025 | $0.33 | May 21, 2025 |
| Feb 11, 2025 | $0.33 | Feb 19, 2025 |
| Dec 3, 2024 | $0.33 | Dec 10, 2024 |
Short interest
- Shares sold short
- 5,530,847
- Days to cover
- 6.01
- Change vs previous report
- -0.0%
FINRA short interest, settlement date Sep 15, 2026.