Dolby Laboratories, Inc. (DLB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 395.63M | 346.71M | 307.02M | 315.55M | 369.56M | 357M | 304.81M | 288.82M | 364.52M | 315.57M | 290.56M | 298.37M | 375.89M | 334.92M | 278.2M | 289.58M | 334.37M | 351.63M | 285.02M | 286.8M |
| Revenue Growth % | 7.05% | -2.88% | 0.73% | 9.25% | 1.38% | 13.13% | 4.9% | -3.2% | -3.02% | -5.78% | 4.44% | 3.03% | 12.42% | -4.75% | -2.39% | 0.97% | 4.64% | -9.81% | 5.1% | 16.16% |
| Cost of Goods Sold | 44.73M | 43.21M | 39.52M | 44M | 35.84M | 40.77M | 34M | 35.66M | 38.78M | 32.06M | 35.55M | 41.52M | 41.05M | 34.45M | 37.18M | 35.96M | 35.52M | 32.71M | 30.7M | 31.64M |
| COGS % of Revenue | 11.31% | 12.46% | 12.87% | 13.94% | 9.7% | 11.42% | 11.15% | 12.35% | 10.64% | 10.16% | 12.24% | 13.91% | 10.92% | 10.29% | 13.36% | 12.42% | 10.62% | 9.3% | 10.77% | 11.03% |
| Gross Profit | 350.9M | 303.5M | 267.5M | 271.54M | 333.72M | 316.23M | 270.81M | 253.16M | 325.75M | 283.51M | 255.01M | 256.86M | 334.84M | 300.47M | 241.03M | 253.63M | 298.86M | 318.92M | 254.33M | 255.16M |
| Gross Margin % | 88.69% | 87.54% | 87.13% | 86.06% | 90.3% | 88.58% | 88.85% | 87.65% | 89.36% | 89.84% | 87.76% | 86.09% | 89.08% | 89.71% | 86.64% | 87.58% | 89.38% | 90.7% | 89.23% | 88.97% |
| Gross Profit Growth % | 5.15% | -4.02% | -1.22% | 7.26% | 2.45% | 11.54% | 6.2% | -1.44% | -2.72% | -5.64% | 5.8% | 1.27% | 12.04% | -5.79% | -5.23% | -0.6% | 4.07% | -10.05% | 11.19% | 17.57% |
| Operating Expenses | 235.77M | 241.34M | 237.83M | 223.91M | 221.75M | 231.13M | 225.75M | 212.29M | 219.27M | 211.2M | 227.91M | 224.24M | 225.59M | 206.63M | 209.34M | 207.09M | 250.34M | 228.44M | 214.63M | 198.92M |
| OpEx % of Revenue | 59.59% | 69.61% | 77.46% | 70.96% | 60% | 64.74% | 74.06% | 73.5% | 60.15% | 66.93% | 78.44% | 75.16% | 60.01% | 61.69% | 75.25% | 71.51% | 74.87% | 64.96% | 75.3% | 69.36% |
| Selling, General & Admin | 172.12M | 161.79M | 164.24M | 158.47M | 160.04M | 164.49M | 157.11M | 146.79M | 156.78M | 144.17M | 157.48M | 155.55M | 157.63M | 142.18M | 147.27M | 144.23M | 182.92M | 159.61M | 152.66M | 136.83M |
| SG&A % of Revenue | 43.5% | 46.67% | 53.49% | 50.22% | 43.31% | 46.08% | 51.54% | 50.83% | 43.01% | 45.68% | 54.2% | 52.13% | 41.94% | 42.45% | 52.93% | 49.8% | 54.71% | 45.39% | 53.56% | 47.71% |
| Research & Development | 63.65M | 69.08M | 67.47M | 65.98M | 61.71M | 66.64M | 68.64M | 65.5M | 62.49M | 67.03M | 70.43M | 68.7M | 67.95M | 64.45M | 62.07M | 62.86M | 67.42M | 68.82M | 61.97M | 62.09M |
| R&D % of Revenue | 16.09% | 19.92% | 21.97% | 20.91% | 16.7% | 18.67% | 22.52% | 22.68% | 17.14% | 21.24% | 24.24% | 23.02% | 18.08% | 19.24% | 22.31% | 21.71% | 20.16% | 19.57% | 21.74% | 21.65% |
| Other Operating Expenses | 0 | 1000K | 1000K | -547K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 115.13M | 62.16M | 29.68M | 47.64M | 111.97M | 85.1M | 45.06M | 40.86M | 106.47M | 72.31M | 27.1M | 32.61M | 109.26M | 93.84M | 31.69M | 46.54M | 48.51M | 90.49M | 39.7M | 56.23M |
| Operating Margin % | 29.1% | 17.93% | 9.67% | 15.1% | 30.3% | 23.84% | 14.78% | 14.15% | 29.21% | 22.91% | 9.33% | 10.93% | 29.07% | 28.02% | 11.39% | 16.07% | 14.51% | 25.73% | 13.93% | 19.61% |
| Operating Income Growth % | 2.82% | -26.95% | -34.14% | 16.59% | 5.17% | 17.68% | 66.28% | 25.3% | -2.55% | -22.94% | -14.47% | -29.93% | 125.22% | 3.71% | -20.18% | -17.23% | -42.2% | -43.76% | 32.24% | 57.68% |
| EBITDA | 141.98M | 88.97M | 54.25M | 72.04M | 136.4M | 110.29M | 69.45M | 62.07M | 127.25M | 93.27M | 51.36M | 56.91M | 133.85M | 116.21M | 54.26M | 73.8M | 74.88M | 117.91M | 64.86M | 79.53M |
| EBITDA Margin % | 35.89% | 25.66% | 17.67% | 22.83% | 36.91% | 30.89% | 22.78% | 21.49% | 34.91% | 29.56% | 17.68% | 19.08% | 35.61% | 34.7% | 19.5% | 25.48% | 22.39% | 33.53% | 22.76% | 27.73% |
| EBITDA Growth % | 4.09% | -19.33% | -21.88% | 16.06% | 7.19% | 18.25% | 35.22% | 9.05% | -4.93% | -19.74% | -5.34% | -22.88% | 78.76% | -1.44% | -16.35% | -7.21% | -31.41% | -35.59% | 13.79% | 34.01% |
| D&A (Non-Cash Add-back) | 26.85M | 26.81M | 24.57M | 24.4M | 24.43M | 25.2M | 24.38M | 21.21M | 20.78M | 20.96M | 24.26M | 24.3M | 24.59M | 22.36M | 22.57M | 27.25M | 26.36M | 27.42M | 25.16M | 23.3M |
| EBIT | 119.7M | 75.72M | 35.8M | 47.09M | 120.25M | 86.05M | 59.73M | 50.16M | 121.75M | 80.83M | 9.03M | 23.76M | 117.28M | 99.98M | 30.97M | 49.41M | 43.45M | 91.44M | 43.06M | 59.13M |
| Net Interest Income | 5.02M | -4.12M | 5.06M | 4.11M | 3.56M | 2.65M | 6.85M | 9.44M | 8.6M | 9.19M | 9.28M | 7.32M | 6.77M | 4.88M | 3.34M | 1.42M | 1.1M | 716K | 816K | 741K |
| Interest Income | 5.02M | 0 | 5.06M | 4.11M | 3.56M | 2.65M | 6.85M | 9.44M | 8.6M | 9.19M | 9.28M | 7.32M | 6.77M | 4.88M | 3.34M | 1.42M | 1.1M | 716K | 816K | 741K |
| Interest Expense | 0 | 4.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 4.57M | 9.44M | 11.99M | 7.88M | 8.28M | 955K | 14.67M | 9.3M | 15.28M | 8.52M | -18.07M | -8.85M | 8.02M | 6.14M | -714K | 2.87M | -5.06M | 956K | 3.36M | 2.89M |
| Pretax Income | 119.7M | 71.6M | 41.67M | 55.52M | 120.25M | 86.05M | 59.73M | 50.16M | 121.75M | 80.83M | 9.03M | 23.76M | 117.28M | 99.98M | 30.97M | 49.41M | 43.45M | 91.44M | 43.06M | 59.13M |
| Pretax Margin % | 30.26% | 20.65% | 13.57% | 17.59% | 32.54% | 24.1% | 19.6% | 17.37% | 33.4% | 25.61% | 3.11% | 7.96% | 31.2% | 29.85% | 11.13% | 17.06% | 12.99% | 26% | 15.11% | 20.62% |
| Income Tax | 24.25M | 17.92M | -7.99M | 8.97M | 28.02M | 17.98M | 868K | 10.51M | 23.53M | 13.25M | -875K | 7.35M | 21.4M | 20.53M | 3.21M | 9.8M | 6.93M | 11.43M | -1.17M | 4.57M |
| Effective Tax Rate % | 20.25% | 25.03% | -19.17% | 16.16% | 23.3% | 20.9% | 1.45% | 20.95% | 19.33% | 16.39% | -9.69% | 30.95% | 18.25% | 20.54% | 10.38% | 19.84% | 15.95% | 12.5% | -2.72% | 7.72% |
| Net Income | 94.92M | 53.33M | 49.33M | 46.07M | 91.79M | 67.82M | 58.57M | 38.44M | 97.83M | 66.98M | 9.19M | 16.4M | 95.7M | 79.38M | 27.76M | 39.6M | 36.72M | 80.01M | 44.19M | 54.62M |
| Net Margin % | 23.99% | 15.38% | 16.07% | 14.6% | 24.84% | 19% | 19.22% | 13.31% | 26.84% | 21.23% | 3.16% | 5.5% | 25.46% | 23.7% | 9.98% | 13.67% | 10.98% | 22.75% | 15.5% | 19.05% |
| Net Income Growth % | 3.4% | -21.37% | -15.77% | 19.84% | -6.17% | 1.26% | 537.6% | 134.43% | 2.23% | -15.61% | -66.9% | -58.59% | 160.61% | -0.8% | -37.19% | -27.51% | -51.82% | -40.82% | 64.71% | -18.82% |
| Net Income (Continuing) | 95.45M | 53.68M | 49.65M | 46.54M | 92.23M | 68.07M | 58.87M | 39.66M | 98.21M | 67.58M | 9.91M | 16.41M | 95.88M | 79.45M | 27.76M | 39.61M | 36.52M | 80.01M | 44.23M | 54.56M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9.14M | 9.2M | 9.39M | 9.52M | 9.35M | 9.06M | 9.73M | 14.58M | 16.79M | 16.46M | 17.08M | 16.48M | 5.21M | 4.95M | 4.84M | 5.16M | 5.42M | 4.77M | 6.25M | 6.3M |
| EPS (Diluted) | 0.99 | 0.55 | 0.51 | 0.48 | 0.94 | 0.70 | 0.61 | 0.40 | 1.01 | 0.69 | 0.09 | 0.17 | 0.98 | 0.82 | 0.28 | 0.39 | 0.36 | 0.77 | 0.42 | 0.52 |
| EPS Growth % | 5.32% | -21.43% | -16.39% | 20% | -6.93% | 1.45% | 577.78% | 135.29% | 3.06% | -15.85% | -67.86% | -56.41% | 172.22% | 6.49% | -33.33% | -25% | -50.68% | -40.77% | 61.54% | -21.21% |
| EPS (Basic) | 1.00 | 0.56 | 0.52 | 0.48 | 0.95 | 0.71 | 0.61 | 0.40 | 1.02 | 0.70 | 0.10 | 0.17 | 1.00 | 0.83 | 0.29 | 0.40 | 0.36 | 0.79 | 0.44 | 0.54 |
| Diluted Shares Outstanding | 95.52M | 96.52M | 96.85M | 96.9M | 97.47M | 97.15M | 96.59M | 96.96M | 96.86M | 97.44M | 97.68M | 97.46M | 97.3M | 97.05M | 98.46M | 101.47M | 102.71M | 103.8M | 104.37M | 104.63M |
| Basic Shares Outstanding | 95.22M | 95.47M | 95.63M | 95.9M | 96.33M | 95.61M | 95.39M | 95.69M | 95.72M | 95.38M | 95.7M | 95.66M | 95.82M | 95.91M | 97.08M | 100.21M | 101.34M | 101.23M | 101.23M | 101.35M |
| Dividend Payout Ratio | 36.17% | 64.39% | 64.03% | 68.66% | 34.67% | 46.52% | 48.84% | 74.66% | 29.35% | 42.63% | 281.11% | 157.59% | 27.04% | 32.59% | 87.37% | 63.48% | 69.17% | 31.6% | 50.44% | 40.84% |