Dolby Laboratories (DLB)
Information Technology · Media technology and audio/video IP licensing
A patent and standards licensor of audio (Dolby Atmos) and video (Dolby Vision) technologies embedded in consumer electronics and streaming content globally.
What Dolby Laboratories does
Dolby Laboratories licenses audio and video technologies to manufacturers of consumer electronics, content creators, and service providers. The company generates revenue primarily through licensing fees for audio and video encoding/decoding patents and standards (Dolby Digital, Dolby Digital Plus, Dolby Atmos, Dolby Vision, and others), along with smaller product and service revenue streams. Its technology IP is embedded across televisions, mobile devices, streaming platforms, cinema equipment, and other CE devices globally.
Themes: ["audio/video licensing","audio technologies (immersive sound)","video standards and HDR","consumer electronics","streaming media","digital cinema"]
Fundamentals
- Price$50.12 as of 2026-07-09 close
- Market cap$4.7B as of 2026-07-10
- 1-year return-34.0% as of 2026-07-09 close
- P/E19.22 as of 2026-07-10
- Net margin+17.9% as of 2026-07-10
- Gross margin+87.4% as of 2026-07-10
- ROE+9.3% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+3.4% as of 2026-07-10
- Revenue CAGR (3y)+2.5% SEC XBRL
- Beta0.82 as of 2026-07-10
Dividend: yield +2.9%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on adoption of Dolby technologies by CE manufacturers and content platforms; shifts in industry standards (e.g., alternative codecs or formats) could reduce licensing demand","Licensing revenue concentration among large OEMs and streaming services; loss of major licensees or renegotiation of license terms could materially impact revenue","Intense competition and potential commoditization of audio/video technologies; royalty rate pressure as alternatives gain market acceptance"]
Competitors & peers
- DTS (now Xperi/TiVo)
- Qualcomm (audio/video codec IP)
- Fraunhofer Society (MP3, AAC standardization)
- Microsoft (Windows Media Audio/Video)
- Apple (audio/video technologies)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.