Filing Flows › Dolby Laboratories (DLB) › Q2 FY26 › vs Q1 FY26
Dolby Laboratories (DLB) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Dolby Laboratories's revenue rose $48.9M (+14%) from $347M in Q1 FY26 to $396M in Q2 FY26. The biggest changes: Licensing +$52.5M (+16%); Products and services −$3.5M (-13%). Gross margin 88.7% against 87.5% (+1.2 pts).
Dolby Laboratories, Q2 FY26: revenue $396M (+7% year over year), operating margin 28.5%, net earnings $94.9M, operating cash flow $92.5M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 88.7% | 87.5% | +1.2 pts |
| Operating margin | 28.5% | 17.9% | +10.6 pts |
| Net margin | 24.0% | 15.4% | +8.6 pts |
| Free cash flow margin | 21.1% | 14.5% | +6.6 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Broadcast | $119M | $100M | $18.9M | +19% |
| Mobile | $94.2M | $74.9M | $19.3M | +26% |
| PC | $59.5M | $28.7M | $30.7M | +107% |
| Other | $58.4M | $70.2M | −$11.8M | -17% |
| CE | $40.9M | $45.6M | −$4.7M | -10% |
| Licensing | $372M | $320M | $52.5M | +16% |
| Products and services | $23.4M | $26.9M | −$3.5M | -13% |
| Revenue | $396M | $347M | $48.9M | +14% |
| Gross profit | $351M | $303M | $47.4M | +16% |
| Cost of revenue | $44.7M | $43.2M | $1.5M | +4% |
| Other income, net | $6.8M | $9.4M | −$2.7M | -28% |
| Operating profit | $113M | $62.2M | $50.8M | +82% |
| Operating expenses | $238M | $241M | −$3.4M | -1% |
| Pre-tax earnings | $120M | $71.6M | $48.1M | +67% |
| Research & development | $63.7M | $69.1M | −$5.4M | -8% |
| Sales & marketing | $96.2M | $91.6M | $4.6M | +5% |
| General & admin | $76.0M | $70.2M | $5.7M | +8% |
| Other operating costs | $2.2M | $10.5M | −$8.3M | -79% |
| Net earnings | $94.9M | $53.3M | $41.6M | +78% |
| Minority interests | $539K | $354K | $185K | +52% |
| Income tax | $24.2M | $17.9M | $6.3M | +35% |
| Depreciation & amortization | $24.1M | $24.1M | −$48K | -0.2% |
| Share-based compensation | $30.7M | $37.2M | −$6.5M | -17% |
| Working capital & other | $57.2M | $59.9M | −$2.7M | -4% |
| Operating cash flow | $92.5M | $54.8M | $37.7M | +69% |
| Free cash flow (OCF − capex) | $83.4M | $50.2M | $33.3M | +66% |
| Capital expenditures | $9.1M | $4.6M | $4.4M | +96% |
Questions
How much did Dolby Laboratories's revenue grow quarter over quarter in Q2 FY26?
Dolby Laboratories's revenue rose $48.9M (+14%) from $347M in Q1 FY26 to $396M in Q2 FY26.
What drove Dolby Laboratories's revenue change in Q2 FY26?
Licensing +$52.5M (+16%); Products and services −$3.5M (-13%).