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Dolby Laboratories (DLB) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 30, 2026
Dolby Laboratories (DLB) reported revenue of $396M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +14% from the quarter before. Operating margin was 28.5%, net earnings $94.9M (24.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +14% | +7% |
| Gross profit | $351M | +16% | +5% |
| Operating profit | $113M | +82% | +5% |
| Net earnings | $94.9M | +78% | +3% |
| Operating cash flow | $92.5M | +69% | -47% |
| Free cash flow | $83.4M | +66% | -50% |
What changed
Revenue was $395.6M in Q2 FY26, up 7% year over year and up 14% from the previous quarter. Broadcast was the largest line at 30% of revenue. Broadcast added $24.9M year over year (up 26%), 96% of the total change. Mobile declined 6%.
Gross margin was 88.7%, down 1.6 points from Q2 FY25. Operating profit was $112.9M, a 28.5% margin (down 0.6 points year over year). Of the extra revenue versus Q2 FY25, 20% reached operating profit, below the 29% margin then. Operating expenses grew 5% against revenue growth of 7%. Net earnings were $94.9M, up 3% year over year. The effective tax rate was 20.3%.
Operating cash flow was $92.5M (down 47% year over year), 97% of net earnings. Non-cash charges added back $24.1M of depreciation and amortization and $30.7M of share-based compensation. Working capital and other items used $57.8M. Capital expenditures of $9.1M left free cash flow of $83.4M.
Questions
What was Dolby Laboratories' revenue in the second quarter fiscal 2026?
Dolby Laboratories (DLB) reported revenue of $396M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +14% from the quarter before.
Was Dolby Laboratories profitable in the second quarter fiscal 2026?
Operating profit was $113M (28.5% of revenue) and net earnings $94.9M.
Source: Dolby Laboratories 10-Q on SEC EDGAR.