Dolby Laboratories

Q3 FY2026 EarningsQ3 FY26 results missed consensus across key metrics, with revenue of $305M vs. $312M expected (-2.24% variance) and normalized EPS of $0.69 vs. $0.67 expected, primarily due to lower-than-anticipated PC and Mobile licensing royalties. Despite the top-line miss, the company showed resilience in non-GAAP margins and provided strong Q4 revenue guidance of $362M–$392M, significantly above the prior $312M average expectation. An increased $350M share repurchase authorization highlights management's confidence in long-term AI-driven and video distribution growth areas.