Every material Form 8-K Dolby has filed with the SEC since November 16, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dolby Laboratories appointed Marc Whitten as President, Chief Executive Officer and a board member, effective August 27, 2026, succeeding Kevin Yeaman, who retired from those roles on the same date. Yeaman will provide consulting services through the end of calendar 2027, and the filing describes Whitten's pay package, which includes a $1,000,000 base salary, a $2,100,000 sign-on bonus and performance-based equity tied to stock-price hurdles.
Whitten's annual salary is $1,000,000, with a target bonus of 100% of base salary beginning in fiscal 2027.
Whitten receives a $2,100,000 sign-on bonus, subject to prorated repayment if he leaves within 24 months, other than for Good Reason or Cause.
Whitten's new hire awards include a 600,000-unit performance-based RSU award with stock-price hurdles from $75 to $175.
Yeaman will receive $40,000 per month for six months as a consultant and his outstanding equity awards will continue to vest.
Dolby reported fiscal third-quarter 2026 total revenue of $305 million, down from $316 million a year earlier, and GAAP diluted EPS of $0.30 versus $0.48. For shareholders, lower revenue and profit were reported alongside a $350 million increase in the stock repurchase authorization, to about $427 million, and a $0.36 per share cash dividend.
Total revenue was $305 million vs. $316 million in Q3 fiscal 2025; GAAP net income was $29 million vs. $46 million.
Non-GAAP diluted EPS was $0.69 vs. $0.78 in the year-earlier quarter.
Fourth-quarter fiscal 2026 total revenue is guided to $362 million to $392 million; full-year total revenue to $1.41 billion to $1.44 billion.
Board increased the repurchase program by $350 million to about $427 million; $0.36 dividend payable August 19, 2026.
Dolby reported fiscal second-quarter 2026 total revenue of $396 million, up from $370 million a year earlier, and GAAP diluted EPS of $0.99 versus $0.94. The company also set fiscal 2026 revenue guidance of $1.40 billion to $1.45 billion and declared a $0.36 per-share dividend, but the filing does not state prior guidance, so direction versus earlier outlook cannot be confirmed.
Total revenue $396 million vs. $370 million; licensing revenue $372 million vs. $346 million
GAAP diluted EPS $0.99 vs. $0.94; non-GAAP diluted EPS $1.37 vs. $1.34
Fiscal 2026 revenue guidance $1.40 billion to $1.45 billion; third-quarter revenue guidance $295 million to $325 million
Cash dividend of $0.36 per share payable May 20, 2026 to holders of record May 12, 2026
Dolby reported fiscal first-quarter 2026 revenue of $347 million, down from $357 million a year earlier, and GAAP diluted EPS of $0.55, down from $0.70. The company also gave fiscal 2026 revenue guidance of $1.4 billion to $1.45 billion and declared a $0.36 per share cash dividend.
Q1 GAAP net income was $53 million, or $0.55 per diluted share, versus $68 million, or $0.70, a year earlier.
Q1 non-GAAP diluted EPS was $1.06, compared with $1.14 in the prior-year quarter.
Fiscal 2026 full-year revenue is expected at $1.4 billion to $1.45 billion; fiscal Q2 revenue is estimated at $375 million to $405 million.
Dividend of $0.36 per share is payable February 18, 2026, to holders of record as of February 10, 2026.
Dolby Laboratories reported fourth-quarter and fiscal 2025 results for the periods ended September 26, 2025. Revenue rose year over year, but GAAP net income and GAAP earnings per share declined, while non-GAAP earnings per share increased. The company also gave fiscal 2026 revenue and EPS ranges and declared a $0.36 per share cash dividend.
Q4 fiscal 2025 total revenue was $307 million, up from $305 million; GAAP diluted EPS was $0.51, down from $0.61, and non-GAAP diluted EPS was $0.99, up from $0.81.
Fiscal 2025 total revenue was $1.35 billion, up from $1.27 billion; GAAP net income was $255 million, or $2.62 per diluted share, down from $262 million, or $2.69.
Fiscal 2026 guidance: total revenue of $1.390 billion to $1.440 billion; GAAP diluted EPS of $2.61 to $2.76; non-GAAP diluted EPS of $4.19 to $4.34.
Cash dividend of $0.36 per share payable December 10, 2025, to holders of record on December 2, 2025.
On November 11, 2025, Dolby's Compensation Committee adopted the 2026 Dolby Executive Bonus Plan for fiscal 2026 and set target bonuses for named executive officers. Payouts depend on non-GAAP operating income and revenue goals, with total funding capped at 150% of target, so the plan ties executive pay to company performance.
Adopted November 11, 2025; covers fiscal 2026 and is filed as Exhibit 99.1
CEO Kevin Yeaman's target bonus is 100% of his base salary
Other named executive officers have target bonuses of 65% of base salary
Total plan funding is capped at 150% of target funding
Dolby Laboratories reported fiscal third-quarter 2025 results for the quarter ended June 27, 2025, with total revenue of $316 million, up from $289 million a year earlier, and GAAP diluted earnings per share of $0.48, up from $0.40. The company also declared a $0.33 per share cash dividend payable August 20, 2025, and gave fourth-quarter and full-year fiscal 2025 estimate ranges, including full-year GAAP diluted EPS of $2.40 to $2.55.
Total revenue was $316 million, compared with $289 million in the third quarter of fiscal 2024.
GAAP net income was $46 million, or $0.48 per diluted share; non-GAAP net income was $76 million, or $0.78 per diluted share.
Q4 fiscal 2025 total revenue is estimated at $288 million to $318 million; full-year GAAP diluted EPS is expected at $2.40 to $2.55.
Cash dividend of $0.33 per share is payable August 20, 2025, to holders of record on August 12, 2025.
Dolby Laboratories reported fiscal second-quarter 2025 revenue of $370 million, up from $365 million a year earlier, but GAAP diluted earnings per share fell to $0.94 from $1.01. The company also declared a $0.33 per share quarterly dividend and gave third-quarter and full-year fiscal 2025 estimates, which show a GAAP diluted EPS range of $0.26 to $0.41 for the quarter and $2.31 to $2.46 for the year.
Total revenue was $370 million versus $365 million in the prior-year quarter.
GAAP diluted EPS was $0.94 versus $1.01; non-GAAP diluted EPS was $1.34 versus $1.27.
Cash dividend of $0.33 per share, payable May 21, 2025, to holders of record on May 13, 2025.
Fiscal 2025 full-year GAAP diluted EPS is estimated at $2.31 to $2.46; third-quarter GAAP diluted EPS at $0.26 to $0.41.
Dolby Laboratories reported first-quarter fiscal 2025 revenue of $357 million, up from $316 million a year earlier, and GAAP diluted EPS of $0.70, up from $0.69. The company also declared a $0.33 per share dividend and gave fiscal second-quarter and full-year fiscal 2025 ranges, with full-year revenue expected at $1.33 billion to $1.39 billion.
Q1 fiscal 2025 total revenue $357 million vs. $316 million in Q1 fiscal 2024
Non-GAAP diluted EPS $1.14 vs. $1.01; GAAP diluted EPS $0.70 vs. $0.69
Q2 fiscal 2025 revenue guided to $355 million to $385 million; full-year revenue to $1.33 billion to $1.39 billion
Cash dividend of $0.33 per share payable February 19, 2025 to holders of record on February 11, 2025
Dolby reported fourth-quarter fiscal 2024 revenue of $305 million, up from $291 million a year earlier, and GAAP diluted earnings of $0.61 per share versus $0.09. For the full fiscal year, revenue fell to $1.27 billion from $1.30 billion, while GAAP diluted EPS rose to $2.69 from $2.05. The company also gave fiscal 2025 revenue guidance of $1.33 billion to $1.39 billion and entered a $250 million revolving credit facility with Bank of America, with no amount drawn at closing.
Q4 fiscal 2024 revenue $305 million vs. $291 million a year earlier; GAAP diluted EPS $0.61 vs. $0.09
Full fiscal 2024 revenue $1.27 billion vs. $1.30 billion; GAAP diluted EPS $2.69 vs. $2.05
Fiscal 2025 guidance: total revenue $1.33 billion to $1.39 billion; GAAP diluted EPS $2.43 to $2.58
Credit Agreement signed November 14, 2024: $250 million unsecured revolver plus $150 million uncommitted incremental capacity; $0.33 per share dividend payable December 10, 2024
On November 12, 2024, Dolby's Compensation Committee adopted the 2025 Dolby Executive Bonus Plan for fiscal 2025. The CEO's target bonus is 100% of base salary and other named executive officers' targets are 65% of base salary, with payouts tied to non-GAAP operating income and revenue goals and total funding capped at 150% of target.
Plan adopted November 12, 2024 for fiscal 2025, filed as Exhibit 99.1
CEO target bonus is 100% of calendar base salary; other named executive officers have 65% targets
Total plan funding is capped at 150% of target funding
Bonuses subject to the Company's incentive compensation recoupment policy
Dolby reported fiscal third-quarter 2024 revenue of $288.8 million, down from $298.4 million a year earlier, while GAAP net income rose to $38.4 million, or $0.40 per diluted share, from $16.4 million, or $0.17. The company also declared a $0.30 per share dividend and raised its stock repurchase authorization by $350 million to about $422 million, and gave full-year fiscal 2024 revenue guidance of $1.27 billion to $1.29 billion.
Total revenue was $288.8 million, versus $298.4 million in the third quarter of fiscal 2023.
GAAP net income was $38.4 million, or $0.40 per diluted share; non-GAAP net income was $68.8 million, or $0.71 per diluted share.
Full-year fiscal 2024 revenue is expected to range from $1.27 billion to $1.29 billion, with GAAP diluted EPS of $2.40 to $2.55.
Dividend of $0.30 per share is payable August 27, 2024, to holders of record on August 19, 2024.
Dolby reported fiscal second-quarter 2024 revenue of $364.5 million, down from $375.9 million a year earlier, while GAAP net income rose to $97.8 million, or $1.01 per diluted share, from $0.98. The company also declared a $0.30 per share cash dividend and gave third-quarter revenue guidance of $270 million to $300 million, with full-year fiscal 2024 revenue expected to be roughly $1.30 billion.
Q2 fiscal 2024 total revenue was $364.5 million, versus $375.9 million in Q2 fiscal 2023.
GAAP net income was $97.8 million, or $1.01 per diluted share, versus $0.98 a year earlier; non-GAAP diluted EPS was $1.27 versus $1.26.
Q3 fiscal 2024 total revenue is estimated at $270 million to $300 million; GAAP diluted EPS at $0.21 to $0.36.
Cash dividend of $0.30 per share is payable May 22, 2024, to holders of record on May 14, 2024.
Dolby Laboratories reported first-quarter fiscal 2024 results for the quarter ended December 29, 2023, with total revenue of $315.6 million, down from $334.9 million a year earlier, and GAAP diluted earnings per share of $0.69, down from $0.82. The company also declared a $0.30 per share cash dividend and gave second-quarter revenue guidance of $345 million to $375 million.
Total revenue was $315.6 million vs. $334.9 million in the prior-year quarter.
GAAP net income was $67.0 million, or $0.69 per diluted share, vs. $79.4 million, or $0.82, a year earlier.
Non-GAAP diluted EPS was $1.01 vs. $1.11 a year earlier; the company repurchased 968 thousand shares.
Cash dividend of $0.30 per share is payable February 22, 2024, to holders of record on February 13, 2024.
Dolby reported fiscal fourth-quarter 2023 revenue of $290.6 million, up from $278.2 million a year earlier, but GAAP diluted earnings per share fell to $0.09 from $0.28 after a restructuring charge of about $30 million. The company also gave first-quarter and full-year fiscal 2024 estimates, with full-year revenue expected to be about $1.30 billion and GAAP diluted EPS of $2.30 to $2.45, and declared a $0.30 per share cash dividend.
Q4 fiscal 2023 revenue $290.6 million vs $278.2 million; GAAP diluted EPS $0.09 vs $0.28; non-GAAP diluted EPS $0.65 vs $0.54
Restructuring charge of about $30 million in Q4, including about $13 million severance and about $17 million software impairment
Fiscal 2024 outlook: total revenue about $1.30 billion; GAAP diluted EPS $2.30 to $2.45; non-GAAP diluted EPS $3.60 to $3.75
Cash dividend of $0.30 per share payable December 5, 2023, to holders of record on November 28, 2023
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