Dolby (DLB) Q1 2026 Earnings Call Transcript

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Thursday, January 29, 2026 astatine 5 p.m. ET

• Chief Executive Officer — Kevin Yeaman

• Chief Financial Officer — Robert Park

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Kevin Yeaman: Thanks, Peter, and acknowledgment to everyone for joining america connected the telephone today. FY '26 is disconnected to a bully start. Revenue and non-GAAP net came successful supra the precocious extremity of the scope of guidance. We are making meaningful advancement connected the maturation initiatives we discussed past quarter, and we're raising our guidance for the year. Robert volition stock much details connected the financials and guidance successful a fewer minutes. Just a fewer weeks agone astatine CES, we showed however Dolby Atmos and Dolby Vision are shaping however radical watch, perceive to and bask their favourite amusement contented crossed movies, TV, music, sports and user-generated content.

We hosted hundreds of customers and partners astatine Dolby Live, wherever we had demonstrations chiefly focused connected the in-car amusement acquisition and Dolby Vision 2 for TVs. Automotive has go a large absorption of CES, and we were excited to person partners item however Dolby is helping them alteration the aboriginal of in-car entertainment. Attendees were capable to acquisition Dolby Atmos successful cars ranging from a 2-seat Porsche, 911 to a Mercedes SUV, an Audi e-tron and a full-size Cadillac Escalade. We besides showed however Dolby is playing an important relation successful expanding the scope of high-quality amusement successful the car.

SmashLabs demonstrated its immersive multichannel games successful Dolby Atmos vehicles and attendees got a accidental to perceive to Audible's afloat immersive Harry Potter audiobook bid featuring Dolby Atmos. The Neon Horizon featuring Dolby Atmos and Dolby Vision demonstrated however the barroom is being raised connected the in-car acquisition good beyond euphony to see movies, TV, gaming, audiobooks and more. In addition, we announced that we are partnering with Qualcomm to integrate Dolby Atmos and Dolby Vision into Qualcomm's Gen 5 Snapdragon Automotive platform, further extending our scope into the car ecosystem.

Also during the quarter, Mahindra released the archetypal SUV successful India with Dolby Atmos and Dolby Vision, and Hyundai launched its archetypal car with Dolby Atmos, a crossover SUV successful China. Overall, we proceed to beryllium excited astir the momentum successful automotive, wherever we present person partnerships with implicit 35 OEMs, up from 20 OEMs this clip past year. Moving connected to TVs. Dolby Vision 2 was connected afloat show astatine CES and was met with enthusiasm from partners, property and attendees. Building connected the occurrence of Dolby Vision, Dolby Vision 2 is designed to conscionable the evolving expectations of today's viewers and unlock the afloat imaginable of modern televisions from mainstream sets to top-of-the-line models.