Dolby Laboratories, Inc. Segments Disclosure
| Fiscal Year Ended | |||||||||||
| September 26, 2025 | September 27, 2024 | September 29, 2023 | |||||||||
| Total revenue | $ | 1,349,130 | $ | 1,273,721 | $ | 1,299,744 | |||||
| Less: | |||||||||||
Cost of licensing (1) | 56,907 | 64,314 | 64,642 | ||||||||
Cost of products and services (1) (2) | 71,681 | 69,441 | 82,731 | ||||||||
Research and development expense (1) (2) | 223,292 | 225,449 | 231,798 | ||||||||
Sales and marketing expense (1) (2) | 314,466 | 291,508 | 311,189 | ||||||||
General and administrative expense (1) (2) | 235,254 | 222,922 | 218,028 | ||||||||
| Restructuring charges | 15,007 | 6,384 | 47,061 | ||||||||
| Stock-based compensation | 128,514 | 119,825 | 118,486 | ||||||||
| Amortization of acquisition-related intangibles | 40,856 | 15,552 | 10,056 | ||||||||
| Interest (income)/expense, net | (15,376) | (34,077) | (28,086) | ||||||||
| Equity method investees’ net income | (24,065) | (14,212) | (5,145) | ||||||||
Other income, net (1) (3) | (891) | (5,864) | (1,069) | ||||||||
| Income tax expense | 46,993 | 48,163 | 48,409 | ||||||||
| Net income including noncontrolling interest | 256,492 | 264,316 | 201,644 | ||||||||
| Less: Net income attributable to noncontrolling interest | (1,474) | (2,491) | (988) | ||||||||
| Net income attributable to Dolby Laboratories, Inc. | $ | 255,018 | $ | 261,825 | $ | 200,656 | |||||
| Revenue Category | Basis For Determining Geographic Location | ||||
| Licensing | Region in which our licensees’ headquarters are located | ||||
| Products | Destination to which our products are shipped | ||||
| Services | Location in which the relevant services are performed | ||||
| Fiscal Year Ended | |||||||||||
| Location | September 26, 2025 | September 27, 2024 | September 29, 2023 | ||||||||
| United States | $ | 496,990 | $ | 450,265 | $ | 466,030 | |||||
| International | 852,140 | 823,456 | 833,714 | ||||||||
| Total revenue | $ | 1,349,130 | $ | 1,273,721 | $ | 1,299,744 | |||||
| Fiscal Year Ended | |||||||||||
| Location | September 26, 2025 | September 27, 2024 | September 29, 2023 | ||||||||
| United States | 37 | % | 35 | % | 36 | % | |||||
| South Korea | 12 | % | 13 | % | 14 | % | |||||
| China | 26 | % | 22 | % | 22 | % | |||||
| Japan | 7 | % | 8 | % | 9 | % | |||||
| Europe | 9 | % | 12 | % | 10 | % | |||||
| Other | 9 | % | 10 | % | 9 | % | |||||
| Total | 100 | % | 100 | % | 100 | % | |||||
| Location | September 26, 2025 | September 27, 2024 | ||||||
| United States | $ | 374,683 | $ | 385,155 | ||||
| International | 95,925 | 93,954 | ||||||
| Total long-lived tangible assets, net of accumulated depreciation | $ | 470,608 | $ | 479,109 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 18, 2025 | Showing above |
| 2024 | Nov 19, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 18, 2022 | |
| 2021 | Nov 17, 2021 | |
| 2020 | Nov 16, 2020 | |
| 2019 | Nov 25, 2019 | |
| 2018 | Nov 15, 2018 | |
| 2017 | Nov 16, 2017 | |
| 2016 | Nov 18, 2016 | |
| 2015 | Nov 24, 2015 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.