Earnings Per Share

12 Months Ended

Sep. 26, 2025

Basic EPS is computed by dividing net income attributable to Dolby Laboratories, Inc. by the number of weighted-average shares of Class A and Class B common stock outstanding during the period. Through application of the treasury stock method, diluted EPS is computed in the same manner, except that the number of weighted-average

shares outstanding is increased by the number of potentially dilutive shares from employee incentive plans during the period.

Basic and diluted EPS are computed independently for each fiscal quarter and year-to-date period, which involves the use of different weighted-average share count figures relating to quarterly and annual periods. As a result, and after factoring the effect of rounding to the nearest cent per share, the sum of all four quarter-to-date EPS figures may not equal year-to-date EPS.

Potentially dilutive shares represent the hypothetical number of incremental shares issuable under the assumed exercise of outstanding stock options (both vested and unvested) and vesting of outstanding RSUs. The calculation of dilutive shares outstanding excludes securities that would have an antidilutive effect on EPS.

The following table sets forth the computation of basic and diluted EPS attributable to Dolby Laboratories, Inc. (in thousands, except per share amounts):


	Fiscal Year Ended
		September 26, 2025		September 27, 2024		September 29, 2023
Numerator:
Net income attributable to Dolby Laboratories, Inc.		$	255,018	$	261,825	$	200,656

Denominator:
Weighted-average shares outstanding—basic		95,868		95,544		95,771
Potential common shares from options to purchase common stock		358		586		763
Potential common shares from restricted stock units		1,213		1,158		1,139
Potential common shares from employee stock purchase plan		40		37		60
Weighted-average shares outstanding—diluted		97,479		97,325		97,733

Net income per share attributable to Dolby Laboratories, Inc.:
Basic		$	2.66	$	2.74	$	2.10
Diluted		$	2.62	$	2.69	$	2.05

Antidilutive awards excluded from calculation:
Stock options		1,448		1,152		930
Restricted stock units		1		10		7
Employee stock purchase plan		1		3		2