European Investor
12 Mar 2026, 19:54
KLA Corporation announced a new $7 billion share repurchase authorization and a 21 percent increase in its quarterly dividend during its 2026 Investor Day event.
The company said its board approved the new buyback program in addition to an existing authorization that had about $3.94 billion remaining as of December 31, 2025. The repurchases may be carried out through open-market purchases, private transactions or accelerated repurchase programs, depending on market conditions.
KLA also increased its quarterly dividend to $2.30 per share from $1.90 per share, marking the company’s 17th consecutive annual dividend increase. Future dividend payments will remain subject to board approval and financial conditions.
During the event, management reaffirmed guidance for the March 2026 quarter and outlined its long-term strategy under a new 2030 Target Model. The company said it expects continued growth driven by demand in semiconductor manufacturing, particularly from artificial intelligence-related chip production.
KLA develops process control equipment and services used in semiconductor manufacturing, including systems for wafer inspection, advanced packaging and integrated circuit production. The company said its technologies play a key role in enabling AI-related semiconductor production across foundry, logic and memory markets.
PRNewswire
The company said its board approved the new buyback program in addition to an existing authorization that had about $3.94 billion remaining as of December 31, 2025. The repurchases may be carried out through open-market purchases, private transactions or accelerated repurchase programs, depending on market conditions.
KLA also increased its quarterly dividend to $2.30 per share from $1.90 per share, marking the company’s 17th consecutive annual dividend increase. Future dividend payments will remain subject to board approval and financial conditions.
During the event, management reaffirmed guidance for the March 2026 quarter and outlined its long-term strategy under a new 2030 Target Model. The company said it expects continued growth driven by demand in semiconductor manufacturing, particularly from artificial intelligence-related chip production.
KLA develops process control equipment and services used in semiconductor manufacturing, including systems for wafer inspection, advanced packaging and integrated circuit production. The company said its technologies play a key role in enabling AI-related semiconductor production across foundry, logic and memory markets.
PRNewswire