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KLA is announcing authorization from the Board of Directors to repurchase up to $7 billion of the Company's common stock. This is in addition to the existing share repurchase authorization, which had $3.944 billion remaining as of Dec. 31, 2025.
Repurchases can be made using a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase programs, or otherwise, all in accordance with the requirements of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase programs do not obligate the Company to acquire any particular amount of its common stock, and the repurchase programs may be suspended or discontinued at any time at the Company's discretion.
In addition, the Company is announcing an increase in the quarterly dividend level to $2.30 per share from $1.90 per share, the 17th consecutive annual increase in the quarterly dividend for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations.
"KLA's 2026 Investor Day comes at an exciting time and provides us with an opportunity to explain how KLA is uniquely positioned to continue to benefit from the current semiconductor and AI growth trends," said Rick Wallace, President and Chief Executive Officer. "KLA's industry leading process control systems and services businesses are key enablers of the AI ecosystem and remain on track to continue to deliver sustainable market outperformance over the next several years. Investor Day provides more opportunity to review in detail our strategies to sustain our market leadership across the foundry/logic, memory, and advanced packaging markets. In addition, today's announcement of the 17th consecutive increase in our quarterly dividend and a new supplemental $7 billion share repurchase authorization reinforces our confidence in the current business environment, the growing relevance of KLA in semiconductor manufacturing and our longstanding commitment to disciplined capital allocation."
