Business
KLA Hosts Investor Day; Announces $7 Billion Share Repurchase Program and 21% Increase to Quarterly Dividend; Reaffirms March 2026 Guidance
Announces new $7 billion Share Repurchase AuthorizationAnnounces 21% increase in quarterly dividend level to $2.30 per share from $1.90Reaffirms current March
About this update from Kla Corporation
[{"type":"text","content":"Announces new $7 billion Share Repurchase AuthorizationAnnounces 21% increase in quarterly dividend level to $2.30 per share from $1.90Reaffirms current March 2026 quarter guidanceMILPITAS, Calif., March 12, 2026 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) will hold its 2026 Investor Day today in New York City with presentations by Rick Wallace, President and Chief Executive Officer, Bren Higgins, Executive Vice President and Chief Financial Officer, and other senior executives of the Company. A live stream of the event will begin at 9:00 a.m. ET and conclude at approximately 12:30 p.m. ET. A link to the live stream and presentation materials can be found at ir.kla.com.\n \n \n \n \n \n \n \nManagement will present KLA's strategies to deliver sustainable outperformance guided by the KLA Operating Model, including in-depth reviews of the Systems and Services businesses. The Company will also introduce its new 2030 Target Model.The Company is also 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...