KLAC · 10-Q · 2026Q3 · Full report
Capital Return Program
KLA CORP · 2026-10-29 · Importance 75 · Surprise 64 · From source text
KLA repurchased $935.8 million of shares in Q1 FY27, compared with $545.1 million in Q1 FY26, and had $8.81 billion of repurchase authority remaining at September 30, 2026. The authorization includes a $7.00 billion increase approved in fiscal Q3 2026; repurchases are intended to offset equity-plan dilution and return excess cash. The company paid $305.1 million in dividends and dividend equivalents during the quarter, versus $254.0 million in the prior-year quarter. The quarterly dividend was $0.230 per share, compared with $0.190 per share in the same period of fiscal 2026.
Key facts
- KLA's Board authorized an additional $7.00 billion of stock repurchases in the third quarter of fiscal 2026; $8.81 billion of repurchase authority remained as of September 30, 2026. source
- KLA repurchased $935.8 million of shares and paid $305.1 million in dividends in the three months ended September 30, 2026. source
- In March 2026, KLA announced an increase in its quarterly dividend to $0.230 per share, its 17th consecutive annual dividend increase. source
- KLA repurchased $935.8 million of stock in the three months ended September 30, 2026, compared with $545.1 million in the three months ended September 30, 2025. source
- KLA paid $305.1 million in regular quarterly cash dividends and dividend equivalents in the three months ended September 30, 2026, compared with $254.0 million in the three months ended September 30, 2025. source
- KLA declared a quarterly cash dividend of $0.230 per share, paid on September 1, 2026 to stockholders of record as of August 17, 2026. source
- KLA's stock repurchase program is intended partly to mitigate dilution from equity incentive plans and Employee Stock Purchase Program shares and to return excess cash to stockholders. source
- In the comparable period of fiscal 2026, KLA declared and paid a regular quarterly cash dividend of $0.190 per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -40.7% | KLA's Board authorized an additional $7.00 billion of stock repurchases in the third quarter of fiscal 2026; $8.81 billion of repurchase… |
| cash | negative | realized | -2.1% | KLA repurchased $935.8 million of stock in the three months ended September 30, 2026, compared with $545.1 million in the three months… |
| cash | negative | realized | -1.7% | KLA repurchased $935.8 million of shares and paid $305.1 million in dividends in the three months ended September 30, 2026. |
| cash | negative | committed | — | In March 2026, KLA announced an increase in its quarterly dividend to $0.230 per share, its 17th consecutive annual dividend increase. |