Lam Research authorizes $25 billion share repurchase and $0.33 quarterly dividend

On November 5, 2026, Lam Research said its Board of Directors approved a $25 billion share repurchase authorization and a quarterly dividend of $0.33 per share of common stock. The authorization supplements the remaining balances from the prior authorization.

Lam Research said repurchases may be made through open market and private transactions. It also said they may include derivative contracts and structured share repurchase agreements.

Lam Research said the repurchase program has no termination date and may be suspended or discontinued at any time. It said the program does not obligate the company to acquire any amount of common stock.

Lam Research said the dividend will be paid on January 6, 2027, to holders of record on December 2, 2026. It said future dividend payments are subject to review and approval by its Board of Directors.

Stockholders also approved on an advisory basis the named executive officer compensation and ratified KPMG LLP as the independent registered public accounting firm for fiscal year 2027. They did not approve a stockholder proposal titled "Attainable Shareholder Right to Call for a Special Shareholder Meeting."