Lam Research authorizes $25 billion share buyback and raises quarterly dividend to $0.33
Lam Research announced that its board approved a $25 billion share repurchase program, the largest in its history, and increased its quarterly cash dividend to $0.33 per share. The dividend will be paid on January 6 2027 to shareholders of record on December 2 2026. The buyback and dividend were disclosed alongside record Q1 FY2027 results, including $8.22 billion of revenue and a 40% operating margin.
Why it matters
The company said the $25 billion buyback is funded by record free cash flow of $3.24 billion in the quarter, giving it roughly two years of cash at that pace (). Analysts note the move signals confidence and expect Lam’s earnings to more than double from fiscal 2026 to 2028 ().
Key facts
- 1The board authorized a $25 billion share repurchase program. prnewswire.com
- 2Lam declared a quarterly cash dividend of $0.33 per share, payable on January 6 2027 to holders of record on December 2 2026. prnewswire.com
- 3Q1 FY2027 revenue was $8.22 billion, up 54% year‑over‑year. techtimes.com
- 4Operating margin reached 40.0% on a GAAP basis, the first time in company history. techtimes.com
- 5Free cash flow for the quarter was approximately $3.24 billion. techtimes.com
- 6Adjusted earnings per share for Q1 were $2.20. tradingview.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.