KLA (KLAC) Announces an Additional $7 Billion Share Buyback and Dividend Increase

KLA Corporation (NASDAQ:KLAC) is one of the Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 12, 2026, Reuters reported that KLA Corporation (NASDAQ:KLAC) announced a $7 billion share buyback program and increased its quarterly dividend by 21% to $2.30 per share from $1.90, adding to its existing $3.94 billion repurchase authorization through December 31, 2025. The corporation reiterated its March-quarter forecast, estimating revenue of $3.35 billion, plus or minus $150 million, and adjusted earnings per share of $9.08, plus or minus $0.78.

KLA Corporation (NASDAQ:KLAC) benefited from high demand for semiconductor production tools, as chipmakers increased orders to support AI processors and memory chips. The firm previously outperformed Wall Street’s projections for second-quarter revenue and earnings due to substantial AI infrastructure investment. As of March 12, 2026, shares are up more than 20% this year after rising over 93% last year, supported by continued spending on data centers and chip production capacity.

KLA Corporation (NASDAQ:KLAC) provides process control and yield management solutions to the semiconductor and related nano-electronics industries. The company’s divisions include Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display, and Component Inspection.

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