KLAC

AI Research

Investor Day: $7B buyback + 21% dividend hike → 17th consecutive annual increase

KLA Corporation held its 2026 Investor Day on March 12, announcing a $7 billion share repurchase program and a 21% quarterly dividend increase to $2.30 from $1.90 per share, marking its 17th consecutive annual dividend increase. The fiscal Q2 2026 results for the quarter ended December 31, 2025 showed revenues of $3.30 billion with non-GAAP EPS of $8.85. Oppenheimer raised its price target to $1,900 from $1,800 on March 13, though investors note the stock may be trading 74% above fair value, making valuation a key risk.