Lam Research 8-K

Summary

Capital-return announcement: Lam authorized up to $25B in share repurchases and declared a quarterly dividend of $0.33 per share, payable 1/6/2027 to holders of record on 12/2/2026. Lam said its positioning at semiconductor technology inflections and cash generation support its capital-return plans. At the 11/3/2026 annual meeting, all 10 director nominees were elected, executive compensation and KPMG’s appointment for FY2027 were approved, and a shareholder proposal to allow holders to call a special meeting was rejected.

Key Figures

• The $25B repurchase authorization is 3.4x Lam’s $7.44B cash at 9/27/2026 (Q1 FY2027 10-Q). It supplements the remaining prior authorization; repurchases may be made in open-market or private transactions and may use derivatives or structured arrangements. The authorization has no termination date, may be suspended or discontinued, and does not require Lam to repurchase shares. Future dividends remain subject to Board review and approval.