🇺🇸Semiconductor-equipment maker Lam Research authorized a new $25 billion share-repurchase program and declared a $0.33 quarterly dividend.

Financial Express reports that Lam Research’s board approved a new $25 billion share-repurchase program. The report describes the authorization as approximately 10% of the company’s market capitalization; it does not report completed purchases under the program.

The company also declared a quarterly dividend of $0.33 per share. The supplied report does not provide the dividend’s record or payment dates, or an execution timetable for the repurchases.

The announcement follows reported fiscal first-quarter 2027 revenue of $8.22 billion, up 54% year over year, which the source attributes to strong demand for AI-related semiconductor-manufacturing equipment. Lam shares were reported up 0.18% in after-hours trading following the announcement.