Applied Materials Announces New $10 Billion Share Repurchase Authorization

Applied Materials, Inc. announced that its Board of Directors has approved a 15% increase in the quarterly cash dividend, marking eight consecutive years of higher dividends. The increase results in a quarterly dividend of $0.46 per share payable on June 12, 2025 to shareholders of record as of May 22, 2025.

The board also approved a new share repurchase authorization enabling Applied to buy back an additional $10 billion of its shares over time. This supplements the previous authorization which had approximately $7.6 billion remaining at the end of the first quarter of fiscal 2025.

“Over the past 10 fiscal years, Applied Materials has distributed nearly 90% of free cash flow to shareholders,” said Brice Hill, SVP and CFO. “The dividend increase and new share repurchase authorization we are announcing today indicate our confidence in Applied’s business prospects and bolster our ability to distribute excess cash to shareholders in the coming years.”