LAM RESEARCH CORP files 8-K: shareholder vote results, other material event

Item 5.07. Submission of Matters to a Vote of Security Holders 3

FOR IMMEDIATE RELEASE

FREMONT, Calif. -- (PRNewswire) – November 5, 2026 — Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $25 billion share repurchase authorization and a quarterly dividend of $0.33 per share of common stock.

“The share repurchase authorization announced today reinforces our capital allocation plan and commitment to return significant value to stockholders through dividends and share repurchases,” said Doug Bettinger, Lam’s Executive Vice President and Chief Financial Officer. “Our strong positioning at key technology inflections and robust cash generation give us confidence in our ability to deliver on our capital return objectives over time.”

The company is authorized to repurchase up to $25 billion of common stock; this authorization supplements the remaining balances from the prior authorization. Repurchases may be made through both open market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. This repurchase program does not have a termination date, may be suspended or discontinued at any time, and does not obligate the company to acquire any amount of common stock.

The dividend payment will be made on January 6, 2027, to holders of record on December 2, 2026. Future dividend payments are subject to review and approval by the Board of Directors.