$27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Three major corporations have collectively authorized $27 billion in new share-repurchase capacity, signaling their strong financial performance and confidence in future growth. Sandisk Corporation, a leader in AI storage, added $14 billion to its buyback program, bringing its total capacity to $15.5 billion. The company's revenue rose 372% year-over-year and its adjusted gross margin increased over 5,800 basis points, reaching nearly 85%.

Sandisk's stock has surged over 500% in 2026, making it the best-performing large-cap stock in the United States. Phillips 66, an oil giant, authorized $10 billion in buybacks, equivalent to more than 10% of its market capitalization. The company's profits have surged, with adjusted earnings per share growing at 20% year-over-year.

MetLife, a major player in the insurance industry, added $3 billion in buyback capacity, raising its total to $3.4 billion. The company's adjusted earnings grew by 15% year-over-year and 20% year-over-year for adjusted earnings per share. All three companies view their share repurchases as a sign of confidence in their outlooks and cash generation.