{
  "id": 3156129,
  "title": "$27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over",
  "url": "https://urgent.news/2026/08/23/27-billion-in-buybacks-3-stocks-betting-their-strong-runs-arent-over",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T13:35:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/27-billion-buybacks-3-stocks-133500171.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}