Quarterly ResultJul 29, 2026, 04:09 PM

Align Technology Q2 Revenue $1.06B, +4.3% YoY; EPS $1.51

AI Summary

Align Technology reported record second quarter 2026 revenues of $1.06 billion, a 4.3% increase year-over-year, driven by strong Clear Aligner revenue growth of 8.2% and a 7.4% rise in Clear Aligner shipments. However, Imaging Systems and CAD/CAM Services revenues declined by 10.8% due to softness in the capital equipment market and a shift to flexible acquisition models. The company also recorded a $37.5 million liability related to UK VAT following an unfavorable ruling reversal. GAAP diluted EPS was $1.51, while non-GAAP diluted EPS was $2.64, with non-GAAP operating margin exceeding expectations. Align reaffirmed its full-year 2026 revenue growth guidance of 3% to 4% and increased its share repurchase target to $400 million to $500 million for the year.

Key Highlights

Q2'26 total revenues reached $1,056.2 million, up 4.3% year-over-year.
Clear Aligner revenues grew 8.2% year-over-year to $870.9 million, with shipments up 7.4%.
Imaging Systems and CAD/CAM Services revenues decreased 10.8% year-over-year to $185.3 million.
GAAP diluted net income per share was $1.51; non-GAAP diluted net income per share was $2.64.
The company repurchased 0.4 million shares for approximately $67.0 million.
An estimated $37.5 million liability was recorded for UK VAT following an overturned ruling.
Q3'26 worldwide revenue is expected to be $1,000M to $1,020M, down sequentially.
Full year 2026 revenue growth guidance reaffirmed at 3% to 4% year-over-year.

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ALGN

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ALIGN TECHNOLOGY INC

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