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AI brief of an SEC Form 8-K · Align Technology (ALGN)

Align Technology Q2 revenue rises 2.6% to $1,028.5 million; GAAP EPS falls to $1.28

Mixed Impact 4 of 5 earnings Written later

Align Technology reported second-quarter 2024 revenue of $1,028.5 million, up 2.6% from a year earlier, while GAAP net income fell 13.6% to $96.6 million, or $1.28 per diluted share. The company also revised its fiscal 2024 revenue outlook to 4% to 6% growth, citing a delayed launch of the iTero Lumina with restorative capabilities to the first quarter of 2025, which affects expectations for shareholders.

Key points

  • Q2 2024 revenue was $1,028.5 million, up 2.6% year-over-year; GAAP diluted EPS was $1.28 versus $1.46 a year earlier.
  • Non-GAAP diluted EPS was $2.41, compared with $2.22 in Q2 2023.
  • Q3 2024 worldwide revenue is expected in the range of $980 million to $1,000 million; fiscal 2024 revenue growth is expected to be 4% to 6%.
  • Align agreed in principle to settle legal matters for $31.1 million, primarily related to the Misty Snow Antitrust Class Action.

The filing

CompanyAlign Technology (ALGN)
Form8-K, current report
Filed with the SECJul 24, 2024, 4:08 PM ET
Accession number0001097149-24-000045

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 7:02 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.