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

Align Technology Q3 revenue rises 1.8% to $977.9 million; plans $275.0 million buyback

Mixed Impact 4 of 5 earnings Written later

Align Technology reported third-quarter 2024 revenue of $977.9 million, up 1.8% year-over-year but down 4.9% from the second quarter, and GAAP diluted EPS of $1.55 versus $1.58 a year earlier. The company also announced a restructuring plan with about $30 million in Q4 severance charges and expects to repurchase up to $275.0 million of stock beginning in Q4 2024, while guiding Q4 revenue to $995 million to $1,015 million.

Key points

  • Q3 2024 revenue $977.9 million, up 1.8% year-over-year; Clear Aligner revenue down 1.0% year-over-year; Imaging Systems and CAD/CAM Services up 15.6%
  • GAAP diluted EPS $1.55 vs $1.58 in Q3 2023; non-GAAP diluted EPS $2.35 vs $2.14
  • Restructuring charges of about $30 million expected in Q4 2024, roughly 3 points of operating margin; Raj Pudipeddi to leave in Q4 2024
  • Q4 2024 revenue outlook $995 million to $1,015 million; GAAP operating margin expected slightly lower than 14.0%

The filing

CompanyAlign Technology (ALGN)
Form8-K, current report
Filed with the SECOct 23, 2024, 4:06 PM ET
Accession number0001097149-24-000053

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing 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 October 23, 2024.

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