Company: ALGN
Filing Date: 2025-05-06
Form Type: 8-K
Source: 0001097149-25-000030
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Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-06
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure.

Stock Repurchase Program

Align Technology, Inc. (the “ Company”) announced that its Board of Directors has authorized a new stock repurchase program. Under the new program, the Company may purchase up to $1.0 billion of its common stock over the next three years. The full text of the press release announcing the foregoing information is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Financial Model and Reiteration of 2025 Prior Guidance

As part of its Investor Day on Tuesday, May 6, 2025 (“ Investor Day”), beginning at 10:00 a. m. Eastern Time, the Company will reiterate its prior guidance and will be providing the following financial model:

                                      2025 Guidance      2026 - 2028        2029+      
  Clear Aligner Volume Y/Y%           Up MSD (1)         5% - 15%           > 15%      
  Revenue Y/Y%                        3.5% - 5.5%        5% - 15%           > 15%      
  GAAP Gross Margin%                  N/A                70.5% - 72.5%      > 72.5%    
  Non-GAAP Gross Margin% (2)          N/A                71% - 73%          > 73%      
  GAAP Operating Margin%              ~17.0%             17.5% - 19.5%      > 19.5%    
  Non-GAAP Operating Margin% (2)      ~ 22.5%            23% - 25%          > 25%      
  Free Cash Flow% (3)                 N/A                18% - 23%          20% - 25%  
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(1)MSD = Mid Single Digits

(2) For more information on these non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the tables captioned“Unaudited GAAP to Non-GAAP Reconciliation” in Exhibit 99.2 furnished hereto.

(3) Free Cash Flow is defined as cash flow from operations less purchase of property, plant and equipment and is a non-GAAP measure.

Please refer to the full text of the presentations for Investor Day that will be webcast live via the Investor Relations