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Jun 30, 2022

Align Q2 2022 Earnings Report

Announced second quarter 2022 financial results amidst global economic headwinds and COVID-19 impacts.

Key Takeaways

Align Technology reported Q2 2022 total revenues of $969.6 million, a slight decrease sequentially and year-over-year. The company's operating income was $188.2 million, with a diluted net income per share of $1.44, and a non-GAAP diluted net income per share of $2.00.

Q2'22 total revenues of $969.6 million were down slightly sequentially and year over year

Q2’22 revenues were unfavorably impacted by foreign exchange of approximately $15.3 million sequentially and approximately $39.9 million year over year

Q2'22 operating income of $188.2 million and operating margin of 19.4%, which was unfavorably impacted by foreign exchange of approximately 1.1 points sequentially and approximately 2.4 points year over year

Q2'22 diluted net income per share of $1.44; Q2'22 non-GAAP diluted net income per share of $2.00

Total Revenue
$970M
Previous year: $1.01B
-4.1%
EPS
$2
Previous year: $3.04
-34.2%
Invisalign Cases Shipped
598.99K
Previous year: 665.6K
-10.0%
Gross Profit
$688M
Previous year: $759M
-9.4%
Cash and Equivalents
$878M
Previous year: $1.1B
-20.2%
Free Cash Flow
$51M
Previous year: $193M
-73.6%
Total Assets
$5.81B
Previous year: $5.4B
+7.7%

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Align Revenue by Segment

Forward Guidance

Align Technology will continue to manage investments to account for headwinds and uncertainty, while focusing on successfully delivering on our strategic growth drivers.

Revenue & Expenses

Visualization of income flow from segment revenue to net income