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Sep 30, 2022

Align Q3 2022 Earnings Report

Announced third quarter 2022 financial results.

Key Takeaways

Align Technology's Q3 2022 revenues were $890.3 million, a decrease of 8.2% sequentially and 12.4% year-over-year. Diluted net income per share was $0.93, and non-GAAP diluted net income per share was $1.36.

Q3'22 total revenues of $890.3 million, and diluted net income per share of $0.93

Q3’22 revenues were unfavorably impacted by foreign exchange of approximately $25.1 million sequentially and approximately $57.4 million year over year

Q3'22 operating income of $143.7 million and operating margin of 16.1%

Q3'22 Clear Aligner revenues of $732.8 million and Clear Aligner volume of 577.2 thousand cases

Total Revenue
$890M
Previous year: $1.02B
-12.4%
EPS
$1.36
Previous year: $2.87
-52.6%
Invisalign Cases Shipped
577.17K
Previous year: 655.15K
-11.9%
Gross Profit
$619M
Previous year: $755M
-18.0%
Cash and Equivalents
$1.04B
Previous year: $1.24B
-15.6%
Free Cash Flow
$191M
Previous year: $231M
-17.1%
Total Assets
$5.91B
Previous year: $5.65B
+4.6%

Align

Align

Align Revenue by Segment

Forward Guidance

Align expects to repurchase up to $200.0 million of its common stock during Q4'22.

Revenue & Expenses

Visualization of income flow from segment revenue to net income