earnings
confidence high
sentiment neutral
materiality 0.70
Align Technology Q2 2022: Rev $969.6M, GAAP EPS $1.44, non-GAAP $2.00, Clear Aligner volume down 10% YoY
ALIGN TECHNOLOGY INC
2022-Q2 EPS reported
$3.13
revenue$1,942,772,000
- Q2 total rev $969.6M, down 0.4% sequentially and 4.1% YoY; foreign exchange hurt rev by ~$15.3M sequentially.
- GAAP net income $112.8M ($1.44 diluted EPS); non-GAAP net income $157.0M ($2.00 diluted EPS).
- Clear Aligner rev $798.4M, down 5.1% YoY; volume 599k cases, flat sequentially but down 10% YoY.
- Imaging Systems & CAD/CAM rev $171.2M, up 4.7% sequentially and 0.8% YoY.
- Repurchased ~757k shares for $200M at avg $264.37; cash & marketable securities $977.2M.