secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001097149-22-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology Q2 2022: Rev $969.6M, GAAP EPS $1.44, non-GAAP $2.00, Clear Aligner volume down 10% YoY
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000051/0001097149-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000051/algn-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer