secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001097149-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Q4 revenue $901.5M (-12.6% YoY); board authorizes new $1B buyback
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- Q4 total revenue $901.5M, down 12.6% YoY; GAAP diluted EPS $0.54, non-GAAP $1.73.
- FY2022 revenue $3.7B, down 5.5% YoY; GAAP diluted EPS $4.61, non-GAAP $7.76.
- Board approved new $1B stock repurchase program; $250M remaining under current program expected to complete in Q2 2023.
- Q1 2023 outlook: clear aligner volumes down sequentially due to China COVID; total revenue ~flat QoQ; GAAP op margin up ~1% point.
- FY2023 non-GAAP op margin expected slightly above 20%; capex >$200M; no full year revenue guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000005/0001097149-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000005/algn-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001097149-23-000005

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