secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001097149-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Q3 revenue $960.2M (+7.8% YoY); Q4 guidance $920M-$940M
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- Q3 GAAP EPS $1.58, non-GAAP $2.14; operating margin 17.3% GAAP, 21.8% non-GAAP.
- Clear Aligner volume 602.3K cases (+2.3% YoY); teen shipments record 221.8K (+9.9% seq).
- Q4'23 revenue guidance $920M-$940M; FY'23 outlook $3.83B-$3.85B, below prior expectations.
- Agreed to acquire Cubicure GmbH for ~€79M to strengthen 3D printing capabilities.
- Plans $250M stock repurchase in Q4'23; restructuring with severance expected to impact GAAP margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000075/0001097149-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000075/algn-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001097149-23-000075

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