---
schema_version: "secwatch.filing_event.v1"
accession: "0001097149-24-000026"
form_type: "8-K"
ticker: "ALGN"
cik: "0001097149"
company_name: "ALIGN TECHNOLOGY INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:18:35.082977+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Align Q1 revenue up 5.8% YoY to $997.4M; raises FY24 revenue outlook; invests $75M in Heartland

## Summary
- Q1 GAAP EPS $1.39, non-GAAP $2.14; revenue $997.4M beat prior expectations.
- Clear Aligner revenue $817.3M (+3.5% YoY) on 605K cases; Systems & Services $180.2M (+17.5%).
- FY24 revenue outlook raised to +6-8% YoY (from mid-single digit); Q2 guide $1,030-1,050M.
- Acquired <5% equity in Heartland Dental for $75M under existing stockholder agreements.
- $650M remaining in share repurchase program; Q2 buyback up to $150M expected.

## SEC filing metadata
- accession: 0001097149-24-000026
- form_type: 8-K
- ticker: ALGN
- cik: 0001097149
- company_name: ALIGN TECHNOLOGY INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/0001097149-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/algn-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001097149-24-000026
- JSON: https://secwatch.observer/filing/0001097149-24-000026.json
- Plain text: https://secwatch.observer/filing/0001097149-24-000026.txt

## Key facts
- Earnings Releases
  ALIGN TECHNOLOGY INC reported first quarter ended March 31, 2024 results: revenue $997.4 million, net income $105.0 million, EPS $1.39.
  - Period: first quarter ended March 31, 2024
  - Revenue: $997.4 million
  - Net income: $105.0 million
  - EPS: $1.39
  - Result: reported results
  source text: revenues up 5.8% year-over-year including revenue growth of 3.5% from Clear Aligners and growth of 17.5% from Imaging Systems and CAD/CAM Services • Q1'24 total revenues of $997.4 million, increased 5.8% year-over-year, and diluted net income per share of $1.39, non-GAAP diluted net income per share of $2.14 • Q1'24 revenues were favorably impacted by foreign
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/0001097149-24-000026-index.htm
- Material Agreements
  ALIGN TECHNOLOGY INC entered into Subscription Agreement with Heartland Dental Holding Corporation valued at $75 million (effective 2024-04-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Heartland Dental Holding Corporation
  - Value: $75 million
  - Effective: 2024-04-22
  source text: On April 22, 2024, Align Technology, Inc. (“Align”) and Heartland Dental Holding Corporation (“Heartland”) entered into a Subscription Agreement (the “Subscription Agreement”), which provides, among other things, for Align to acquire less than a 5% equity interest in Heartland through the purchase of Class A Common Stock for $75 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/0001097149-24-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.