earnings
confidence high
sentiment negative
materiality 0.80
Align Tech Q3 revenue $977.9M (+1.8% YoY); restructuring, $30M charge in Q4
ALIGN TECHNOLOGY INC
2024-Q3 EPS reported
$4.23
revenue$3,003,793,000
- Q3 GAAP diluted EPS $1.55, non-GAAP $2.35; operating margin 16.6% GAAP, 22.1% non-GAAP.
- Clear Aligner volume 617.2K cases (+2.5% YoY, -4.0% QoQ); teen cases record 236.3K.
- Imaging Systems & CAD/CAM rev $191M (+15.6% YoY).
- Restructuring: $30M Q4 severance charge; Raj Pudipeddi departs; Frank Quinn returns as Americas EVP.
- Q4 revenue guidance $995M-$1,015M; expects up to $275M stock repurchase in Q4.