---
schema_version: "secwatch.filing_event.v1"
accession: "0001097149-25-000030"
form_type: "8-K"
ticker: "ALGN"
cik: "0001097149"
company_name: "ALIGN TECHNOLOGY INC"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T10:48:25.287899+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Align Technology announces $1B stock buyback; provides long-term financial model

## Summary
- Board authorized $1.0B stock repurchase program over three years, replacing prior $1B program completed May 1, 2025.
- Prior $1B authorization (Jan 2023) completed on May 1, 2025; settlement on May 2, 2025.
- Reiterates 2025 guidance; financial model targets clear aligner volume growth >15% and non-GAAP op margin >25% by 2029+.
- 2026-2028 targets: revenue growth 5-15%, non-GAAP gross margin 71-73%, operating margin 23-25%.
- Free cash flow target of 18-23% for 2026-2028; 20-25% for 2029+.

## SEC filing metadata
- accession: 0001097149-25-000030
- form_type: 8-K
- ticker: ALGN
- cik: 0001097149
- company_name: ALIGN TECHNOLOGY INC
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097149/000109714925000030/0001097149-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097149/000109714925000030/algn-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001097149-25-000030
- JSON: https://secwatch.observer/filing/0001097149-25-000030.json
- Plain text: https://secwatch.observer/filing/0001097149-25-000030.txt

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