secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001097149-25-000030
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714925000030/0001097149-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714925000030/algn-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001097149-25-000030

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