Press release
Align Technology Announces Second Quarter 2023 Financial Results
Better than expected revenues and operating margins reflect improving trends across regions Q2’23 Clear Aligner cases for teenagers increased 7% sequentially
About this update from Align Technology, Inc.
[{"type":"text","content":"\nBetter than expected revenues and operating margins reflect improving trends across regions\n\n\nQ2’23 Clear Aligner cases for teenagers increased 7% sequentially and 10% year over year, driven by momentum in both Submitters and Utilization and continued growth from Invisalign First™\n\n\n\nQ2'23 total revenues of $1.0 billion, increased 6.3% sequentially and 3.4% year-over-year, and diluted net income per share of $1.46, non-GAAP diluted net income per share of $2.22\n\n\n\nQ2'23 revenues were favorably impacted by foreign exchange of approximately $1.3 million sequentially and unfavorably impacted by approximately $19.4 million year-over-year(1)\n\n\n\nQ2'23 operating income of $171.9 million and operating margin of 17.2%, non-GAAP operating margin of 21.3%\n\n\n\nQ2'23 GAAP operating margin was unfavorably impacted by foreign exchange by approximately 1.1 points year-over-year(1)\n\n\n\nQ2'23 Clear Aligner revenues of $832.7 million, increased 5.4% sequentially and 4.3% year-over-year, and Clear Aligner volume of 604.4 thousand cases, increased 5.0% sequentially and 0.9% year-over-year\n\n\n\nQ2'23 Clear Aligner volume for teens increased 7.0% sequentially and increased 9.7% year-over-year to 194.5 thousand cases\n\n\n\nQ2'23 Imaging Systems and CAD/CAM Services revenues of $169.5 million, increased 10.5% sequentially\n\n\n\n TEMPE, Ariz.--(BUSINESS WIRE)--\nAlign Technology, Inc. (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today reported financial results for the second quarter (\"Q2'23\"). Q2'23 total revenues were $1,002.2 million, up 6.3% sequentially and up 3.4% year-over-year. Q2'23 Clear Aligner revenues were $832.7 million, up 5.4% sequentially and up 4.3% year-over-year. Q2'23 Clear Aligner volume was up 5.0% sequentially and up 0.9% year-over-year. Q2'23 Imaging Systems and CAD/CAM Services revenues were $169.5 million, up 10.5% sequentially and down 1.0% year-over-year. Q2’23 Clear Aligner revenues were favorably impacted by foreign exchange of approximately $1.2 million or 0.1% sequentially and unfavorably impacted by approximately $16.3 million or 1.9% year-over-year.(1) Q2'23 Imaging Systems and CAD/CAM Services r...