Align Technology Announces Third Quarter 2026 Financial Results
Align Technology reported Q3 2026 revenue of $1.015 billion, up 1.9% year-over-year, with GAAP diluted EPS of $1.90 versus $0.78 a year ago and non-GAAP EPS of $2.80 versus $2.61. Clear Aligner revenue rose 4.2% to $839.3 million on 6.6% volume growth, while Imaging Systems and CAD/CAM revenue fell 7.6% to $175.5 million; non-GAAP operating margin of 24.4% beat prior guidance despite a non-GAAP gross margin (70.4%) that came in modestly below expectations. Management guided Q4 revenue to $1,000M-$1,020M and reaffirmed FY26 guidance of $4,110M-$4,130M, noting a soft discretionary healthcare spending backdrop and planning 2027 assuming no consumer recovery.
Key figures
- Eps
- 1.9
- Revenue
- $1,014.8 million
- Guidance
- FY26 revenue $4,110M-$4,130M; Q4'26 revenue $1,000M-$1,020M; Q4 GAAP gross margin ~71.0%, non-GAAP ~72.0%; Q4 non-GAAP operating margin ~26.0%; FY26 non-GAAP operating margin ~23.7%; ~$500M of 2026 buybacks
- Revenue Yoy
- 1.9%
- Gaap eps
- 1.9
- Net income
- 135044000
- Non gaap eps
- 2.8
- Gaap gross margin
- 68.7%
- Q3 buyback shares
- 627.3 thousand shares at average $164.73
- Non gaap net income
- 198907000
- Cash and equivalents
- $1,144.9 million
- Clear aligner volume
- 690.6 thousand cases
- Clear aligner revenue
- $839.3 million
- Gaap operating margin
- 16.7%
- Non gaap gross margin
- 70.4%
- Imaging systems revenue
- $175.5 million
- Non gaap prior year eps
- 2.61
- Clear aligner volume yoy
- 6.6%
- Clear aligner revenue yoy
- 4.2%
- Non gaap operating margin
- 24.4%
- Imaging systems revenue yoy
- -7.6%
- Remaining buyback authorization
- $630.0 million
AI analysis
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