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Align Technology ALGN

Align Technology reports $135.04 million net income for Q3 2026

Form
10-Q
Filed
Importance
Notable
  1. Revenue of $1.02 billion for the three months ended Sep 30, 2026
  2. Net income of $135.04 million for the three months ended Sep 30, 2026
  3. Diluted EPS of $1.90 for the three months ended Sep 30, 2026
  4. Cash and equivalents of $1.15 billion at Sep 30, 2026

Written from the 10-Q on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. It also lists trademarks and service marks of the company.
  2. The financial statements show net revenues of $1,014,763 thousand for the quarter ended September 30, 2026.
  3. Gross profit was $697,471 thousand, and net income was $135,044 thousand.
  4. The company reported a net income per share of $1.90 for the quarter.
  5. The company's balance sheet shows total assets of $6,520,609 thousand as of September 30, 2026.

5 of 6 claims matched the filing text.

Not found in the filing text

  • The filing includes condensed consolidated statements of operations, comprehensive income, balance sheets, and stockholders' equity.

From the filing

Item 6. Exhibits

Item 6. Exhibits

Signatures

62

Invisalign, Align, the Invisalign logo, ClinCheck, Invisalign Assist, Invisalign First, Invisalign Go, the Invisalign sonic logo, Vivera, SmartForce, SmartTrack, SmartStage, SmileView, iTero, iTero Element, iTero Lumina, Orthocad, exocad, Align Digital Platform, Align Oral Health Suite, Invisalign Smile Architect, Smile Architect, iTero exocad Connector, exocad Dental CAD, and Cubicure, among others, are trademarks and/or service marks of Align Technology, Inc. or one of its subsidiaries or affiliated companies and may be registered in the United States and/or other countries1.

2

Table of Contents

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

Item 1. Financial Statements.

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data) (unaudited)

Three Months Ended

September 30, Nine Months Ended

September 30,

2026 2025 2026 2025 Net revenues $ 1,014,7632 $ 995,692 $ 3,111,042 $ 2,987,403 Cost of net revenues 317,292 356,491 919,554 959,977 Gross profit 697,4713 639,201 2,191,488 2,027,426 Operating expenses: Selling, general and administrative 410,554 417,800 1,338,567 1,314,115 Research and development 93,873 93,276 294,563 286,875 Restructuring and other charges 17,231 31,827 17,231 31,827 Legal settlements and contingencies 6,649 — 75,995 4,178 Total operating expenses 528,307 542,903 1,726,356 1,636,995 Income from operations 169,164 96,298 465,132 390,431 Interest income and other income (expense), net: Interest income 6,212 3,249 14,759 11,424 Other income (expense), net ( 5,302 ) ( 4,813 ) ( 12,238 ) 6,837 Total interest income and other income (expense), net 910 ( 1,564 ) 2,521 18,261 Net income before provision for income taxes 170,074 94,734 467,653 408,692 Provision for income taxes 35,030 37,981 111,544 134,101 Net income $ 135,0443 $ 56,753 $ 356,109 $ 274,591

Net income per share:4

Basic4

$ 1.904 $ 0.78 $ 4.99 $ 3.77

Diluted

$ 1.90 $ 0.78 $ 4.98 $ 3.77

Shares used in computing net income per share:

Basic

70,993 72,377 71,303 72,831

Diluted

71,015 72,419 71,473 72,880

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

3

Table of Contents

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands) (unaudited)

Three Months Ended

September 30, Nine Months Ended

September 30,

2026 2025 2026 2025 Net income $ 135,044 $ 56,753 $ 356,109 $ 274,591 Other comprehensive income: Change in foreign currency translation adjustment, net of tax ( 4,851 ) 4,185 ( 13,653 ) 59,394

Other comprehensive income (loss)

( 4,851 ) 4,185 ( 13,653 ) 59,394 Comprehensive income $ 130,193 $ 60,938 $ 342,456 $ 333,985

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

4

Table of Contents

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data) (unaudited)

September 30,

2026 December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents $ 1,144,931 $ 1,094,908

Accounts receivable, net of allowance for doubtful accounts of $ 26,837 and $ 34,213 , respectively

1,163,854 1,101,757 Inventories 224,654 226,343

Prepaid expenses and other current assets 192,636 165,571

Assets held for sale

— 27,983

Total current assets 2,726,075 2,616,562

Property, plant and equipment, net 1,134,486 1,131,453

Operating lease right-of-use assets, net 140,616 108,322

Goodwill 495,279 491,833 Intangible assets, net 90,620 93,933 Deferred tax assets 1,478,052 1,513,542 Other assets 455,481 278,048 Total assets $ 6,520,6095 $ 6,233,693

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $ 117,876 $ 121,450 Accrued liabilities 633,487 536,749

Deferred revenues

1,162,134 1,261,816 Total current liabilities 1,913,497 1,920,015 Income tax payable 72,138 68,200 Operating lease liabilities 112,296 82,507 Other long-term liabilities 117,101 113,824 Total liabilities 2,215,032 2,184,546

Commitments and contingencies (Note 7 and Note 8)

Stockholders' equity:

Preferred stock, $ 0.0001 par value ( 5,000 shares authorized; none issued)

— —

Common stock, $ 0.0001 par value ( 200,000 shares authorized; 70,690 and 71,364 issued and outstanding, respectively) 7 7 Additional paid-in capital 1,608,420 1,509,595

Accumulated other comprehensive income, net

61,735 75,388 Retained earnings 2,635,415 2,464,157 Total stockholders' equity 4,305,577 4,049,147

Total liabilities and stockholders' equity $ 6,520,609 $ 6,233,693

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

5

Table of Contents

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(in thousands) (unaudited)

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss), Net Retained Earnings Total

Three Months Ended September 30, 2026 Shares Amount

Balance as of June 30, 2026 71,245 $ 7 $ 1,570,297 $ 66,586 $ 2,595,563 $ 4,232,453 Net income — — — — 135,044 135,044

Net change in foreign currency translation adjustment — — — ( 4,851 ) — ( 4,851 )

Issuance of common stock relating to employee equity compensation plans 73 — 8,221 — — 8,221 Tax withholdings related to net share settlements of equity awards ( 1 ) — ( 75 ) — — ( 75 ) Common stock repurchased and retired ( 627 ) — ( 9,050 ) — ( 95,192 ) ( 104,242 ) Stock-based compensation — — 39,027 — — 39,027 Balance as of September 30, 2026 70,690 $ 7 $ 1,608,420 $ 61,735 $ 2,635,415 $ 4,305,577

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss), Net Retained Earnings Total

Nine Months Ended September 30, 2026 Shares Amount

Balance as of December 31, 2025 71,364 $ 7 $ 1,509,595 $ 75,388 $ 2,464,157 $ 4,049,147 Net income — — — — 356,109 356,109

Net change in foreign currency translation adjustment — — — ( 13,653 ) — ( 13,653 )

Issuance of common stock relating to employee equity compensation plans 689 — 19,939 — — 19,939 Tax withholdings related to net share settlements of equity awards ( 157 ) — ( 29,241 ) — — ( 29,241 ) Common stock repurchased and retired ( 1,206 ) — ( 17,384 ) — ( 184,851 ) ( 202,235 ) Stock-based compensation — — 125,511 — — 125,511 Balance as of September 30, 2026 70,690 $ 7 $ 1,608,420 $ 61,735 $ 2,635,415 $ 4,305,577

6

Table of Contents

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income, Net Retained Earnings Total

Three Months Ended September 30, 2025 Shares Amount

Balance as of June 30, 2025 72,486 $ 7 $ 1,426,541 $ 61,187 $ 2,425,044 $ 3,912,779 Net income — — — — 56,753 56,753

Net change in foreign currency translation adjustment — — — 4

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