Align Technology Authorizes $1 Billion Stock Repurchase, Reiterates Growth Targets at Investor Day
Align Technology (NASDAQ: ALGN) announced that its Board of Directors has approved a new stock repurchase program authorizing up to $1.0 billion in common stock buybacks over the next three years.
The announcement was made in conjunction with Align’s Investor Day, where the company also reaffirmed its 2025 guidance and shared a long-term financial model highlighting growth expectations through 2029 and beyond.
2025 Outlook and Long-Term Growth Targets:
• Clear Aligner Volume: Expected to grow mid-single digits (MSD) in 2025; 5–15% annually from 2026–2028; >15% beyond 2029
• Revenue Growth: 3.5–5.5% in 2025; 5–15% from 2026–2028; >15% from 2029 onward
• Non-GAAP Operating Margin: ~22.5% in 2025; 23–25% (2026–2028); >25% after 2029
• Free Cash Flow as % of Revenue: Projected to reach 18–23% by 2026–2028 and 20–25% after 2029
Align will post full presentations and a webcast replay on its Investor Relations website.
The Investor2025-05-07
