Align Technology Announces $270 Million Accelerated Stock Repurchase Agreement
Key Highlights
- ➤Align will repurchase $270 million of common stock through a Goldman Sachs ASR
- ➤2026 share repurchases expected to total approximately $500 million
- ➤ASR expected to complete on or about December 29, 2026
- ➤Approximately $330 million remains available under Align’s $1.0 billion repurchase program
- ➤ASR funded with cash on hand; Align reported $1.145 billion cash as of September 30, 2026
Expert Statements
John Morici, CFO and executive vice president, global finance of Align Technology
“This $270 million accelerated stock repurchase fulfills the share repurchase commitment we announced in July and is expected to bring our total 2026 share repurchases to approximately $500 million.”
John Morici, CFO and executive vice president, global finance of Align Technology
“This transaction reflects the confidence of our Board and management in Align’s long-term value.”
John Morici, CFO and executive vice president, global finance of Align Technology
“Our strong balance sheet and consistent cash generation profile provide us with the flexibility to return capital to stockholders while continuing to invest in the growth, innovation and productivity initiatives that support our long-term strategy.”
Align Technology Announces $270 Million Accelerated Stock Repurchase Agreement
Align Technology, Inc. (“Align”) (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 announced that it has entered into a new accelerated stock repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”), to repurchase $270 million of Align’s common stock under Align’s $1.0 billion stock repurchase program that was approved by Align’s Board of Directors in April 2025.
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