- Align Technology press release ( NASDAQ: ALGN ): Q4 Non-GAAP EPS of $1.73 beats by $0.20 .
- Revenue of $901.5M (-12.5% Y/Y) beats by $19.61M .
- Q4 revenues were unfavorably impacted by foreign exchange of approximately $16.0 million sequentially and approximately $67.6 million year over year
- Shares +15% .
- Board of Directors has authorized a new $1 billion stock repurchase program, to succeed the current $1 billion program that is expected to be completed in Q2 2023
- we anticipate 2023 GAAP operating margin to be slightly above 16% and expect our 2023 non-GAAP operating margin to be slightly above 20%.
- we expect Q1’23 revenues to be about flat to Q4’22. We expect our Q1’23 GAAP operating margin to be up approximately 1% point from Q4’22 GAAP operating margin and expect our Q1’23 non-GAAP operating margin to be consistent with Q4’22 non-GAAP operating margin, as we continue to make investments in R&D and go-to-market activities.
- For 2023, we expect our investments in capital expenditures to exceed $200 million.
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Align Technology Non-GAAP EPS of $1.73 beats by $0.20, revenue of $901.5M beats by $19.61M