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Other financials

Income statement

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Revenue$1.1B+4.3%
Gross profit$757.4M+7.0%
Operating income$154.0M-5.5%
Net income$108.3M-13.1%
EPS (diluted)$1.51-12.2%

Balance sheet

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Cash & equivalents$1.1B+22.3%
Total debt$120.8M-1.8%
Total equity$4.2B+8.2%
Total assets$6.4B+3.2%

Cash flow

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Operating cash flow$192.8M+49.8%
CapEx$35.7M+66.0%
Free cash flow$157.1M+46.6%

Valuation

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Market cap$12.52B+26.2%
Enterprise value$11.54B+26.2%
P/E30.3×+7.6×
P/S+0.5×

Profitability

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Gross margin68%-1.7pp
Operating margin13.2%-1.9pp
Net margin10%-1.0pp
FCF margin15.3%-0.6pp

Returns & leverage

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Return on equity10.2%-1.3pp
Debt / equity0.0×
Current ratio1.4×+0.2×

Where this comes from

Reported directly by Align Technology in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Align Technology’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001097149-26-000060
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Gross profit757,430708,1171,494,0171,388,225
Operating expenses:
Selling, general and administrative462,671448,686928,013896,315
Research and development102,03296,398200,690193,599
Legal settlements and contingencies38,71469,3464,178
Total operating expenses603,417545,0841,198,0491,094,092
Income from operations154,013163,033295,968294,133
Interest income and other income (expense), net:

Item 1. Financial Statements (Unaudited):

FAQ

What is Align Technology's R&D?
Align Technology (ALGN) reported R&D of $102.03M in Q2 2026.
How has Align Technology's R&D changed year-over-year?
Align Technology's R&D increased by 5.8% year-over-year, from $96.4M to $102.03M.
What is the long-term trend for Align Technology's R&D?
Over 4 years (2021 to 2025), Align Technology's R&D has grown at a 10.3% compound annual growth rate (CAGR), from $250.32M to $369.91M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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