Align Technology, Inc

Align Technology, Inc. is a global medical device company focused on digital orthodontics and restorative dentistry workflows. Its core business is the Invisalign System of clear aligners used to treat malocclusions, complemented by Vivera retainers and related orthodontic accessories. Align also sells iTero intraoral scanners and associated services, plus exocad CAD/CAM software used by dental laboratories and dental practices to design and manufacture restorative dental products. The company positions these offerings as an integrated “Align Digital Platform” that connects digital scanning, treatment planning, manufacturing, and ongoing clinical workflows for orthodontists, general practitioners, and lab partners.

19,4 %

67,2 %

10,2 %

+0,9 %

1.36

1.24

— Align Technology, Inc
%
Clear Aligner80% Invisalign clear aligner systems and related orthodontic treatment products sold to doctors.
Imaging Systems and CAD/CAM Services (Systems and Services)20% iTero intraoral scanners and related services plus exocad CAD/CAM software subscriptions and solutions.

Align primarily sells to orthodontists and general dental practitioners who prescribe Invisalign treatment and use...

  • Orthodontistsprimary

    Buy Invisalign case shipments and retention products to treat malocclusions and drive practice throughput with digital planning.

  • General dental practitioners (GPs) and specialistsprimary

    Use Invisalign and iTero to scan, identify, treat, and monitor malocclusion within general dentistry workflows.

  • Dental laboratoriessecondary

    Adopt exocad CAD/CAM software and integrated workflows to design restorative products and collaborate with dentists.

  • Dental support organizations (DSOs)secondary

    Purchase directly and influence product standardization across networks by bundling procurement and practice support.

  • Consumers (accessory products)emerging

    Purchase complementary Invisalign-branded accessories (e.g., cases, whitening, cleaning solutions/devices) through online and retail channels.

Align operates globally with corporate headquarters in Tempe, Arizona and regional headquarters in Raleigh (Americas),...

  • Corporate HQ in Tempe, Arizona (US) with global commercial footprint
  • Americas regional HQ in Raleigh, North Carolina (US)
  • EMEA regional HQ in Rotkreuz, Switzerland
  • APAC regional HQ in Singapore
  • Uses distributors/intermediaries in some countries for import and sales
  • Cross-border trade rules can affect market access and supply chains
  • Supply chain depends on specialized equipment and materials suppliers

Align’s strategy centers on expanding adoption of digital orthodontics and restorative workflows through its integrated...

01
International expansionmedium-term

Broader geographic presence and doctor training increases addressable demand and reduces reliance on any single market.

02
Grow general practitioner (GP) treatment adoptionmedium-term

GPs expand the prescriber base beyond orthodontists and can increase case volume through integrated digital workflows.

03
Increase patient demand and utilizationshort-term

Consumer awareness and demand can drive case starts and improve practice-level utilization of Invisalign.

04
Embed iTero and exocad into clinical and lab workflowslong-term

Scanner and CAD/CAM adoption can lock in digital workflows and support Invisalign utilization through integrated planning and execution.

Align’s results are sensitive to global macroeconomic conditions that affect consumer confidence and discretionary...

high

Supply chain concentration in specialized equipment and materials

Single/sole-source suppliers for resin/polymer, CT/scanning and stereolithography equipment, and critical iTero optics components can cause production interruptions if disrupted.

Scope
Manufacturing continuity, product availability, and customer relationships
Materiality
high
high

IT systems and cybersecurity disruption (including third-party/cloud)

Complex systems supporting ordering, manufacturing, and data are vulnerable to attacks or outages; expanding online platforms and remote workflows increases exposure.

Scope
Operational disruption, data privacy/security, customer experience
Materiality
high
medium

Dependence on distributors and other commercial intermediaries

Non-exclusive, terminable agreements can lead to gaps in market coverage; intermediaries may also create legal/compliance and reputational exposure or control regulatory authorizations.

Scope
International market access, compliance (anti-bribery, trade, advertising), brand
Materiality
medium
medium

Macroeconomic and foreign exchange volatility

Inflation, recessions, and currency fluctuations can reduce demand and distort reported results across regions.

Scope
Global revenue demand and reported profitability
Materiality
medium
medium

Trade impediments and geopolitical tensions

Import/export controls and tariffs (including on goods, technology, and data) can disrupt supply chains and limit ability to offer products/services in certain jurisdictions.

Scope
Cross-border operations and supply chain configuration
Materiality
medium
Revenue recognition (ASC 606) with multiple performance obligations
Can shift revenue between periods and change segment mix and margins
Goodwill and finite-lived acquired intangible assets
Potential non-cash impairment charges and amortization expense variability
Income taxes
Volatility in net income and cash taxes
Legal proceedings and litigation estimates
Potential charges and contingent liabilities affecting earnings

: 11/08/2026