Tempe, Ariz. & New York– Align Technology, the maker of Invisalign® clear aligners and iTero™ intraoral scanners, announced Tuesday that its Board of Directors has approved a new $1 billion stock repurchase program, set to run over the next three years.
The announcement comes on the heels of the company completing its previous $1 billion repurchase plan, which was authorized in January 2023 and finalized on May 1, 2025.
“This new $1 billion program reflects the strength of our balance sheet and cash flow generation, as well as management’s and our Board’s continued confidence in our ability to capitalize on large market opportunities,” said John Morici, Align’s chief financial officer and executive vice president of global finance.
Align said the repurchase plan is part of its ongoing capital allocation strategy, balancing returns to shareholders with investments in growth areas, including digital orthodontics and restorative dentistry solutions.
As of March 31, the company reported $873 million in cash and cash equivalents and approximately 73.1 million shares outstanding.
