Align Technology (ALGN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the immediately preceding period, marking a sequential recovery after several quarters of decline. However, revenue remained below the level reported in the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the immediately preceding period, marking a sequential recovery after several quarters of decline. However, revenue remained below the level reported in the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$943.1M
Revenue reported for this quarter.
Quarter-over-quarter
+4.6%
Change from the immediately preceding quarter.
Year-over-year
-3.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $969.6M | -4.1% |
| Sep 30, 2022 | $890.3M | -12.4% |
| Dec 31, 2022 | $901.5M | -12.6% |
| Mar 31, 2023 | $943.1M | -3.1% |
Revenue performance
The reported revenue rose from the prior quarter, reversing the downward trend seen in the previous three quarters. The year-over-year comparison showed a decline, reflecting ongoing headwinds.
Quarterly comparison
Sequentially, revenue improved from the fourth quarter of the prior fiscal year. Compared with the same quarter a year ago, revenue was lower, continuing a pattern of year-over-year contraction.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters amid the persistent year-over-year decline.