Align Technology (ALGN) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the quarter, reflecting a sequential uptick and a year-over-year gain. The company's top line improved despite a decline in operating income compared to the prior year.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the quarter, reflecting a sequential uptick and a year-over-year gain. The company's top line improved despite a decline in operating income compared to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+6.3%
Change from the immediately preceding quarter.
Year-over-year
+3.4%
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 |
|---|---|---|
| Sep 30, 2022 | $890.3M | -12.4% |
| Dec 31, 2022 | $901.5M | -12.6% |
| Mar 31, 2023 | $943.1M | -3.1% |
| Jun 30, 2023 | $1B | +3.4% |
Revenue performance
Revenue for the quarter rose, building on the sequential growth seen in the preceding period and exceeding the year-ago figure.
Quarterly comparison
Revenue grew more from the prior quarter than from the same quarter a year earlier, indicating a faster sequential pace.
What to watch
The company's cash held in Russia, while a small portion of total liquidity, remains subject to sanctions-related access risks.