Align Technology (ALGN) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined sequentially but increased year over year. The company's top line showed a mixed performance against the two comparison periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined sequentially but increased year over year. The company's top line showed a mixed performance against the two comparison periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$960.2M
Revenue reported for this quarter.
Quarter-over-quarter
-4.2%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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 |
|---|---|---|
| Dec 31, 2022 | $901.5M | -12.6% |
| Mar 31, 2023 | $943.1M | -3.1% |
| Jun 30, 2023 | $1B | +3.4% |
| Sep 30, 2023 | $960.2M | +7.8% |
Revenue performance
Revenue decreased from the prior quarter and increased from the same quarter one year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year ago, revenue was higher.
What to watch
A significant portion of the company's cash and marketable securities is held by foreign subsidiaries, which may be subject to currency fluctuations and repatriation costs.