Align Technology (ALGN) announces $ 270 million accelerated stock repurchase agreement

Align Technology said it entered a $270 million accelerated stock repurchase agreement with Goldman Sachs & Co. LLC, funded with cash on hand, under its $1.0 billion buyback program approved in April 2025. CFO John Morici said the deal fulfills a repurchase commitment announced in July and is expected to bring total 2026 share repurchases to roughly $500 million. The ASR is expected to settle on or about December 29, 2026, with the final share count based on Align's volume-weighted average stock price less an agreed discount. After the transaction, about $330 million would remain available under the program, and Align reported approximately $1.145 billion in cash and cash equivalents as of September 30, 2026. The move signals board and management confidence in Align's long-term value and its ability to return capital while funding growth, innovation and productivity initiatives. Investors will watch the final settlement share count and any further drawdown of the remaining buyback authorization.