Align

Q2 FY2026 EarningsQ2 FY26 results were in-line on the top line but significantly missed on the bottom line: revenue of $1,056.2M vs. $1,055.5M expected, and GAAP EPS of $1.51 vs. $1.86 mean consensus. Clear Aligner revenue grew 8.2% YoY, partially offset by a 10.8% decline in Systems and Services. Profitability was severely impacted by a $37.5M UK VAT contingency loss and higher litigation costs, leading to an operating margin of 14.6% vs. higher historical levels. FY26 capital expenditure guidance was maintained at $125M–$150M.