EX-99.2 3 exhibit992-reconciliationo.htm EX-99.2

Exhibit 99.2

About Non-GAAP Gross Margin and Non-GAAP Operating Margin

As part of our Investor Day on Tuesday, May 6, 2025 we provided a financial model that included our outlook for non-GAAP gross margin and non-GAAP operating margin. These non-GAAP financial measures exclude the effects of stock-based compensation and the amortization of intangibles related to certain acquisitions that are included in the most directly comparable GAAP financial measure as these items may not be indicative of our fundamental operating performance.

ALIGN TECHNOLOGY, INC.

UNAUDITED GAAP TO NON-GAAP RECONCILIATION

GROSS MARGIN OUTLOOK

						2026 - 2028			2029+
GAAP gross margin						70.5-72.5%			>72.5%
Stock-based compensation						~0.2%			~0.2%
Amortization of intangibles (1)						~0.3%			~0.3%
Non-GAAP gross margin						71.0-73.0%			>73%

OPERATING MARGIN OUTLOOK

2025

2026 - 2028

2029+

GAAP operating margin

17.0%

17.5-19.5%

>19.5%

Stock-based compensation

~5.0%

~5.0%

~5.0%

Amortization of intangibles (1)

~0.5%

~0.5%

~0.5%

Non-GAAP operating margin

~22.5%

23.0-25.0%

>25.0%

(1) Amortization of intangible assets related to certain acquisitions.