Align Technology Announces $270 Million Accelerated Stock Repurchase
Align Technology, Inc. entered a $270 million accelerated stock repurchase agreement with Goldman Sachs & Co. LLC under its $1.0 billion stock repurchase program approved in April 2025, according to an 8-K filed Thursday night and a related press release.
CFO John Morici said the deal fulfills the share-repurchase commitment announced in July and is expected to bring total 2026 share repurchases to an estimated $500 million, the company said. Align will prepay $270 million to Goldman Sachs. The final share count will be based on the volume-weighted average price during the ASR term, less an agreed discount. Completion is expected on or about Dec. 29, 2026, and the ASR will be funded with cash on hand.
After the transaction, Align expects an estimated $330 million to remain available under the $1.0 billion program. As of Sept. 30, 2026, Align had an estimated $1.145 billion in cash and cash equivalents.
By the numbers
- ASR size: $270 million
- Expected total 2026 repurchases: an estimated $500 million, the company said
- Remaining authorization after ASR: an estimated $330 million
- Cash and cash equivalents at Sept. 30, 2026: an estimated $1.145 billion
Sources
- Align Technology Form 8-K on $270 million accelerated share repurchase agreement (Items 1.01, 2.03), filed Nov. 6, 2026 (accession 0001097149-26-000085)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.