ALIGN TECHNOLOGY Business Summary

Align Technology Inc. (ALGN) is a global medical device leader specializing in digital orthodontics and restorative dentistry, primarily generating revenue through the sale of its proprietary Invisalign clear aligner system and iTero intraoral scanners. The company operates through two main business segments: Clear Aligner, which accounted for approximately $3.2 billion of its $4.0 billion total revenue in 2025, and Systems and Services, which includes the iTero scanner portfolio and exocad CAD/CAM software licenses. Align utilizes a transaction-based model for aligner shipments alongside a recurring service and licensing model for its digital workflow tools. As of early 2026, the company maintains a dominant market position despite increasing pricing pressure, competing directly with the Straumann Group, Dentsply Sirona, Henry Schein, and 3M. It remains the industry benchmark by leveraging a massive database of over 22 million treated patients to refine its AI-driven treatment planning software. Founded in 1997 by Zia Chishti and Kelsey Wirth, Align is currently led by President and CEO Joseph M. Hogan, a veteran executive who previously served as CEO of ABB and spent 25 years at General Electric, including eight years as CEO of GE Healthcare. The leadership team is bolstered by CFO John F. Morici, a former NBC Universal and GE Healthcare executive, and CTO Zelko Relic, who brought deep expertise in medical imaging from Siemens Medical Solutions and Danaher Corporation. The company’s strategic direction is overseen by a high-pedigree Board of Directors, which includes Chairman C. Raymond Larkin Jr. and notable members such as Joseph Lacob, a managing partner at Kleiner Perkins, and Britt Vitalone, the CFO of McKesson Corporation. Align remains heavily backed by major institutional investors, including T. Rowe Price and Vanguard, reflecting its status as a cornerstone of the digital dental economy.