Note:
⁽¹⁾ We define constant currency net revenues as total net revenues excluding the effect of foreign exchange rate movements and use it to determine the percentage for the constant currency impact on net revenues on a sequential, year-over-year and current year versus prior year basis. Constant currency impact in dollars is calculated by translating the current period GAAP net revenues using the foreign currency exchange rates that were in effect during the previous comparable period and subtracting it by the current period GAAP net revenues. The percentage for the constant currency impact on net revenues is calculated by dividing the constant currency impact in dollars (numerator) by constant currency net revenues in dollars (denominator).
⁽⁺⁾ Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding. Refer to "About Non-GAAP Financial Measures" section of press release.

ALIGN TECHNOLOGY, INC.
UNAUDITED GAAP TO NON-GAAP RECONCILIATION CONTINUED⁺
CONSTANT CURRENCY GROSS PROFIT AND GROSS MARGIN
(in thousands, except percentages)

Sequential constant currency analysis:

		Three Months Ended
		December 31, 2023			September 30, 2023
GAAP gross profit		$	669,524		$	663,076
Constant currency impact on net revenues			12,782
Constant currency gross profit		$	682,306

		Three Months Ended
		December 31, 2023			September 30, 2023
GAAP gross margin		70.0	%		69.1	%
Gross margin constant currency impact (1)		0.4
Constant currency gross margin (1)		70.4	%

Year-over-year constant currency analysis:

		Three Months Ended December 31,
			2023				2022
GAAP gross profit		$	669,524			$	617,701
Constant currency impact on net revenues			(13,805	)
Constant currency gross profit		$	655,719

		Three Months Ended December 30,
		2023			2022
GAAP gross margin		70.0	%		68.5	%
Gross margin constant currency impact (1)		(0.4	)
Constant currency gross margin (1)		69.5	%

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