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

Current year versus prior year constant currency analysis:

		Year Ended December 31,
		2023			2022
GAAP gross profit		$	2,706,863		$	2,633,775
Constant currency impact on net revenues			36,310
Constant currency gross profit		$	2,743,174

		Year Ended December 31,
		2023			2022
GAAP gross margin		70.1	%		70.5	%
Constant currency impact on net revenues(1)		0.3
Constant currency gross margin(1)		70.4	%

Note:

⁽¹⁾ We define constant currency gross margin as constant currency gross profit as a percentage of constant currency net revenues. Gross margin constant currency impact is the increase or decrease in constant currency gross margin compared to the GAAP gross margin.
⁽⁺⁾ 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 INCOME FROM OPERATIONS AND OPERATING MARGIN
(in thousands, except percentages)

Sequential constant currency analysis:

		Three Months Ended
		December 31, 2023			September 30, 2023
GAAP income from operations		$	171,545		$	166,346
Income from operations constant currency impact (1)			8,226
Constant currency income from operations (1)		$	179,771

		Three Months Ended
		December 31, 2023			September 30, 2023
GAAP operating margin		17.9	%		17.3	%
Operating margin constant currency impact (2)		0.6
Constant currency operating margin (2)		18.5	%

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