Align Technology Non-GAAP EPS of $1.73 beats by $0.20, revenue of $901.5M beats by $19.61M
Align Technology press release (NASDAQ:ALGN): Q4 Non-GAAP EPS of $1.73  beats by $0.20.
Revenue of $901.5M (-12.5% Y/Y)  beats by $19.61M.
Q4 revenues were unfavorably impacted by foreign exchange of approximately $16.0 million sequentially and approximately $67.6 million year over year
Shares +15%.
Board of Directors has authorized a new $1 billion stock repurchase program, to succeed the current $1 billion program that is expected to be completed in Q2 2023 
we anticipate 2023 GAAP operating margin to be slightly above 16% and expect our 2023 non-GAAP operating margin to be slightly above 20%.
we expect Q1â23 revenues to be about flat to Q4â22. We expect our Q1â23 GAAP operating margin to be up approximately 1% point from Q4â22 GAAP operating margin and expect our Q1â23 non-GAAP operating margin to be consistent with Q4â22 non-GAAP operating margin, as we continue to make investments in R&D and go-to-market activities.
For 2023, we expect our investments in capital expenditures to exceed $200 million.