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Align Technology Inc
F:AFW

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Align Technology Inc
F:AFW
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Price: 141.75 EUR 1.11% Market Closed
Market Cap: €10.7B

Align Technology Inc
Investor Relations

Align Technology makes clear dental aligners and the digital tools that go with them. Its best-known product is Invisalign, a custom plastic system used to straighten teeth without metal braces. The company also sells scanners, software, and related services that help dentists and orthodontists plan and monitor treatment. Its main customers are dental professionals, orthodontists, and other oral care providers who buy the systems and use them in their practices. Align makes money by selling aligners for each patient case, along with scanners and software that support treatment planning and workflow. Patients are the end users, but the business is built around selling to the professionals who prescribe and deliver care. What makes Align different is that it sits at the intersection of healthcare and digital manufacturing. It combines 3D imaging, treatment software, and custom-made orthodontic products into one system. That gives it a role not just as a medical device maker, but as a technology supplier that helps dental practices offer a more predictable, branded clear-aligner treatment option.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Beat and raise posture: Align said Q1 was better than expected, with revenue of $1.04 billion, record clear aligner shipments of 686,000 cases, and margin performance above outlook.

Demand strength: Clear aligner volumes grew across regions, led by double-digit growth internationally, while North America remained stable to slightly down and retail traffic was softer.

Guidance held: Management reaffirmed full-year 2026 guidance and gave Q2 revenue guidance of $1.04 billion to $1.06 billion, while taking a cautious stance because of Middle East uncertainty and macro risk.

Margin lift: Gross margin and operating margin improved year over year, helped by higher ASPs, operational efficiencies, and a better mix of lower-refinement products.

Capital return: Align completed its prior $200 million buyback plan and announced another $200 million repurchase program over the next six months.

Strategic growth: Management highlighted progress in DSOs, patient financing, treatment planning services, and new product areas like zero-refinement configurations, direct printing, and restorative dentistry.

Key Financials
Revenue
$1.041 billion
Clear Aligner revenue
$856 million
Clear Aligner shipments
686,000 cases
Systems and Services revenue
$184.1 million
Clear Aligner average per case shipment price
$1,250
Clear Aligner gross margin
71.6%
Gross margin
70.8%
Operating margin
13.6%
Non-GAAP operating margin
21.5%
Net income per diluted share
$1.57
Cash and cash equivalents
$1.0598 billion
Free cash flow
$120.3 million
Cash flow from operations
$151 million
Capital expenditures
$30.8 million
Share repurchases completed
$200 million
Accounts receivable
$1,125.1 million
Days sales outstanding
97 days
Clear Aligner deferred revenue
decreased $77.2 million
Systems and Services deferred revenue
decreased $22.4 million
Q1 effective tax rate
24.3%
Q1 non-GAAP effective tax rate
20%
Installed base of active scanners
more than 125,000 globally
iTero digital scans
over 12 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Joseph M. Hogan
President, CEO & Director
No Bio Available
Mr. Emory M. Wright
Executive Vice President of Direct Fabrication Platform & Operations
No Bio Available
Mr. Zelko Relic
Executive VP & CTO
No Bio Available
Ms. Shirley Stacy
Vice President of Corporate Communications & Investor Relations
No Bio Available
Ms. Jennifer Olson-Wilk
Executive VP & Chief Customer Officer
No Bio Available
Ms. Sreelakshmi Kolli
Executive VP & Chief Product and Digital Officer
No Bio Available
Mr. Srini Kaza
Executive Vice President of Research & Development
No Bio Available
Mr. Karim Boussebaa
Executive VP & MD of iTero Scanner and Services Business
No Bio Available
Dr. Mitra Derakhshan
Executive Vice President & Chief Clinical Officer
No Bio Available
Mr. David Carr
EVP and MD of the Asia Pacific region
No Bio Available

Contacts

Address
ARIZONA
Tempe
410 North Scottsdale Road, Suite 1300
Contacts
+14084701000.0
www.aligntech.com
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