Align Technology reports Q1 adjusted EPS $2.13, consensus $1.99

Reports Q1 revenue $979.3M, consensus $975.81M. Commenting on Align’s Q1’25 results, Align Technology (ALGN) President and CEO Joe Hogan said, “I am pleased to report first quarter revenues, operating margin, and earnings in line with our outlook. Fiscal 2025 is off to a good start with Q1 Clear Aligner volumes up both sequentially and year-over-year, reflecting strength in both the teens and adult patient segments, across all regions, driven by year over year strength across the Asia Pacific and EMEA regions, and growth in North America. It is worth noting that Q1 is our highest year-over-year growth rate for both adult and teen patients since 2021. From a channel perspective, Q1 Clear Aligner volumes in the orthodontic and GP dentist channels increased year-over-year with a record number of total submitters and utilization for GP dentists for a first quarter. For our Systems and Services business, Q1 revenues were down sequentially, reflecting Q1 seasonality as well as unfavorable foreign exchange. On a year-over-year basis, Q1 Systems and Services revenues were up slightly, reflecting continued adoption of the iTero(TM) Lumina scanner platform, as well as the launch of the iTero Lumina with restorative software at the end of March. The first quarter also marked a significant milestone for Align as we reached the 20 million Invisalign(R) patient ‘smilestone’, which kicks off a yearlong celebration recognizing our doctor customers, their patients, and our employees who have made this major achievement possible. The milestone is a testament to the confidence doctors and consumers worldwide have in the Invisalign brand and Invisalign treatment, and we are grateful for their trust and their choice for transforming smiles. We will share more about our ’20 Million Smiles, 20 Million Stories, Unlimited Possibilities’ campaign in the coming weeks.” v