Align Technology reported record full year revenue and strong growth in Systems and Services, with expanding doctor network and positive product feedback. However, challenges include unfavorable foreign exchange impacts, soft orthodontic market in North America, sequential decline in the teen segment, higher restructuring costs, and operating margin pressure.

Company Guidance

During the Align Technology Fourth Quarter and Full Year 2024 Earnings Call, the company provided detailed guidance for the upcoming year, highlighting several key metrics. Total revenues for Q4 2024 were reported at $995 million, reflecting a 4% year-over-year increase, with System Services revenues up 14.9% and Clear Aligner revenues up 1.6%. For the full year, total revenues reached $4 billion, marking a 3.5% increase from the previous year. The company achieved a non-GAAP operating margin of 21.8% for fiscal 2024, surpassing fiscal 2023. Looking ahead to 2025, Align expects year-over-year revenue growth in the low single digits, factoring in a 2-point unfavorable impact from foreign exchange. Clear Aligner volume growth is projected to rise by mid-single digits, with ASPs expected to decline due to exchange rates and product mix shifts. Despite these challenges, Align anticipates a 2-point increase in GAAP operating margin for 2025, supported by restructuring actions and continued investments in capital expenditures estimated between $100 million and $150 million.

Record Full Year Revenue

Align Technology reported a record full year total worldwide revenue of $4 billion for fiscal 2024, indicating solid progress across the business.

Strong Growth in Systems and Services

Year-over-year revenue growth of 14.9% in the Systems and Services segment, driven by higher scanner volumes and increased non-systems revenues.

Clear Aligner Volume Growth

Fourth quarter Clear Aligner volumes grew 6.1% year-over-year, with strength in EMEA, APAC, and LatAm regions, and stability in North America.

Expanding Doctor Network

Achieved cumulative milestones of 272,000 active Invisalign trained practitioners and 19.5 million Invisalign patients.

Positive Response to New Products

Invisalign Palatal Expander system gaining traction among orthodontists and patients, with positive feedback from parents and a significant milestone in regulatory approvals in Europe.

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Align Tech (ALGN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ALGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	2.03 / -	2.14	―	―	―
Feb 05, 2025	2024 (Q4)	2.45 / 2.44	2.42	0.83% (+0.02)
Oct 23, 2024	2024 (Q3)	2.31 / 2.35	2.14	9.81% (+0.21)
Jul 24, 2024	2024 (Q2)	2.34 / 2.41	2.22	8.56% (+0.19)
Apr 24, 2024	2024 (Q1)	1.97 / 2.14	1.82	17.58% (+0.32)
Jan 31, 2024	2023 (Q4)	2.18 / 2.42	1.73	39.88% (+0.69)
Oct 25, 2023	2023 (Q3)	2.26 / 2.14	1.36	57.35% (+0.78)
Jul 26, 2023	2023 (Q2)	2.04 / 2.22	2	11.00% (+0.22)
Apr 26, 2023	2023 (Q1)	1.69 / 1.82	2.13	-14.55% (-0.31)
Feb 01, 2023	2022 (Q4)	1.53 / 1.73	2.83	-38.87% (-1.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ALGN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$216.36	$218.38	+0.93%
Oct 23, 2024	$207.66	$216.42	+4.22%
Jul 24, 2024	$244.80	$226.05	-7.66%
Apr 24, 2024	$313.78	$310.50	-1.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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