ALGN earnings analysis
What we found in ALGN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Align Technology reported a strong Q1 2026, with revenues of $1,040 million and EPS of $2.58, both surpassing analyst expectations. The company continues to capitalize on Clear Aligner sales, supported by a strategic focus on international markets, despite facing macroeconomic challenges and geopolitical tensions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 6.2% YoY
- Total revenues rose to $1,040 million, a 6.2% increase from $979 million in Q1 2025.
- EPS Beat
- Diluted EPS reached $2.58, an increase from $1.27 reported in Q1 2025.
- Improved Gross Margin
- Gross margin increased to 70.8%, up from 69.5% in the prior year.
- Strong Clear Aligner Performance
- Clear Aligner segment revenues grew by 7.4% YoY, totaling $856 million.
- Negative Tax Provision
- Provision for income taxes decreased significantly to $36.1 million from $47.2 million YoY.
- Cash Flow Boost
- Operating cash flow improved to $151 million, compared to $52.7 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Geopolitical Uncertainty
- Ongoing military conflict in the Middle East could disrupt supply chains and consumer demand, impacting future sales.
- Exchange Rate Fluctuations
- Strengthening of the U.S. dollar could materially affect international revenue due to foreign currency risks.
- Legal Settlements
- Legal settlements increased to $30.6 million, significantly higher than $4.2 million reported in Q1 2025, indicating possible corporate governance issues.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.58
- Gross margin
- 70.8%
- Operating margin
- 13.6%
- Segment
- Clear Aligner
- Segment
- Systems and Services
What they said about what is next.
Expects continued growth in international markets and strategic initiatives to enhance product offerings. Detailed guidance deferred to future earnings call.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- Align positions itself as an end-to-end digital dentistry company built around the Align™ Digital Platform (Invisalign clear aligners, iTero scanners, exocad software) and emphasizes scale (over 22 million patients…
- 10-Q · August 6, 2025
- Align reported Q2 net revenues of $1,012,449 (in thousands), down slightly vs. prior-year quarter, while gross margin held near 69.9% and operating margin improved to 16.1%. Income from operations rose to $163,033 (in…
- 10-K · February 28, 2024
- Align Technology, Inc. reported significant growth in its 2023 10-K, with total revenue reaching approximately $3.83 billion, compared to $3.54 billion in 2022. The company highlighted a 29.7% increase in diluted…
- 10-Q · November 3, 2023
- Align reported Q3 2023 revenue of $960,214,000 (up from $890,348,000 in Q3 2022) and diluted EPS of $1.58 (up from $0.93). Gross profit was $663,076,000 and income from operations was $166,346,000; cash and cash…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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