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…
Earnings analysis · 10-Q
ALGN earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.58
- Segment
- Clear Aligner
- Segment
- Systems and Services
What stood out
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Revenue Growth of 6.2% YoY
Total revenues rose to $1,040 million, a 6.2% increase from $979 million in Q1 2025.
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EPS Beat
Diluted EPS reached $2.58, an increase from $1.27 reported in Q1 2025.
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Improved Gross Margin
Gross margin increased to 70.8%, up from 69.5% in the prior year.
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Strong Clear Aligner Performance
Clear Aligner segment revenues grew by 7.4% YoY, totaling $856 million.
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Negative Tax Provision
Provision for income taxes decreased significantly to $36.1 million from $47.2 million YoY.
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Cash Flow Boost
Operating cash flow improved to $151 million, compared to $52.7 million in the prior year.
What to watch
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Geopolitical Uncertainty
Ongoing military conflict in the Middle East could disrupt supply chains and consumer demand, impacting future sales.
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Exchange Rate Fluctuations
Strengthening of the U.S. dollar could materially affect international revenue due to foreign currency risks.
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Legal Settlements
Legal settlements increased to $30.6 million, significantly higher than $4.2 million reported in Q1 2025, indicating possible corporate governance issues.
Management's outlook
Expects continued growth in international markets and strategic initiatives to enhance product offerings. Detailed guidance deferred to future earnings call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.