NASDAQ$ALGN

Align Technology Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced third quarter 2020 financial results, achieving a 9 millionth Invisalign patient milestone.

Align Technology reported strong Q3 2020 results with total revenues of $734.1 million, up 20.9% year-over-year. Clear Aligner revenues were $620.8 million, up 20.2% year-over-year, and Imaging Systems and CAD/CAM Services revenues were $113.4 million, up 24.5% year-over-year. The company also reached its 9 millionth Invisalign patient milestone.

  • Total revenues reached $734.1 million, a 20.9% increase year-over-year.
  • Clear Aligner revenues increased by 20.2% year-over-year, reaching $620.8 million.
  • Imaging Systems and CAD/CAM Services revenues grew by 24.5% year-over-year to $113.4 million.
  • Clear Aligner volume was 496.1 thousand cases, up 28.7% year-over-year.

Headline financials

Total Revenue

$734M

Previous: $607M+20.9%
EPS (adj)

$2.25

Previous: $1.22+84.4%
Clear Aligner Shipments

496.1K

Previous: 385.5K+28.7%
Capital Expenditures

-$102M

Previous: -$107M+5.0%
Free Cash Flow

$37.6M

Previous: -$4.63M+911.9%
Net Income

$139M

Previous: $103M+35.9%
Operating Income

$177M

Previous: $127M+39.3%
Gross Profit

$534M

Previous: $438M+22.1%
Cash & Equivalents

$616M

Previous: $490M+25.5%
Total Assets

$4.42B

Previous: $2.35B+87.8%
Stock-Based Comp

$25.2M

Previous: $24.2M+4.4%

Revenue & EPS history

Align · Revenue · Quarterly

$734M

Q3 2020+20.9%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Align · $113M total across 1 segment · Q3 2020

  • Imaging Systems and CAD/CAM Services
    $113M+24.5%

Forward guidance

The company's overall revenue momentum has continued into October and they are encouraged by positive feedback from Invisalign providers regarding the benefits of digital orthodontics starting with an iTero scanner for Invisalign treatment - especially in this COVID-19 environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+2.5%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.3%

Avg return

30 days after

66%

45 / 68 earnings

Positive

+35.5%

Q3 2020

Best reaction

-28.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-5.4%-2.0%
Q4 2025+8.9%+21.7%+7.9%
Q3 2025+5.0%+2.9%+11.6%
Q1 2025+2.0%-0.1%+4.4%
Q4 2024+0.9%-2.7%-19.7%
Q3 2024+2.7%+2.4%+7.2%
Q2 2024-9.8%-10.6%-6.7%
Q1 2024-0.4%-2.3%-18.0%
Q4 2023+3.3%+4.1%+13.3%
Q3 2023-28.2%-29.7%-17.3%
Q2 2023+16.0%+13.8%+7.3%
Q1 2023-9.6%-9.7%-18.8%
Q4 2022+33.4%+27.0%+24.0%
Q3 2022-16.7%-10.9%-10.7%
Q2 2022+12.1%+12.3%+0.2%
Q1 2022-15.7%-14.5%-21.2%
Q4 2021-1.0%-1.6%-8.7%
Q3 2021+6.5%+11.5%+6.9%
Q2 2021+8.2%+11.9%+12.2%
Q1 2021-2.8%-3.5%-5.1%
Q4 2020+10.3%+8.0%-3.8%
Q3 2020+35.5%+35.8%+33.4%
Q2 2020-5.2%-2.1%-6.7%
Q1 2020+5.6%+3.3%+20.7%
Q4 2019-1.8%-5.5%-18.5%
Q3 2019+16.8%+17.2%+28.5%
Q2 2019-26.4%-28.2%-35.9%
Q1 2019+0.2%+7.2%+5.2%
Q4 2018+5.1%+10.2%+16.9%
Q3 2018-25.5%-30.1%-29.8%
Q2 2018-2.6%-6.4%-1.3%
Q1 2018+8.4%+4.3%+32.9%
Q4 2017-5.3%-7.0%-11.3%
Q3 2017+16.9%+18.5%+26.3%
Q2 2017+9.1%+6.8%+8.7%
Q1 2017+12.4%+12.0%+18.7%
Q4 2016+8.1%+6.5%+15.7%
Q3 2016+3.6%+6.8%+14.5%
Q2 2016+4.7%+6.1%+8.8%
Q1 2016-3.5%
Q4 2015+7.7%
Q3 2015+10.4%
Q2 2015-7.4%
Q1 2015+5.8%
Q4 2014-9.4%
Q3 2014+7.3%
Q2 2014+6.1%
Q1 2014-2.4%
Q4 2013+2.9%
Q3 2013+32.6%
Q2 2013+10.4%
Q1 2013+2.3%
Q4 2012+9.0%
Q3 2012-26.4%
Q2 2012+10.8%
Q1 2012+13.7%
Q4 2011-2.1%
Q3 2011+2.9%
Q2 2011-4.3%
Q1 2010-2.0%
Q1 2011+1.6%
Q4 2010+5.1%
Q4 2008+5.1%
Q3 2009+6.3%
Q3 2010+6.3%
Q4 2009+0.4%
Q2 2010+0.4%
Q2 2009+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro