NASDAQ$ALGN
Align Technology Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Announced strong financial results with record revenues and volumes.
Align Technology reported a 21.7% increase in total revenues for Q4 2019, reaching $649.8 million. Clear aligner revenues increased by 22.0% to $543.6 million, and scanner and services revenues increased by 20.2% to $106.2 million. Invisalign case volume reached 413.7 thousand, up 23.9% year-over-year.
- Total revenues were $649.8 million, up 21.7% year-over-year.
- Clear aligner revenues were $543.6 million, up 22.0% year-over-year.
- Scanner and services revenues were $106.2 million, up 20.2% year-over-year.
- Invisalign volume was 413.7 thousand cases, up 23.9% year-over-year.
Headline financials
Revenue & EPS history
Align · Revenue · Quarterly
$650M
Revenue by segment
Align · $650M total across 2 segments · Q4 2019
- Clear Aligner$544M—83.7%
- Imaging Systems and CAD/CAM Services$106M—16.3%
Forward guidance
For Q1 2020, Align expects a reduction in Invisalign case shipments and revenues due to the novel coronavirus outbreak in China.
Tailwinds
- Strong growth in other regions.
- Strong momentum in the Americas.
- Strong momentum across EMEA.
- Strong momentum in all other countries in APAC especially Japan.
- Strong momentum in Australia/New Zealand, Southeast Asia, Taiwan and Korea.
Headwinds
- Approximately 20,000 to 25,000 fewer Invisalign case shipments.
- Approximately $30.0 million to $35.0 million less revenues for Invisalign and iTero products sold in China.
- Absorbing $3.0 million to $4.0 million in idle China plant capacity costs.
- Approximately a 0.5% gross margin impact.
- Increased uncertainty and disruption to employees, customers/doctors’ practices, their patients and consumers in China.
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 Q4 2019
+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
| Quarter | Report date | Reaction (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% | — | — |
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