NASDAQ$ALGN

Align Technology Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced record revenues and volumes from both Invisalign aligners and iTero scanners, as well as increased gross margins, operating margins, EPS, and cash flow.

Align Technology reported a strong Q4 2020 with record revenues of $834.5 million, up 28.4% year-over-year, driven by growth in both Invisalign aligners and iTero scanners. The company saw increased adoption from adults and teenagers, and its marketing campaigns generated significant increases in website traffic and leads.

  • Q4 2020 total revenues were $834.5 million, up 28.4% year-over-year.
  • Q4 2020 Clear Aligner revenues were $700.7 million, up 28.9% year-over-year.
  • Q4 2020 Imaging Systems and CAD/CAM Services revenues were $133.8 million, up 26.0% year-over-year.
  • Q4 2020 GAAP net income was $159.0 million, or $2.00 per diluted share.

Headline financials

Total Revenue

$835M

Previous: $650M+28.4%
EPS (adj)

$2.61

Previous: $1.53+70.6%
Clear Aligner Shipments

568.0K

Previous: 413.7K+37.3%
Capital Expenditures

$53.2M

Previous: $42.6M+24.9%
Free Cash Flow

$328M

Previous: $176M+86.9%
Net Income

$159M

Previous: $121M+31.1%
Operating Income

$213M

Previous: $151M+41.0%
Gross Profit

$610M

Previous: $472M+29.3%
Cash & Equivalents

$961M

Previous: $869M+10.6%
Total Assets

$4.83B

Previous: $2.5B+93.1%
Stock-Based Comp

$25.3M

Previous: $20.5M+23.3%

Revenue & EPS history

Align · Revenue · Quarterly

$835M

Q4 2020+28.4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Align · $835M total across 2 segments · Q4 2020

  • Clear Aligner
    $701M+28.9%
  • Imaging Systems and CAD/CAM Services
    $134M+26.0%

Forward guidance

Align Technology is off to a great start in 2021.

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 2020

Historical avgQ4 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