NASDAQ$ALGN

Align Technology Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Align Technology reported Q4 2025 revenues of $1.05B with diluted EPS of $1.89 and non-GAAP EPS of $3.29.

Record fourth-quarter revenues of $1,047.6 million rose 5.3% year over year. Clear Aligner revenues were $838.1 million (+5.5%). GAAP net income was $135.8 million ($1.89 diluted EPS); non-GAAP diluted EPS was $3.29.

  • Q4 revenue $1.05B (+5.3% YoY); Clear Aligner cases 676.9K (+7.7%).
  • Non-GAAP operating margin above outlook.
  • FY25 revenue $4.0B; teen/kid starts 935.8K (+7.8%).
  • Restructuring charges $67.5M in Q4.

Headline financials

Total Revenue

$1.05B

Previous: $995M+5.3%
EPS (adj)

$3.29

Previous: $1.39+135.9%
Clear Aligner Shipments

676.9K

Previous: 628.7K+7.7%
Invisalign Trained Doctors Cases Shipped To

87.7K

Previous: 85.7K+2.4%
Invisalign Trained Doctor Utilization Rates

7.7%

Previous: 7.3%+5.5%
Clear Aligner Revenue Per Case Shipment

$1.24K

Previous: $1.27K-2.0%
Net Income

$136M

Previous: $104M+30.8%
Operating Income

$155M

Previous: $144M+7.8%
Gross Profit

$684M

Previous: $704M-3.0%

Revenue & EPS history

Align · Revenue · Quarterly

$1.05B

Q4 2025+5.3%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Align · $960M total across 2 segments · Q3 2023

  • Clear Aligner
    $795M
  • Imaging Systems and CAD/CAM Services
    $165M+5.0%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

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 2025

Historical avgQ4 2025

+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%

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