Align Technology Inc

Latest Results (11.11.2025):

In Q3 2025, Align Technology Inc reported a solid financial performance with total revenues of $995.7 million – up 1.8% year-over-year but down 1.7% sequentially – driven largely by a strong performance in its Clear Aligner segment and favorable foreign exchange impacts. The quarter saw clear aligner volumes grow, particularly among teens and kids, while operating income reached $96.3 million with a GAAP margin of 9.7% and a non-GAAP margin of 23.9%. Additionally, the company increased its cash position and executed strategic share repurchases despite headwinds in its imaging systems segment and restructuring-related charges.

Total Revenues & Margins

For Q3 2025, Align Technology Inc recorded total revenues of $995.7 million, reflecting a 1.8% increase year-over-year and a 1.7% sequential decline. Operating income was reported at $96.3 million, with a GAAP operating margin of 9.7% and a non-GAAP margin of 23.9%, benefiting from favorable foreign exchange adjustments.

Clear Aligner Performance

The Clear Aligner segment delivered strong results with revenues of $805.8 million, up 2.4% year-over-year and 0.1% sequentially. Total clear aligner volume reached 647.8 thousand cases (up 4.9% year-over-year and 0.5% sequentially), with the teens and kids segment showing particularly robust growth at 8.3% year-over-year and 14.7% sequentially to 256.0 thousand cases.

Imaging Systems & CAD/CAM Services

Revenues from Imaging Systems and CAD/CAM Services were $189.9 million, experiencing a slight decline of 0.6% year-over-year and an 8.6% sequential drop, mainly attributed to typical Q3 capital equipment seasonality.

Cash Position & Stock Repurchases

Align Technology Inc reinforced its balance sheet with cash and cash equivalents of $1,004.6 million, up from $901.2 million in Q2 2025. The company also repurchased approximately 0.5 million shares at an average price of $136.77, under its $200.0 million open market repurchase plan.

Restructuring & Other Charges

Q3 2025 included restructuring, impairment, and accelerated depreciation charges totaling $88.3 million, which, alongside other non-cash charges, impacted the overall operating performance for the quarter.