The earnings call presented a mixed outlook. While there were significant achievements in international growth and innovation, they were tempered by challenges in the U.S. market, currency impacts, and restructuring efforts.

Company Guidance

During the Align Technology Q3 2024 earnings call, the company reported mixed results with total revenues of $977.9 million, marking a 1.8% increase year-over-year. Clear Aligner volumes reached 617,000, showing a 2.5% increase year-over-year, driven by strong performance in the Asia Pacific, EMEA, and Latin American regions, despite a decline in the U.S. market. The company's non-GAAP operating margin improved to 22.1% from 21.8% in Q3 2023. Align introduced the iTero Lumina scanner with new technology, contributing to Systems and Services revenue growth of 15.6% year-over-year. The company announced restructuring actions, including a workforce reduction of around 700 positions, aiming for margin accretion in 2025 while continuing investments in 3D printing and other innovations. Align expects Q4 2024 revenues between $995 million and $1.015 billion, with slight growth in Clear Aligner volumes and ASPs, and Systems and Services revenues benefiting from typical Q4 seasonality.

Year-over-Year Revenue Growth

Q3 revenues of $978 million increased 1.8% year-over-year, despite challenges in the U.S. market.

Strong Growth in International Markets

Clear Aligner volumes were up 2.5% year-over-year, driven by strong growth in Asia Pacific, especially China, as well as EMEA and Latin American regions.

Record Teen Treatment Cases

A record 236,000 teens and younger patients started treatment with Invisalign Clear Aligners during the third quarter, up 6.7% year-over-year.

Innovations in Digital Dentistry

Introduction of new iTero Scanner products and innovations aimed at enhancing digital dentistry workflows, such as the iTero Lumina with advanced features.

Systems and Services Revenue Growth

Systems and Services business saw year-over-year revenue growth of 15.6%, driven by higher ASPs and increased nonsystem revenues.

Strong Performance in China

China showed strong growth, contributing to the record teen case starts and overall positive performance in the APAC region.

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Align Tech (ALGN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ALGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2025	2024 (Q4)	2.46 / -	2.42	―	―	―
Oct 23, 2024	2024 (Q3)	2.31 / 2.35	2.14	9.81% (+0.21)
Jul 24, 2024	2024 (Q2)	2.34 / 2.41	2.22	8.56% (+0.19)
Apr 24, 2024	2024 (Q1)	1.97 / 2.14	1.82	17.58% (+0.32)
Jan 31, 2024	2023 (Q4)	2.18 / 2.42	1.73	39.88% (+0.69)
Oct 25, 2023	2023 (Q3)	2.26 / 2.14	1.36	57.35% (+0.78)
Jul 26, 2023	2023 (Q2)	2.04 / 2.22	2	11.00% (+0.22)
Apr 26, 2023	2023 (Q1)	1.69 / 1.82	2.13	-14.55% (-0.31)
Feb 01, 2023	2022 (Q4)	1.53 / 1.73	2.83	-38.87% (-1.10)
Oct 26, 2022	2022 (Q3)	2.16 / 1.36	2.87	-52.61% (-1.51)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ALGN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	$207.66	$216.42	+4.22%
Jul 24, 2024	$244.80	$226.05	-7.66%
Apr 24, 2024	$313.78	$310.50	-1.05%
Jan 31, 2024	$267.32	$273.38	+2.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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