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Mar 31, 2025
Align Q1 2025 Earnings Report
Align reported lower revenue and earnings versus the prior year, but saw strong Clear Aligner volume growth across all regions.
Key Takeaways
Align Technology's Q1 2025 results showed a decline in revenue and net income compared to Q1 2024, but Clear Aligner shipments grew to their highest year-over-year rate since 2021. Strength was seen across APAC, EMEA, and North America, especially among teens and general practitioners.
Revenue by Segment
Forward Guidance
Align expects sequential growth in revenue and margins in Q2 2025, driven by continued strength in Clear Aligners and ramp-up of the iTero Lumina scanner.
Positive Outlook
- Q2’25 revenues expected to rise to $1.05B–$1.07B
- Clear Aligner volumes and ASPs expected to increase
- iTero Lumina scanner adoption to drive Systems revenue
- Gross margin to improve sequentially
- GAAP and non-GAAP operating margins expected to rise by ~3 points
Challenges Ahead
- ASP pressure from product mix shift to lower-priced aligners
- Ongoing foreign exchange headwinds
- Uncertainty around US-Mexico tariffs
- Potential VAT challenges in UK pending appeal
- Overall macroeconomic uncertainty could affect demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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