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Dec 31, 2024
Align Q4 2024 Earnings Report
Expected Revenue:$999M
+8.0% YoY
Expected EPS:$2.38
+9.8% YoY
Key Takeaways
Align Technology's Q4 2024 total revenues reached $995.2 million, a 4.0% increase year-over-year. Clear Aligner revenues grew by 1.6%, and Systems and Services revenues increased by 14.9%. The company's diluted net income per share was $1.39, while non-GAAP diluted net income per share was $2.44.
Q4 total revenues were $995.2 million, up 4.0% year-over-year.
Clear Aligner volumes increased by 6.1% year-over-year.
Systems and Services revenues grew by 14.9% year-over-year.
Diluted net income per share was $1.39, and non-GAAP diluted net income per share was $2.44.
Align
Align
Align Revenue by Segment
Revenue by Segment
Clear Aligner Revenue
CapyFin.comImaging Systems and CAD/CAM Services Revenue
CapyFin.com Forward Guidance
Align Technology anticipates Q1 2025 worldwide revenues to range from $965M to $985M, with a slight sequential increase in Clear Aligner volume. For fiscal year 2025, the company expects low single-digit revenue growth and mid-single-digit growth in Clear Aligner volume.
Positive Outlook
- Expects Q1 Clear Aligner volume to be up slightly sequentially.
- Expects 2025 Clear Aligner volume growth to be up approximately mid-single digits year-over-year.
- Expects 2025 Systems and Services year-over-year revenues to grow faster than Clear Aligner revenues.
- Expects fiscal 2025 GAAP operating margin to be approximately 2 points above 2024 GAAP operating margin.
- Expects 2025 non-GAAP operating margin to be approximately 22.5%.
Challenges Ahead
- Expects Q1 worldwide revenues to be down sequentially from Q4, primarily due to the impact from unfavorable foreign exchange.
- Expects Q1 Clear Aligner ASPs to be down sequentially, primarily due to unfavorable foreign exchange.
- Expects Q1 Systems and Services revenues to be down sequentially due to the timing of the commercial availability of iTero Lumina™ scanner.
- Expects Q1’25 GAAP operating margin to be below Q1’24 GAAP operating margin by approximately 2 points.
- Expects Q1’25 non-GAAP operating margin to be below Q1’24 non-GAAP operating margin by approximately 1 point.
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Key Statistics
Market Cap
$9.9B
P/E Ratio
18.04
Sector
Health Technology
Industry
Medical Specialties
52-Week High
$257
52-Week Low
$129
Clear Aligner Shipments
628.73K