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TEMPE, Ariz. - Align Technology , Inc. (NASDAQ:ALGN) reported first quarter earnings that beat analyst estimates and provided an optimistic outlook, sending its shares up 7.9% in after-hours trading on Wednesday.
The maker of Invisalign clear aligners posted adjusted earnings per share of $2.13, surpassing the consensus estimate of $2.00. Revenue came in at $979.3 million, slightly above expectations of $977.54 million but down 1.8% YoY.
Align’s Q1 Clear Aligner volume grew 6.2% YoY to 642,305 cases, reflecting strength across all regions. The company highlighted particular growth in teen and young adult patients, with volume up 13.3% YoY for that segment.
Looking ahead, Align provided upbeat guidance for the second quarter and full year 2025. The company expects Q2 revenue between $1.05-1.07 billion, in line with analyst estimates. For fiscal 2025, Align projects revenue growth of 3.5% to 5.5% at current exchange rates.
"Fiscal 2025 is off to a good start with Q1 Clear Aligner volumes up both sequentially and year-over-year, reflecting strength in both the teens and adult patient segments, across all regions," said Align CEO Joe Hogan.
The company also announced reaching 20 million Invisalign patients treated, a milestone Hogan called "a testament to the confidence doctors and consumers worldwide have in the Invisalign brand."
Align expects Clear Aligner volume growth in the mid-single digits for 2025, though average selling prices are projected to decline due to product mix shifts. The company anticipates its Systems and Services segment to outpace Clear Aligner revenue growth this year.
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