Overview

* Align Q3 2025 revenue up 1.8% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 2025 beats consensus, driven by strong international performance

* Company repurchased 0.5 mln shares at $136.77 average price

Outlook

* Company expects Q4'25 revenues between $1,025M and $1,045M

* Align sees Q4'25 GAAP gross margin at 65.5% to 66.0%

* Company forecasts 2025 Clear Aligner volume growth in mid-single digits

Result Drivers

* CLEAR ALIGNER VOLUME - Clear Aligner volumes increased 4.9% yr/yr, driven by strength in international markets and growth in the teens and kids segment

* FOREIGN EXCHANGE IMPACT - Revenue and operating margins were favorably impacted by foreign exchange, contributing $15.6 mln to revenue yr/yr

* IMAGING SYSTEMS DECLINE - Imaging Systems and CAD/CAM Services revenues fell 0.6% yr/yr due to capital equipment seasonality

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $995.70 $976.33

Revenue mln mln (12

Analysts

)

Q3 Beat $2.61 $2.40

Adjusted (13

EPS Analysts

)

Q3 EPS $0.78

Q3 Beat $189 mln $172.89

Adjusted mln (11

Net Analysts

Income )

Q3 Net $56.80

Income mln

Q3 Beat $237.80 $206.92

Adjusted mln mln (12

Operatin Analysts

g Income )

Q3 23.90%

Adjusted

Operatin

g Margin

Q3 Gross $639.20

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

* Wall Street's median 12-month price target for Align Technology Inc ( ALGN ) is $171.00, about 22.1% above its October 28 closing price of $133.14

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)