Align Technology
Builds Invisalign aligners, iTero scanners, and exocad software for digital dentistry.
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Profile
Sells doctor-prescribed Invisalign clear aligners and Vivera retainers, plus iTero intraoral scanners and exocad dental CAD/CAM software. Clear aligners generate most revenue, with scanners and software linking orthodontic and restorative workflows for dental practices and laboratories.
Designs, manufactures, and markets Invisalign clear aligners and Vivera retainers for orthodontists and general dentists. The Clear Aligner segment also includes Invisalign Palatal Expander and accessories, while the smaller Systems and Services segment sells iTero intraoral scanners and licenses exocad CAD/CAM software to dental practices and laboratories.
Connects digital scans, ClinCheck treatment planning, custom aligner fabrication, monitoring, and retention in a doctor-directed workflow. iTero and exocad extend that workflow into restorative dentistry. Sales span global markets, while manufacturing and treatment-planning operations are distributed across the Americas, Europe, and Asia.
Clear aligners generate most revenue. Demand depends on dental professionals prescribing the system and patients starting largely elective treatment, while products and software must meet medical-device, privacy, and data rules across markets.
Company facts
Categories
Key statistics
Year to date +1.0% · Average volume (30d) 908.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 23, 2026 | UBS | Reiterate | Neutral | $185 | $189 | |
| Jul 8, 2026 | BMO Capital | Initiate | Outperform | $209 | ||
| Apr 24, 2026 | Morgan Stanley | Reiterate | Equal Weight | $154 | $188 | |
| Apr 21, 2026 | Piper Sandler | Reiterate | Overweight | $220 | $235 | |
| Mar 17, 2026 | Barclays | Upgrade | Equal Weight | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.62 | $2.64 | +0.8% | $1.05B | $1.06B | +0.4% | −3.70% |
| Apr 29, 2026Q1 FY26 | $2.26 | $2.58 | +14.2% | $1.02B | $1.04B | +1.8% | −1.34% |
| Feb 4, 2026Q4 FY25 | $2.99 | $3.29 | +10.0% | $1.03B | $1.05B | +1.4% | +8.88% |
| Oct 29, 2025Q3 FY25 | $2.40 | $2.61 | +8.8% | $976.4M | $995.7M | +2.0% | +4.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $979.3M | $1.01B | $995.7M | $1.05B | $1.04B | $1.06B | |
| Gross profit | $680.1M | $708.1M | $639.2M | $688.1M | $736.6M | $688.0M | |
| Operating income | $131.1M | $163.0M | $96.3M | $159.6M | $172.7M | $123.3M | |
| Net income | $93.2M | $124.6M | $56.8M | $135.8M | $112.8M | $108.3M | |
| Diluted EPS | $1.27 | $1.72 | $0.78 | $1.89 | $1.57 | $1.52 | |
| Gross margin | 69.5% | 69.9% | 64.2% | 65.7% | 70.8% | 65.1% | |
| Operating margin | 13.4% | 16.1% | 9.7% | 15.2% | 16.6% | 11.7% |
Fiscal years (4-quarter sums)FY21 $3.95B · FY22 $3.73B · FY23 $3.86B · FY24 $4.00B · FY25 $4.03B
Revenue by product · FY25
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.10B · Total debt $120.8M · Total assets $6.42B · Shareholders' equity $4.23B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 71.62M · Float 66.91M · 93.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.42M | 6.17% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 4.40M | 6.15% | 13F | Aug 13, 2026 |
| FMR LLC | 4.06M | 5.67% | 13F | Aug 13, 2026 |
| Capital International Investors | 4.05M | 5.65% | 13F | Aug 12, 2026 |
| Capital World Investors | 3.42M | 4.78% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 18, 2026 | John Morici | officer: EVP, CHIEF FINANCIAL OFFICER | −7,969 | $189.31 |
Peers
- Envista
Spark, Damon, and DEXIS pressure aligners, braces, and scanners
- Dentsply Sirona
SureSmile and Primescan overlap with aligners and digital scans
- Solventum
Clarity aligners and brackets contest orthodontic case starts
- Henry Schein
Smilers and orthodontic distribution overlap with doctor channels
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Align Technology | $157.58 | +0.01% | $11.29B | 27.4 | 13.3 | 2.7 | +4.3% |
| Envista | $27.00 | −0.52% | $4.41B | 46.8 | 17.2 | 1.5 | +7.1% |
| Dentsply Sirona | $11.13 | +0.09% | $2.23B | — | 7.5 | 0.6 | −4.1% |
| Solventum | $90.50 | −0.68% | $15.78B | 11.1 | 13.5 | 1.9 | +2.2% |
| Henry Schein | $89.52 | +0.01% | $10.20B | 26.1 | 15.8 | 0.7 | +6.7% |
| Median | 26.1 | 14.7 | 1.1 | +4.5% |






