ALGN · NASDAQ · Medical - Devices

Align Technology

Builds Invisalign aligners, iTero scanners, and exocad software for digital dentistry.

$157.58
After-hours close+0.02 (+0.01%)
At close$157.56(−0.81%)
Loading prices…

Profile

Align Technology, Inc.ALGNHealth Care

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

CEOJoseph M. Hogan
ListedJan 30, 2001
ExchangeNASDAQ
HeadquartersTempe, AZ
CountryUnited States
Employees20,290
CIK0001097149
ISINUS0162551016

Key statistics

Market cap$11.29B
EPS (ttm)$5.76
P/E (ttm)27.36
ROE10.1%
P/B2.66
P/S2.73
Dividend yield
Beta1.43vs XLV 0.64

Year to date +1.0% · Average volume (30d) 908.0K

Analysts

Price target, next 12 months$199.00+26.3%Median of 33 analysts · vs the Aug 28 close
ConsensusBuy24 of 33 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 23, 2026UBSReiterateNeutral$185$189
Jul 8, 2026BMO CapitalInitiateOutperform$209
Apr 24, 2026Morgan StanleyReiterateEqual Weight$154$188
Apr 21, 2026Piper SandlerReiterateOverweight$220$235
Mar 17, 2026BarclaysUpgradeEqual WeightOverweight

Earnings

EPS

Estimate$2.78
ReportedDue Oct 28, 2026

Revenue

Estimate$1.01B
ReportedDue Oct 28, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin69.5%69.9%64.2%65.7%70.8%65.1%
Operating margin13.4%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

Clear Aligner$3.25B · 80%
Scanners And Services$789.6M · 20%

Revenue by geography · Q2 FY26

Other International$412.4M · 39%
United States$395.2M · 37%
Switzerland$248.6M · 24%

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

Institutions 121.01%Insiders 0.67%

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

HolderShares% outstandingFormFiled
BlackRock, Inc.4.42M6.17%13FAug 7, 2026
Vanguard Capital Management LLC4.40M6.15%13FAug 13, 2026
FMR LLC4.06M5.67%13FAug 13, 2026
Capital International Investors4.05M5.65%13FAug 12, 2026
Capital World Investors3.42M4.78%13FAug 12, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 18, 2026John Moriciofficer: EVP, CHIEF FINANCIAL OFFICER−7,969$189.31
View details

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

CompanyPriceChange
Align Technology$157.58+0.01%$11.29B27.413.32.7+4.3%
Envista$27.00−0.52%$4.41B46.817.21.5+7.1%
Dentsply Sirona$11.13+0.09%$2.23B7.50.6−4.1%
Solventum$90.50−0.68%$15.78B11.113.51.9+2.2%
Henry Schein$89.52+0.01%$10.20B26.115.80.7+6.7%
Median26.114.71.1+4.5%