Rich Duprey
4 min read
Quick Read
-
ALGN ships a record 691.8K aligners in Q2, but scanner revenue drops 10.8% to $185.3M as practices shift to cheaper options.
-
Four straight EPS beats haven’t moved the stock. Shares fell 3.7% after Q2 and sit down roughly 11% from the post-earnings close.
-
ASP is set to fall sequentially from $1,260 due to geographic mix, FX, and lower-priced products, putting pressure on international volume to compensate.
-
Building a portfolio and living off one are two completely different skills, and almost nobody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Align Technology (NASDAQ:ALGN) reports third-quarter results on October 28. North America is flat and scanner revenue is shrinking, so I’ll be watching whether double-digit international aligner growth can keep the Invisalign story moving.
Record Aligner Volumes Meet Shrinking Scanner Sales
In Q2, Align shipped a record 691.8K Clear Aligner cases, +7.4% YoY. Revenue reached $1.056B (+4.3% YoY), and non-GAAP EPS of $2.64 topped the $2.60 consensus. APAC, EMEA and Latin America all posted double-digit volume growth, while North America held steady.
Imaging Systems and CAD/CAM Services was the weak spot. Revenue there fell 10.8% to $185.3M as practices moved to cheaper scanners, leases and rentals.
Since then, talks with Elliott Management produced three new independent directors, a strategic and operating model review and a larger 2026 buyback of $400M to $500M. Shares closed at $173.41 after the Q2 report and now sit at $154.51, down 1.05% year to date.
Wall Street Expects Modest Q3 Growth
The Q3 EPS estimate has slipped from $2.8979 90 days ago, with one downward revision in the past month and none up.
——
Now Available: The Definitive Guide to Retirement Income
Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years.
That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here ›
