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/ALGN
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Align Technology Inc

Align Technology Inc

ALGN
$176.76USD↓-0.92%-1.65 today

MARKET CAP

12.7B

P/E (TTM)

16.3x

FWD P/E

14.8x

DAY RANGE

$175 – $181

52W RANGE

$122
$208

AI Summary

Stalk
StalkMedium

ALGN remains in a Stage 2 advancing regime with a clear series of higher highs and higher lows. Price is pulling back into its rising 9- and 20-EMA zone within a neutral OB/OS context. Given the momentum + EPS strategy, selective shallow entries into the EMA support zone align with continuation bias, while patience is warranted until dynamic support is absorbed.

  • ↑Q1 revenue $1.04B (+6.2% YoY) and aligner sales $856M (+7.4%).
  • ↑Operating margin of 13.6% with $142M operating income.
  • ↓Restructuring costs weigh on margins amid negative profitability factors.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Align Technology, Inc. (NASDAQ: ALGN) is a leading player in the orthodontics and dental technology sector, specifically known for its product offerings in digital orthodontics, including the Invisalign clear aligner system and iTero scanning technology. The company predominantly operates via two segments: clear aligners and systems/services, positioning itself favorably amidst evolving consumer needs for orthodontic solutions, particularly through its innovations and digital enhancements.

Bull says

  • ↑Q1 revenue $1.04B (+6.2% YoY) and aligner sales $856M (+7.4%).
  • ↑Operating margin of 13.6% with $142M operating income.
  • ↑Generated $151M cash from operations and $120.3M free cash flow.
  • ↑International growth strong in EMEA/APAC, diversifying revenue.
  • ↑Forward P/E ~15x signals investor optimism in growth.
  • ↑Innovation via iTero scanners and new Pallet Expander drives market edge.

Bear says

  • ↓Restructuring costs weigh on margins amid negative profitability factors.
  • ↓Negative growth factors persist as retail segment remains mixed.
  • ↓Inflation and geopolitical tensions risk dampening consumer demand.
  • ↓Low-cost aligner competitors and DSOs pressure pricing and share.
  • ↓High stock volatility and low short interest reflect investor caution.
  • ↓Analyst mix (11 Buy, 4 Hold, 1 Sell) underscores outcome uncertainty.

Investment themes with ALGN

High Beta↓ -0.12%

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • First quarter overall gross margin was 70.8% up 1.4 points year-over-year, primarily due to operational efficiencies and higher clear aligner ASP.
  • First quarter net income per diluted share was $1.57, up 31 cents compared to the prior year. Our EPS was favorably impacted by one cent on a year-over-year basis due to foreign exchange.
  • We believe this action reflects our conviction that aligned shares remain attractively valued, supported by improving underlying business fundamentals.

Bear points

  • Given the ongoing uncertainty, we have taken a prudent approach in our second quarter outlook by assuming some impact on both clear aligner and scanner demand.
  • it becomes increasingly difficult to predict how the conflict in the Middle East will affect our business, particularly in the event of further escalation.
  • I think you mentioned it was down a little bit year over year.
Read full transcript analysis ›