May 1, 2025 - 06:11
Dental technology company Align Technology has announced its Q1 results for the fiscal year 2025, aligning closely with Wall Street's revenue expectations. Despite a slight year-on-year decline in sales by 1.8%, the company reported revenues of $979.3 million. This performance reflects the ongoing challenges in the market while still showing resilience in its business model.
Looking ahead, Align Technology projects revenue for the upcoming quarter to reach approximately $1.06 billion, which is 0.8% above the consensus estimates from analysts. This optimistic outlook is bolstered by the company’s strong non-GAAP profit of $2.13 per share, exceeding analysts' expectations by 7.1%.
Following the announcement, Align Technology's stock experienced a significant boost, jumping 10.3% in response to the positive earnings report and future guidance. Investors appear to be encouraged by the company's ability to navigate a challenging market landscape while maintaining profitability and growth projections.
