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Reported Q: Q2 2024 Rev YoY: +2.6% EPS YoY: -12.3% Move: -2.72%

Align Technology Inc

0HCK.L

$171.70 -2.72%

Exchange LSE Sector Healthcare Industry Medical Equipment Services

Q2 2024

Published: Aug 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HCK.L

Reported

Report Date

Aug 2, 2024

Quarter Q2 2024

Revenue

1.03B

YoY: +2.6%

EPS

1.28

YoY: -12.3%

Market Move

-2.72%

Previous quarter: N/A

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Earnings Highlights

Revenue of $1.03B up 2.6% year-over-year
EPS of $1.28 decreased by 12.3% from previous year
Gross margin of 70.3%
Net income of 96.56M
""While our revenue continues to grow, we're facing pressure on margin due to increased operational costs and supply chain disruptions."" - Joseph Hogan, CEO

0HCK.L

Align Technology Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

Executive Summary

In Q2 2024, Align Technology Inc reported a revenue of $1.028 billion, representing a 2.63% increase year-over-year (YoY) and a 3.11% increase quarter-over-quarter (QoQ). However, the company faced a significant decline in profitability metrics, with net income dropping by 13.64% YoY to $96.6 million and a 14.47% decrease in operating income, reflecting challenges in cost management amidst revenue growth. Management notes that challenges in supply chain constraints and competition are impacting overall profitability but emphasizes ongoing investments in technology and product development as key drivers for long-term growth.

Key Performance Indicators

Revenue

Increasing

1.03B

QoQ: 3.11% | YoY: 2.63%

Gross Profit

Increasing

722.63M

70.26% margin

QoQ: 2.75% | YoY: 1.26%

Operating Income

Decreasing

147.05M

QoQ: -4.60% | YoY: -14.47%

Net Income

Decreasing

96.56M

QoQ: -8.06% | YoY: -13.64%

EPS

Decreasing

1.28

QoQ: -8.57% | YoY: -12.33%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Performance
- Q2 2024 Revenue: $1.028 billion (YoY: +2.63%, QoQ: +3.11%)

### Profitability Metrics
- Gross Profit: $722.6 million (Gross Margin: 70.26%, YoY: +1.26%, QoQ: +2.75%)
- Operating Income: $147.0 million (Operating Margin: 14.30%, YoY: -14.47%, QoQ: -4.60%)
- Net Income: $96.6 million (Net Margin: 9.39%, YoY: -13.64%, QoQ: -8.06%)

### Earnings Per Share
- EPS: $1.28 (YoY: -12.33%, QoQ: -8.57%)

The decline in operating and net income reflects rising expenses mainly in R&D and selling, indicating the need for strategic refocusing in cost management. The slight rise in revenue suggests continued market demand for the Invisalign product line.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.03B	2.63%	3.11%
Gross Profit	722.63M	1.26%	2.75%
Operating Income	147.05M	-14.47%	-4.60%
Net Income	96.56M	-13.64%	-8.06%
EPS	1.28	-12.33%	-8.57%

Key Financial Ratios

Gross Profit Margin

Excellent

70.30%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Fair

14.30%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

9.39%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.57%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.57%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.18

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.03

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

High Growth

47.52x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Premium

4.88x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	1,012.45	1.72	-1.6%	View
Q1 2025	979.26	1.27	-1.8%	View
Q4 2024	995.22	1.39	+4.0%	View
Q3 2024	977.87	1.55	+1.8%	View
Q2 2024	1,028.49	1.28	+2.6%	View

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Align Technology Inc (0HCK.L) Q4 2024 Financial Results: Solid Revenue Growth Amid Rising Costs...

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Align Technology Inc (0HCK.L) Q3 2024 Financial Performance Report - Evaluating Resilience Amidst Market Challenges...

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Align Technology Inc (0HCK.L) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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