ALGN
ALIGN TECHNOLOGY INCEvidence as of 2026-10-02The desk's Snapshot
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Overview · ALIGN TECHNOLOGY INC
Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including In…
Management team
- Ms. Jennifer Olson-Wilk · Executive Vice President of Customer SuccessFind on LinkedIn
- Mr. Simon Beard · MD for Americas and EMEA Region & Executive VPFind on LinkedIn
- Mr. Vamsi Mohan-Raj Pudipeddi · Executive VP, Chief Product & Marketing Officer and MD of Asia PacificFind on LinkedIn
- Ms. Shirley Stacy · Vice President of Corporate Communications & Investor RelationsFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The surviving evidence presents a mixed picture (evidence balance: Mixed, -0.4 of a possible +2; confidence high). Revenue rose modestly from $ 1,040,087,000 in Q1 2026 (fiscal quarter ended 2026-05-01) to $ 1,056,192,000 in Q2 2026 (fiscal quarter ended 2026-07-31), an increase of $ 16,105,000 quarter‑over‑quarter, while gross profit increased from $ 736,587,000 to $ 757,430,000 over the same pair of quarters. Computed gross margin improved from about 70.8% in Q1 2026 to about 71.7% in Q2 2026, up from about 64.2% in Q3 2025 (fiscal quarter ended 2025-10-29). Operating income rose from $ 141,955,000 in Q1 2026 to $ 154,013,000 in Q2 2026, but net income edged down slightly from $ 112,771,000 to $ 108,294,000 quarter‑over‑quarter.
The filings expanded several risk disclosures in the 10‑K filed 27 February 2026, adding detailed macroeconomic and inflation language, geopolitical and trade risks tied to iTero operations near conflict areas, broader cybersecurity and AI risk text (including reference to the EU AI Act effective August 2, 2026), and heightened language around restructuring and retention. Institutional 13F‑reported holdings total $ 12.30B as of 2026-06-30, with 680 institutional holders and notable positions from BlackRock, Vanguard and FMR; trailing multiples and FCF data imply an implied perpetual FCF growth rate of about 22.7% at the price of 145.345 on 2026-10-01, a level that plausibility notes flag as high for an established product business.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue was $1,040,087,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $1,056,192,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), up $16,105,000 quarter-over-quarter.
XBRL companyfacts · 0001097149-26-000040Gross profit increased from $736,587,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $757,430,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001097149-26-000060Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 27 February 2026 adds expanded macroeconomic and inflation-related risk language stating that 'Global and regional economic conditions have and could in the future materially affect our business, financial condition and results of operations' and that 'Inflation has and may continue to adversely impact spending and trade activities' with specific references to higher shipping, raw material and labor costs.
10-K filed 2026-02-27The 10-K filed 27 February 2026 newly emphasizes geopolitical and trade risks tied to its operations, including that 'Military conflicts, wars, and escalation of terrorist or gang activities have and may in the future materially adversely impact the economies in which we operate' and calls out that 'Our iTero operations, headquartered in Israel, are close to areas that have been affected by the conflict between Israel and Hamas.'
10-K filed 2026-02-27Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total "$12.30B" as of 2026-06-30 (13F filings carry a 45-day reporting lag).
13F holdings · 680 filers · as of 2026-06-30Top institutional holders reported include BlackRock, Inc. at "$745.4M", VANGUARD CAPITAL MANAGEMENT LLC at "$742.3M", and FMR LLC at "$684.8M" (13F holdings are the latest REPORTED quarter, not an intraday book).
13F holdings · 680 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
The company announced it will report third quarter 2026 results on October 28, 2026.
News · finance.yahoo.com · 2026-10-01Align Technology launched a U.S. marketing campaign titled "SHIFT Happens" aimed at educating adults about lifelong tooth movement.
News · finance.yahoo.com · 2026-09-28Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
At the price of 145.345 on 2026-10-01, the valuation model shows the market price implies a free cash flow (FCF) growth rate of 22.7% (0.227) under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month valuation multiples from the filings show P/E = 26.05, EV/EBITDA = 12.33, and Price/FCF = 34.34.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several contemporaneous, company-filed fundamentals point to improving operating performance: sequential revenue growth, rising gross profit and gross margin, and higher operating income between fiscal Q1 and Q2 2026, while diluted share counts declined alongside reported share repurchases. Reported trailing FCF, sizable cash on the balance sheet, and growing institutional reported positions provide supporting context for capital flexibility and investor interest. The bear case highlights expanded risk disclosures and an implied market FCF growth assumption that appears high; those are valid cautions, but they are disclosures of exposures and a modeling observation rather than direct counterevidence to the documented quarter-over-quarter margin and operating improvements. Evidence strength: fundamentals are drawn from company 10-Q/K filings (primary source) and 13F institutional data; the valuation implication is model-derived and flagged as a plausibility concern under general finance principles.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.33
29 surviving claims rest on 14 distinct sources; the heaviest analyst carries 24% of them, and 100% of what the desk raised survived the debate.
The surviving read rests on a moderate number of distinct sources but a relatively large bundle of individual claims, so individual source issues could move several claims at once. The largest analyst contributes about a quarter of the claims and the desk’s 100% survival rate in debate indicates low internal contention; together this implies the read is informative but somewhat brittle to new or corrective filings from a few key documents.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.9 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ALGN Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
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