Align Technology (NASDAQ: ALGN) reported Q3 EPS of $2.25, $1.71 better than the analyst estimate of $0.54. Revenue for the quarter came in at $734.1 million versus the consensus estimate of $514.4 million.

• Q3 total revenues up 20.9% year-over-year to a record $734.1 million
• Q3 GAAP diluted net income per share of $1.76, Q3 non-GAAP diluted net income per share of $2.25
• Q3 operating margin of 24.1%, up 44.8 points sequentially and up 3.2 points year-over-year
• Q3 Clear Aligner volume up 28.7% year-over-year to 496.1 thousand cases
• Q3 Clear Aligner gross margin of 74.7%, up 10.2 points sequentially and up 1.2 points year-over-year
• Q3 Clear Aligner cases for teenage patients were up 25.6% year-over-year to 162.7 thousand cases
• Q3 Imaging Systems and CAD/CAM Services revenues were up 24.5% year-over-year to $113.4 million

Commenting on Align’s Q3’20 results, Align Technology President and CEO Joe Hogan said, “I’m pleased to report stronger than expected results with record third quarter revenues up 21% year-over-year reflecting strong momentum across all regions and customer channels for both Invisalign clear aligners and iTero scanner and services. During the quarter, we continued to support doctor recovery efforts with products, programs, and virtual tools and training that helped more doctors transition their practices to digital technologies and drove record utilization across the Invisalign portfolio. Capping off our record quarter is the achievement of our 9 millionth Invisalign patient milestone. We also saw strong response to our new teen and mom-focused consumer campaign with 118% year-over-year increase in total leads, an uptick in consumer engagement from new social media influencers like Charli D’Amelio and Marsai Martin, and a 25.6% year over year increase in teenagers using Invisalign clear aligners. Our overall revenue momentum has continued into October and we are encouraged by positive feedback from Invisalign providers regarding the benefits of digital orthodontics starting with an iTero scanner for Invisalign treatment - especially in this COVID-19 environment.”

For earnings history and earnings-related data on Align Technology (ALGN) click here.