Align Technology's stock surged 10.04% in pre-market trading on Thursday, making it one of the top performers ahead of the market open.
The sharp upward movement was driven by the company's fourth-quarter financial results, which exceeded Wall Street expectations. Align Technology reported quarterly earnings of $3.29 per share, beating the analyst consensus estimate of $2.97 per share, while revenue reached $1.047 billion compared to expectations of $1.033 billion. The company's Invisalign business achieved record highs with 87.7 thousand doctors worldwide submitting cases in the quarter, the highest fourth-quarter total ever.
Analysts responded positively to the earnings report, with multiple firms raising price targets on the stock. The company also provided forward guidance that aligned with or exceeded expectations, projecting first-quarter revenue of $1.010 billion to $1.030 billion and full-year 2026 revenue growth of 3% to 4%.