Intuitive Surgical CEO: "Our business was healthy this quarter, and we are pleased by feedback on da Vinci 5 as well as the continued adoption of SP and Ion" $ISRG: +7% AH More: https://t.co/3PO0hTmXBn https://t.co/h4KqulzbkG
$ISRG big 7% pop on strong earnings, da Vinci procedures grew approximately +17% Only sold off based on rotations this week in big caps
$ISRG | Intuitive Surgical Q2'24 Earnings Highlights: 🔹 EPS: $1.78 (Est. $1.54) 🟢 🔹 Revenue: $2.01B (Est. $1.97B) 🟢 🔹 Net Income: $641M (Non-GAAP) Operational Insights: 🔸 da Vinci Systems Placed: 341 (including 70 da Vinci 5 systems) 🔸 Installed Base: 9,203 systems (up…

Intuitive Surgical Inc. (ISRG) reported strong second quarter 2024 earnings, surpassing analyst expectations. The company posted an EPS of $1.78, exceeding the estimated $1.54, and revenue of $2.01 billion, surpassing the forecasted $1.97 billion. This represents a 14% increase from the $1.76 billion revenue in the same quarter of 2023. The GAAP net income was $527 million, or $1.46 per diluted share, compared to $421 million in the previous year. Non-GAAP net income stood at $641 million. The company placed 341 da Vinci surgical systems, including 70 da Vinci 5 systems, increasing its installed base to over 9,000 units. Worldwide da Vinci procedures grew approximately 17% year-over-year. Following the earnings report, Intuitive Surgical's stock rose by 7% in after-hours trading. The company's market cap stands at $148.08 billion.
