
Intuitive Surgical reported strong third-quarter earnings, leading to a 7% increase in its stock price after hours. The company achieved a revenue of $2.04 billion, a 17% increase from $1.74 billion in the same period last year, surpassing the forecast of $2.01 billion. GAAP net income attributable to Intuitive was $565 million, or $1.56 per diluted share, compared to $416 million, or $1.16 per diluted share, in the third quarter of 2023. Non-GAAP EPS was $1.84, surpassing the forecast of $1.64. The company also reported an 18% year-over-year growth in da Vinci procedures and increased its installed base of da Vinci surgical systems by 15%, reaching 9,539 systems as of September 30, 2024. Intuitive Surgical's CEO highlighted the healthy core measures of the business and customer adoption of the da Vinci 5 system. The companyās market cap stands at $168.12 billion.





Intuitive Surgical CEO: "Core measures of our business were healthy this quarter, and we are pleased by customer adoption of da Vinci 5" $ISRG: +6% AH More: https://t.co/4jhJeFM3gW https://t.co/9J95megCkm
Intuitive Surgical's installed base continues to climb higher. Recurring revenue is up 18% YoY. $ISRG up 7% after hours. https://t.co/19WgFgBS6r
$ISRG: The Company grew its da Vinci surgical system installed base to 9,539 systems as of September 30, 2024, an increase of 15% compared with 8,285 as of the end of the third quarter of 2023.