1Q earnings: Intuitive Surgical reports $1.89bn revenue, 11% YoY growth, and 16% increase in da Vinci procedures.

Intuitive Surgical (ISRG) reported first-quarter earnings that beat analyst estimates, with revenue of $1.89bn (up 11% year-on-year) and adjusted earnings of $1.50 per share (beating expectations of $1.41). The company placed 313 da Vinci surgical systems in the quarter, with eight of these being the new da Vinci 5 systems. Worldwide da Vinci procedures increased approximately 16% year-over-year.

April 18, 2024
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