Intuitive Surgical reports 26.7% Q2 net income increase, 17% growth in procedures, and $3bn cash with no debt.

Intuitive Surgical, maker of the da Vinci robotic surgical system, reported a 26.7% increase in Q2 net income and 17% growth in procedures performed using its systems. Despite challenges in the bariatric surgery market due to weight loss medicines and issues in China and Korea, the company has over $3bn in cash with no debt. Robotic surgical system market growth and expansion opportunities provide positive long-term prospects, though increased competition remains.

August 11, 2024
3 Articles