Intuitive Surgical Q1 Earnings: Revenue Beat, EPS Beat, Surgical System Installed Base Up 14% And More
Portfolio Pulse from Adam Eckert
Intuitive Surgical Inc (NASDAQ:ISRG) reported Q1 earnings with revenue of $1.89 billion and adjusted EPS of $1.50, both surpassing analyst estimates. The company saw a 14% increase in its da Vinci surgical system installed base, with 313 systems placed this quarter. Worldwide da Vinci procedures grew by approximately 16% year-over-year. The company ended the quarter with $7.32 billion in cash, equivalents, and investments.
April 18, 2024 | 8:44 pm
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POSITIVE IMPACT
Intuitive Surgical reported strong Q1 earnings, surpassing revenue and EPS estimates with significant growth in its da Vinci surgical system installed base.
The positive earnings report, with both revenue and EPS beating estimates, indicates strong financial health and operational success. The growth in the installed base of da Vinci surgical systems and the increase in worldwide procedures suggest expanding market penetration and adoption, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100