Intuitive Surgical Q2 Earnings: Revenue Beat, EPS Beat, Da Vinci Procedures Jump 17% — 'Pleased By Feedback On Da Vinci 5'
Portfolio Pulse from Adam Eckert
Intuitive Surgical Inc (NASDAQ: ISRG) reported strong Q2 earnings, beating both revenue and EPS estimates. Revenue was $2.01 billion, up 14% YoY, and EPS was $1.78. Da Vinci procedures increased by 17%, and the company placed 341 da Vinci systems, including 70 da Vinci 5 systems. The installed base grew to 9,203 systems. The company ended the quarter with $7.68 billion in cash and equivalents.
July 18, 2024 | 8:43 pm
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Intuitive Surgical reported strong Q2 earnings, beating both revenue and EPS estimates. Revenue was $2.01 billion, up 14% YoY, and EPS was $1.78. Da Vinci procedures increased by 17%, and the company placed 341 da Vinci systems, including 70 da Vinci 5 systems. The installed base grew to 9,203 systems. The company ended the quarter with $7.68 billion in cash and equivalents.
Intuitive Surgical's strong financial performance, including beating both revenue and EPS estimates, along with significant growth in da Vinci procedures and system placements, is likely to positively impact the stock price in the short term. The after-hours price increase of 6.70% further supports this positive outlook.
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