Intuitive Surgical Q1 2021 Earnings Report
Key Takeaways
Intuitive Surgical announced strong first-quarter results, with revenue reaching $1.29 billion, an 18% increase compared to the first quarter of 2020. The growth was driven by increased da Vinci procedures and system placements. GAAP net income was $426 million, or $3.51 per diluted share.
Worldwide da Vinci procedures grew approximately 16% compared with the first quarter of 2020.
The Company shipped 298 da Vinci Surgical Systems, an increase of 26% compared with the first quarter of 2020.
The Company grew its da Vinci Surgical System installed base to 6,142 systems as of March 31, 2021, an increase of 8% compared with the first quarter of 2020.
First quarter 2021 revenue of $1.29 billion increased 18% compared with the first quarter of 2020.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income