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Mar 31, 2023
Intuitive Surgical Q1 2023 Earnings Report
Intuitive Surgical's Q1 2023 financial results were announced, demonstrating revenue growth and continued adoption of da Vinci systems.
Key Takeaways
Intuitive Surgical announced a 14% increase in revenue to $1.70 billion for Q1 2023, driven by growth in da Vinci procedure volume. The company placed 312 da Vinci Surgical Systems during the quarter and grew its installed base to 7,779 systems. GAAP net income was $355 million, or $1.00 per diluted share, while non-GAAP net income was $437 million, or $1.23 per diluted share.
Worldwide da Vinci procedures grew approximately 26% compared to Q1 2022.
The company placed 312 da Vinci Surgical Systems, compared with 311 in the first quarter of 2022.
The da Vinci Surgical System installed base grew to 7,779 systems, a 12% increase year-over-year.
First quarter revenue increased 14% to $1.70 billion compared to $1.49 billion in the first quarter of 2022.
Revenue by Segment
Forward Guidance
The company is focusing on increased adoption, pursuit of expanded indications and product launches, excellence in supply and product quality, and increased productivity as they scale their business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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