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Jun 30, 2020
Intuitive Surgical Q2 2020 Earnings Report
Intuitive Surgical's financial performance declined due to the impact of the COVID-19 pandemic and customer relief program.
Key Takeaways
Intuitive Surgical announced a decrease in revenue, system placements, and procedures due to the COVID-19 pandemic. The company's Q2 revenue was $852 million, a 22% decrease compared to Q2 2019. GAAP net income was $68 million, or $0.57 per diluted share, compared to $318 million, or $2.67 per diluted share, in the second quarter of 2019.
Worldwide da Vinci procedures decreased approximately 19% compared with the second quarter of 2019.
The company shipped 178 da Vinci Surgical Systems, a decrease of 35% compared to Q2 2019.
Second quarter revenue decreased 22% to $852 million compared to $1,099 million in the second quarter of 2019.
GAAP net income was $68 million, or $0.57 per diluted share, compared to $318 million, or $2.67 per diluted share, in the second quarter of 2019.
Revenue by Segment
Forward Guidance
Due to the continued uncertainty around the scope and duration of the pandemic and the timing of global recovery and economic normalization, we cannot, at this time, reliably estimate the future impact on our operations and financial results.
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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