Intuitive Surgical Q2 2021 Earnings Report

Intuitive Surgical's Q2 2021 financial performance reflected significant growth driven by procedure volume and system placements.

Key Takeaways

Intuitive Surgical announced strong second-quarter results, with revenue increasing by 72% year-over-year to $1.46 billion. The growth was primarily driven by a surge in da Vinci procedures and system placements, indicating a recovery from the pandemic-related disruptions in the previous year. The company's GAAP net income also saw a substantial increase, reaching $517 million, or $4.25 per diluted share.

Worldwide da Vinci procedures increased by approximately 68% compared to Q2 2020.

The company shipped 328 da Vinci Surgical Systems, an 84% increase compared to the second quarter of 2020.

Intuitive Surgical's da Vinci Surgical System installed base grew to 6,335 systems as of June 30, 2021, a 10% increase year-over-year.

Second quarter 2021 GAAP net income was $517 million, or $4.25 per diluted share, compared to $68 million, or $0.57 per diluted share, in the second quarter of 2020.

da Vinci Installed Base

6.34K

Previous year: 5.76K

+9.9%