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Jun 30, 2021
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.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Revenue by Segment
Instruments and Accessories Revenue
CapyFin.comSystems Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income