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Jun 30, 2022
Intuitive Surgical Q2 2022 Earnings Report
Intuitive Surgical's second quarter earnings were announced, revealing a mix of growth and challenges.
Key Takeaways
Intuitive Surgical announced a 4% increase in revenue to $1.52 billion, driven by da Vinci procedure growth, but system placements declined. GAAP net income was $308 million, or $0.85 per diluted share, while non-GAAP net income was $415 million, or $1.14 per diluted share. The company repurchased $500 million of common stock and increased the repurchase program to $3.5 billion.
Worldwide da Vinci procedures grew approximately 14% compared to Q2 2021.
The company placed 279 da Vinci Surgical Systems, a 15% decrease compared to Q2 2021.
Da Vinci Surgical System installed base grew to 7,135 systems, a 13% increase year-over-year.
Second quarter revenue increased 4% to $1.52 billion compared to Q2 2021.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
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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