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Jun 30, 2023
Intuitive Surgical Q2 2023 Earnings Report
Intuitive Surgical's revenue increased driven by growth in da Vinci procedure volume and an increase in the installed base of systems.
Key Takeaways
Intuitive Surgical announced strong Q2 2023 results, with revenue reaching $1.76 billion, a 15% increase compared to Q2 2022. The company's growth was fueled by a rise in da Vinci procedures and an expansion of its installed base. GAAP net income was $421 million, or $1.18 per diluted share, while non-GAAP net income was $507 million, or $1.42 per diluted share.
Worldwide da Vinci procedures grew approximately 22% compared with the second quarter of 2022.
The company placed 331 da Vinci surgical systems, compared with 279 in the second quarter of 2022.
The company grew its da Vinci surgical system installed base to 8,042 systems as of June 30, 2023, an increase of 13% compared with the second quarter of 2022.
Second quarter 2023 revenue of $1.76 billion increased 15% compared with the second quarter of 2022.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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