Intuitive Surgical Q2 2024 Earnings Report
Key Takeaways
Intuitive Surgical reported a strong second quarter with revenue reaching $2.01 billion, a 14% increase year-over-year. The company saw growth in da Vinci procedures and system placements, with a notable increase in the installed base of da Vinci surgical systems. GAAP net income was $527 million, or $1.46 per diluted share, while non-GAAP net income was $641 million, or $1.78 per diluted share.
Worldwide da Vinci procedures grew approximately 17% compared to Q2 2023.
The company placed 341 da Vinci surgical systems, including 70 da Vinci 5 systems, compared to 331 in Q2 2023.
The da Vinci surgical system installed base increased to 9,203 systems as of June 30, 2024, a 14% increase year-over-year.
Second quarter revenue reached $2.01 billion, a 14% increase compared to $1.76 billion in Q2 2023.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Forward Guidance
No forward guidance provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income