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Jun 30, 2024
Intuitive Surgical Q2 2024 Earnings Report
Intuitive Surgical's Q2 2024 financial results were announced, demonstrating growth in revenue, da Vinci procedures, and system placements.
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.
Revenue by Segment
Forward Guidance
No forward guidance provided in this 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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