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Sep 30, 2020
Intuitive Surgical Q3 2020 Earnings Report
Intuitive Surgical's Q3 2020 financial results were announced, revealing a mixed performance affected by the COVID-19 pandemic.
Key Takeaways
Intuitive Surgical reported a decrease in revenue and system placements due to the COVID-19 pandemic, while da Vinci procedures experienced a partial recovery. The company's revenue decreased by 4% compared to the third quarter of 2019. Despite the challenges, the installed base of da Vinci systems continued to grow.
Worldwide da Vinci procedures increased approximately 7% compared to Q3 2019.
The company shipped 195 da Vinci Surgical Systems, a decrease of 29% compared to Q3 2019.
The da Vinci Surgical System installed base grew to 5,865 systems as of September 30, 2020, an 8% increase year-over-year.
Q3 2020 revenue was $1,078 million, a decrease of 4% compared to Q3 2019.
Revenue by Segment
Forward Guidance
Due to the continued uncertainty around the scope and duration of the pandemic and the timing of global recovery and economic normalization, the company cannot, at this time, reliably estimate the future impact on our operations and financial results.
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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