Loading...
•
Sep 30, 2021
Intuitive Surgical Q3 2021 Earnings Report
Intuitive Surgical's Q3 2021 financial results announced, demonstrating revenue growth driven by increased da Vinci system placements and procedures.
Key Takeaways
Intuitive Surgical announced strong financial results for Q3 2021, with revenue increasing by 30% to $1.40 billion compared to Q3 2020. The growth was driven by higher da Vinci system placements and procedure volume. GAAP net income was $381 million, or $1.04 per diluted share, while non-GAAP net income was $435 million, or $1.19 per diluted share.
Worldwide da Vinci procedures grew approximately 20% compared to the third quarter of 2020.
The company shipped 336 da Vinci Surgical Systems, a 72% increase compared to the third quarter of 2020.
The da Vinci Surgical System installed base grew to 6,525 systems as of September 30, 2021, an 11% increase year-over-year.
Third quarter 2021 revenue increased 30% to $1.40 billion compared to $1.08 billion in the third quarter of 2020.
Revenue by Segment
Forward Guidance
The press release does not contain any forward guidance.
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
Loading earnings performance data...
Loading earnings reaction data...