Intuitive Surgical Q3 2021 Earnings Report
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.
Intuitive Surgical
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Intuitive Surgical 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