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Sep 30, 2023
Intuitive Surgical Q3 2023 Earnings Report
Intuitive Surgical's Q3 2023 performance reflected strong procedure growth and installed base expansion with increased revenue and net income.
Key Takeaways
Intuitive Surgical announced strong Q3 2023 results, with revenue increasing by 12% to $1.74 billion. The company's GAAP net income rose to $416 million, or $1.16 per diluted share, while non-GAAP net income reached $524 million, or $1.46 per diluted share. Growth was driven by increased da Vinci procedure volume and expansion of the installed base.
Worldwide da Vinci procedures grew by approximately 19% compared to Q3 2022.
The company placed 312 da Vinci surgical systems, compared to 305 in Q3 2022.
The da Vinci surgical system installed base increased to 8,285 systems as of September 30, 2023, a 13% increase year-over-year.
Third quarter revenue reached $1.74 billion, a 12% increase compared to the previous year.
Revenue by Segment
Forward Guidance
Intuitive Surgical did not provide specific forward guidance in this earnings 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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