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Sep 30, 2024
Intuitive Surgical Q3 2024 Earnings Report
Intuitive Surgical's Q3 2024 financial results were announced, demonstrating growth in revenue, da Vinci procedures, and system placements.
Key Takeaways
Intuitive Surgical announced strong Q3 2024 results, with revenue reaching $2.04 billion, a 17% increase compared to Q3 2023. The company saw growth in da Vinci procedures and an increase in the installed base of systems, placing 379 da Vinci surgical systems during the quarter.
Worldwide da Vinci procedures grew approximately 18% compared to Q3 2023.
The company placed 379 da Vinci surgical systems, including 110 da Vinci 5 systems, compared to 312 in Q3 2023.
The da Vinci surgical system installed base grew to 9,539 systems as of September 30, 2024, a 15% increase year-over-year.
Q3 2024 GAAP net income attributable to Intuitive was $565 million, or $1.56 per diluted share, compared to $416 million, or $1.16 per diluted share, in Q3 2023.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Revenue by Segment
Instruments and Accessories Revenue
CapyFin.comSystems Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
The press release does not contain forward guidance. Therefore, this section is left blank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income