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Dec 31, 2020
Intuitive Surgical Q4 2020 Earnings Report
Intuitive Surgical's Q4 2020 earnings reflected a mix of growth in procedure volume and a decrease in system placements, influenced by the ongoing COVID-19 pandemic.
Key Takeaways
Intuitive Surgical announced Q4 2020 financial results, with revenue increasing by 4% to $1.33 billion. The company's da Vinci Surgical System installed base grew by 7% to 5,989 systems. GAAP net income was $365 million, or $3.02 per diluted share, while non-GAAP net income was $434 million, or $3.58 per diluted share.
Worldwide da Vinci procedures increased approximately 6% compared to Q4 2019.
The company shipped 326 da Vinci Surgical Systems, a decrease of 3% compared to Q4 2019.
The da Vinci Surgical System installed base grew to 5,989 systems as of December 31, 2020, a 7% increase year-over-year.
Q4 2020 revenue reached $1.33 billion, a 4% increase compared to Q4 2019.
Revenue by Segment
Forward Guidance
Due to the continued uncertainty around the scope and duration of the pandemic globally, 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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