Intuitive Surgical Q4 2021 Earnings Report
Key Takeaways
Intuitive Surgical announced its Q4 2021 financial results, with revenue reaching $1.55 billion, a 17% increase compared to Q4 2020. The company shipped 385 da Vinci Surgical Systems, and the installed base grew to 6,730 systems. GAAP net income was $381 million, or $1.04 per diluted share, while non-GAAP net income was $477 million, or $1.30 per diluted share.
Worldwide da Vinci procedures increased by approximately 19% compared to Q4 2020.
The company shipped 385 da Vinci Surgical Systems, an 18% increase compared to Q4 2020.
The da Vinci Surgical System installed base grew to 6,730 systems, a 12% increase year-over-year.
Q4 2021 revenue reached $1.55 billion, a 17% increase compared to Q4 2020.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that are necessarily estimates reflecting the best judgment of the our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.
Challenges Ahead
- The risk that the COVID-19 pandemic could lead to further material delays and cancellations of, or reduced demand for, procedures
- curtailed or delayed capital spending by hospitals
- disruption to our supply chain, including increased difficulties in obtaining a sufficient amount of materials in the semiconductor and other markets
- closures of our facilities
- delays in surgeon training
Revenue & Expenses
Visualization of income flow from segment revenue to net income