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Dec 31, 2021
Intuitive Surgical Q4 2021 Earnings Report
Intuitive Surgical's Q4 2021 earnings were announced, revealing revenue growth driven by increased da Vinci procedure volume and system placements.
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
Revenue by Segment
Instruments and Accessories Revenue
CapyFin.comSystems Revenue
CapyFin.comServices Revenue
CapyFin.com 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