Intuitive Surgical Q4 2022 Earnings Report
Key Takeaways
Intuitive Surgical announced a 7% increase in revenue to $1.66 billion for Q4 2022, driven by da Vinci procedure volume growth, but system placements declined. GAAP net income decreased to $325 million, or $0.91 per diluted share, while non-GAAP net income was $439 million, or $1.23 per diluted share. The company repurchased $1 billion of common stock during the quarter and ended with $6.74 billion in cash, cash equivalents, and investments.
Worldwide da Vinci procedures grew approximately 18% compared to Q4 2021.
The company placed 369 da Vinci Surgical Systems, a decrease of 4% compared to Q4 2021.
The da Vinci Surgical System installed base grew to 7,544 systems, a 12% increase year-over-year.
Q4 2022 revenue reached $1.66 billion, a 7% increase compared to Q4 2021.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Forward Guidance
The press release does not contain information regarding forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income