Intuitive Surgical Q4 2023 Earnings Report
Key Takeaways
Intuitive Surgical announced strong Q4 2023 results, with revenue increasing by 17% year-over-year to $1.93 billion. The company saw growth in da Vinci procedure volume and an increase in the installed base of systems. GAAP net income attributable to Intuitive Surgical was $606 million, or $1.69 per diluted share, while non-GAAP net income was $574 million, or $1.60 per diluted share.
Worldwide da Vinci procedures grew approximately 21% compared with Q4 2022.
The company placed 415 da Vinci surgical systems, compared with 369 in Q4 2022.
Revenue for Q4 2023 reached $1.93 billion, a 17% increase compared to $1.66 billion in Q4 2022.
Q4 2023 GAAP net income attributable to Intuitive was $606 million, or $1.69 per diluted share.
Intuitive Surgical
Intuitive Surgical
Intuitive Surgical Revenue by Segment
Forward Guidance
The company obtained CE mark certification for the da Vinci single-port (SP) surgical system in January 2024 and plans to commercialize the SP system in select major European countries throughout 2024 as part of a measured rollout strategy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income