Form 8-K · Current Report · Filed 2024-07-18
Intuitive Surgical Reports Strong Q2 2024 Financial Results
Intuitive Surgical, Inc. announced its financial results for the second quarter of 2024, reporting a 14% increase in revenue to $2.01 billion and a 25% rise in GAAP net income to $527 million, or $1.46 per diluted share. The increase in revenue was driven by a 17% growth in da Vinci procedure volume and an expanded installed base of systems. Non-GAAP net income was $641 million, or $1.78 per diluted share. The Company furnished unaudited condensed consolidated financial statements and a press release as exhibits.
- Filer
- Intuitive Surgical, Inc. ISRG · NASDAQ
- Filed
- Accession
- 0001035267-24-000203
- CIK
- 0001035267
- Signal
- Medium impactHealthcare
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$426.23
Next session
+6.8%
Since filing
-17.1%
Latest close
$353.33
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Precedent
Previous filings from ISRG reporting the same item, with the next session's move:
Exhibits (1)
About Intuitive Surgical, Inc.
Intuitive Surgical, Inc. is a pioneering company in the field of robotic-assisted, minimally invasive surgery. It is renowned for its development of the da Vinci Surgical System, which revolutionizes surgical procedures by enhancing precision, flexibility, and control beyond the physical capabilities of the human hand. The company's cornerstone product allows surgeons to perform complex surgeries through small incisions, which can lead to quicker patient recovery, reduced hospital stays, and lower complication rates. Operating predominantly in the healthcare sector, Intuitive Surgical serves a significant role in advancing surgical technology and improving patient outcomes. The company collaborates across diverse medical specialties, including urology, gynecology, and general surgery, to expand the applications and accessibility of its robust surgical systems. As an innovator in the medical device industry, Intuitive Surgical has a profound impact not only on surgical methodologies but also on the economic aspects of medical practices by potentially lowering surgical costs. It continues to shape the future of surgery with its commitment to enhancing robotic-assisted techniques.
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