From Financial Modeling Prep: 2024-10-18 12:32:00

Intuitive Surgical (NASDAQ:ISRG) shares rose over 8% after beating analyst projections with third-quarter earnings. Revenue hit $2.04 billion, up 17% from last year, driven by increased da Vinci system adoption and procedure volumes. The company reported adjusted EPS of $1.84, exceeding estimates of $1.64.

Da Vinci procedures increased by 18% year-over-year, with system placements rising to 379 units, including 110 new da Vinci 5 systems. Intuitive’s installed base of da Vinci systems grew to 9,539 units, a 15% increase from last year. Revenue from instruments and accessories surged 18% to $1.26 billion.

Systems revenue also saw growth, reaching $445 million compared to $379 million in the prior-year quarter. Intuitive Surgical’s strong results were fueled by the growing demand for advanced surgical technology, with the company continuing to expand its installed base of da Vinci systems.



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