SUNNYVALE, Calif. – Intuitive Surgical, Inc. (NASDAQ:), a pacesetter in robotic-assisted surgical procedure, reported a sturdy second quarter, with adjusted earnings per share (EPS) and income surpassing analyst expectations.
The corporate’s inventory soared 6.6% following the announcement, indicating a constructive market response to the earnings beat.
For the quarter ended June 30, 2024, Intuitive Surgical introduced an adjusted EPS of $1.78, outperforming the analyst estimate of $1.54 by $0.24. Income for the quarter was additionally robust at $2.01 billion, exceeding the consensus estimate of $1.97 billion and marking a 14% improve from the $1.76 billion reported in the identical quarter final yr.
The corporate’s monetary well being was underlined by a 17% development in worldwide da Vinci procedures in comparison with the second quarter of 2023, contributing to the income surge. Intuitive additionally expanded its da Vinci surgical system put in base by 14%, reaching 9,203 programs. The second quarter noticed the location of 341 da Vinci surgical programs, which included 70 of the brand new da Vinci 5 programs.
The corporate’s non-GAAP earnings from operations additionally noticed a major bounce to $754 million from $618 million in 2023.
“Our business was healthy this quarter, and we are pleased by feedback on da Vinci 5 as well as the continued adoption of SP and Ion,” stated Gary Guthart, Intuitive CEO. “We remain focused on delivering the goals we share with our customers, centered on improving patient outcomes.”
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