Intuitive Surgical Posts Strong Financial and Operational Results for the 4th Quarter
Intuitive Surgical (NYSE:ISRG) announced fourth quarter results on January 23 of this year. Revenues rose 25% over the fourth quarter of 2023 to $2.4 billion. Earnings were up 13% on a GAAP basis.
Perhaps of greater interest are the operational statistics Intuitive provides with the financial data. The Company placed 493 systems in the quarter vs. 415 in the same quarter in 2023. Of these placements, 174 were of the da Vinci 5 system.
Analysis
Little analysis is needed. Intuitive continues to dominate the soft-tissue RAS market. Of greater interest is how its challengers, most notably Medtronic and J&J, intend to challenge this moat.
For more information please see Intuitive’s press release here.
Questions of comments? Please contact Tony Freeman at tfreeman@asfreeman.com.
