Intuitive Surgical Inc

Latest Results (25.02.2025):

Revenue Growth

Intuitive Surgical Inc. reported a significant increase in revenue for the fourth quarter of 2024, reaching $2.41 billion. This marks a 25% growth compared to the $1.93 billion reported in the fourth quarter of 2023. The increase was primarily driven by a rise in da Vinci procedure volume and an expanded installed base of systems.

Net Income

For the fourth quarter of 2024, Intuitive Surgical Inc. achieved a GAAP net income of $686 million, or $1.88 per diluted share. This is an improvement from the $606 million, or $1.69 per diluted share, reported in the same quarter of the previous year. The non-GAAP net income for the quarter was $805 million, or $2.21 per diluted share, compared to $574 million, or $1.60 per diluted share, in the fourth quarter of 2023.

System Placements

Intuitive Surgical Inc. placed 493 da Vinci surgical systems in the fourth quarter of 2024, an increase from 415 systems in the fourth quarter of 2023. This includes 174 placements of the da Vinci 5 systems, contributing to the growth in the company's installed base, which reached 9,902 systems by the end of 2024.

Operating Income

The company's GAAP income from operations for the fourth quarter of 2024 rose to $735 million, compared to $450 million in the same period of 2023. On a non-GAAP basis, the income from operations increased to $928 million, up from $621 million in the fourth quarter of the previous year.

2025 Outlook

Looking ahead to 2025, Intuitive Surgical Inc. expects worldwide da Vinci procedures to grow by approximately 13% to 16%. The company also anticipates a non-GAAP gross profit margin in the range of 67% to 68% of net revenue, with operating expense growth projected between 10% and 15% for the year.