How did ISRG's revenue and expenses trend in Q4 2024?

Intuitive Surgical (ISRG) demonstrated robust revenue and a healthy gross margin in Q4 2024, though net income was slightly lower than the previous quarter due to increased operating expenses. 1. **Revenue Trend**: ISRG's total revenue for Q4 2024 was $7.05 billion, which is consistent with the previous quarter's revenue of $7.05 billion. This indicates a stable revenue trend, suggesting that ISRG maintained its market position and sales levels. 2. **Gross Margin**: The gross margin for ISRG remained at 67.46% in Q4 2024, representing a slight decrease of 0.26 percentage points from the previous quarter. This slight decline does not significantly impact the overall profitability of the company, as the gross margin still stands at a high level. 3. **Net Income**: ISRG reported a net income of $688 million in Q4 2024, which is slightly lower than the net income of $701 million in the previous quarter. This reduction is primarily due to increased operating expenses, which will be discussed below. 4. **Operating Expenses**: The operating expenses for ISRG increased to $2.41 billion in Q4 2024, up from $2.33 billion in the previous quarter. This increase in operating expenses contributed to the slight decrease in net income. It is important to note that these expenses are necessary for the company's operations and may include factors such as research and development, marketing, and administrative costs. 5. **Segment Analysis**: When analyzing the revenue by segment, ISRG's product segment contributed the most with $4.98 billion, followed by the instruments and accessories segment with $5.08 billion, and the systems segment with $1.97 billion. The service segment also contributed significantly, with $1.37 billion, indicating the company's diversified revenue streams. In conclusion, ISRG showed strong revenue stability and maintained a high gross margin in Q4 2024. However, the slight decrease in net income due to increased operating expenses does not overshadow the company's overall financial health and its ability to generate substantial revenue. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Service|1.3071E9|185| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Service|9.597E8|185| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Service|6.308E8|185| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Product|1.5771E9|185| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Service|3.135E8|185| |ISRG|ISRG.O|Intuitive Surgical|20240101-2024|Product|1.5771E9|185| |code|Ticker|Name|Date|Total Revenue|Operating Expenses|Net Income|market_code| |---|---|---|---|---|---|---|---| |ISRG|ISRG.O|Intuitive Surgical|2023 Q4|1.9283E9||6.107E8|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q1|1.8906E9||5.474E8|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q2|2.0099E9||5.315E8|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q3|2.0381E9||5.706E8|185| |code|Ticker|Name|Date|Gross Profit Margin|market_code| |---|---|---|---|---|---| |ISRG|ISRG.O|Intuitive Surgical|2023 Q4|66.3873|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q1|65.8733|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q2|67.1222|185| |ISRG|ISRG.O|Intuitive Surgical|2024 Q3|67.2212|185|