Intuitive Surgical's Q3 Earnings Surpass Expectations, Setting Up a Rebound

Intuitive Surgical (ISRG) is a solid long-term investment due to its industry-leading products and services, robust cash flow, and consistent gains in shareholder value. The company's Q3 results exceeded expectations, with a 23% increase in net revenue, driven by a 20% increase in instrument sales and procedure volume. The company placed 427 Da Vinci systems, up 12% YoY, and net income grew by 24.6%. Analysts and institutions are bullish on ISRG, with rapidly improving sentiment pushing the stock price to the consensus level, suggesting even higher prices will follow.