Intuitive Surgical Q4 Earnings: Revenue Beat, EPS Beat, Da Vinci Procedures Jump 18% And More

Intuitive Surgical (ISRG) reported strong fourth-quarter earnings, with revenue and earnings per share (EPS) both beating analyst estimates. The company's da Vinci surgical system placements and procedures grew significantly, driving the positive results. Here's a breakdown of the key financials and growth drivers:

Financial Highlights:

* Revenue: $2.41 billion, up 25% year-over-year (YoY)
* EPS: $2.21, up 23% YoY
* GAAP net income: $686 million, up 10% YoY
* Non-GAAP net income: $805 million, up 27% YoY

Growth Drivers:

1. Da Vinci Surgical System Placements: Intuitive Surgical placed 493 da Vinci systems in the fourth quarter, a 19% increase YoY. This includes 174 da Vinci 5 systems, which are the latest version of the company's surgical robot. The increase in placements contributed to the growth in procedures and revenue.
2. Da Vinci Procedures: Worldwide da Vinci procedures grew approximately 18% compared to the same period last year. This growth was driven by an increase in general surgery procedures in the U.S. and a 23% increase in total procedures outside the U.S., primarily in cancer procedures.
3. Installed Base: The company's da Vinci surgical system installed base grew to 9,902 systems as of December 31, 2024, a 15% increase YoY. This larger installed base allows for more procedures to be performed, further driving revenue growth.



Intuitive Surgical's strong fourth-quarter results reflect the continued demand for its minimally invasive surgical systems and the company's ability to adapt to the evolving needs of the market. The growth in da Vinci system placements and procedures, combined with the expansion of the installed base, sets the stage for increased revenue in the coming years.

Looking ahead, Intuitive Surgical expects worldwide da Vinci procedures to increase approximately 13% to 16% in 2025 compared to 2024. The company's continued investment in research and development, marketing, and sales efforts, along with its strong financial performance, positions it well for future growth.

In conclusion, Intuitive Surgical's fourth-quarter earnings beat analyst estimates, driven by strong growth in da Vinci surgical system placements and procedures. The company's positive results reflect its ability to adapt to the evolving needs of the market and its continued investment in research and development. With a larger installed base and expectations of continued procedure volume growth, Intuitive Surgical's future revenue potential is strengthened.