Search or
𝛼SK
𝛼SKbullish
Intuitive Surgical (ISRG US): Mixed Q3 Result; Encouraging Procedure Growth Is the Key Positive
434 Views23 Oct 2023 11:40
SUMMARY
- In 3Q23, Intuitive Surgical (ISRG US) recorded 12% YoY revenue growth to $1.74B, driven by growth in da Vinci procedure volume and an increase in the installed base of systems.
- 3Q23 procedure growth was 19%, versus 20% in 3Q22 and 22% in 2Q23. Systems revenue declined 11%, due to higher number of systems placed under lease and lower China demand.
- The company now expects 2023 procedure volume growth of 21–22%, up from previous estimates of 20–22%. Significant material supply chain disruptions or hospital capacity constraints are not expected.
Related Insights
More »- Intuitive Surgical: What Are Its Latest Advancements in Robotic-Assisted Surgery Technology & Key Growth Levers?
- Intuitive Surgical: Procedure Growth & Market Expansion to Strengthen Its Market Position!
- Intuitive Surgical (ISRG US): Strong 1Q Result; Tariffs to Impact Margin
- Intuitive Surgical’s Biggest Moat Is NOT What You Think – Here’s Why It’s a Game-Changer!
- Intuitive Surgical: International Expansion & Regulatory Milestones & Other Major Drivers
Trending Collections
More »Trending Insights
More »- Gold Miners ETF (GDX US): Big Outperformance Driven by Benchmark Change; Valuation Gap Opens Up
- Quiddity Leaderboard STAR 50/100 Sep25: Final Expectations; New Pair Trades
- Sun Corp (6736) - CLBT Has Round-Tripped, But Now Better ParentCo and a Buyback so Set-Up Is Better
- China A50 ETFs Rebalance Preview: Three Changes in September
- HKBN (1310 HK): China Mobile Satisfies the Precondition
Top Unpaywalled Insights
More »- Tradesmen's Collective: Fixing the Trades with Tech, Transparency & Boots-on-the-Ground
- VEON 2Q25: Solid Digital Non-Telco Products Uplift, Kyivstar Listing in Focus
- [IO Technicals 2025/32] Bullish Momentum Builds
- Grab Holdings (GRAB US) - Harvesting Sequentially
- Micro-Mechanics (Holdings) Limited - Next Generation Supplier of the Semicon Industry
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Intuitive Surgical (ISRG US): Beat-And-Raise 2Q24; Strong Procedure Growth; Solid Da Vinci 5 Rollout19 Jul 2024
- Intuitive Surgical (ISRG US): Beat-And-Raise 1Q24; Rising Demand for Robotic Surgery Propels Growth20 Apr 2024
- Intuitive Surgical (ISRG US): Fifth-Generation Device Approval Adds to Secular Growth Story15 Mar 2024
- Intuitive Surgical (ISRG US): Mixed Q3 Result; Encouraging Procedure Growth Is the Key Positive23 Oct 2023
- Intuitive Surgical (ISRG US): Robust Procedure Volume Drove 2Q23 Result; 2023 Outlook Raised22 Jul 2023
- Intuitive Surgical (ISRG US): Better-Than-Expected Q3 2022 Results; Raised Procedure Growth Guidance19 Oct 2022
x