Intuitive Surgical’s Earnings Top Estimates as It Boosts Sales of Surgical Robots
Intuitive Surgery (ISRG) reported fourth-quarter earnings that beat analysts’ expectations as the company boosted sales of surgical robots.
The medical device maker reported fourth-quarter revenue of $2.41 billion, up 25% year over year and above the analyst consensus compiled by Visible Alpha. Earnings were $686 million, or $1.88 a share, up from $606 million, or $1.69 a share, a year ago and also beat expectations.
Intuitive Surgical said the number of procedures performed using its da Vinci minimally invasive surgical device increased 18% compared with the same period last year. The company said it installed 493 da Vinci systems during the period, compared with 415 a year ago.
The company said it expects da Vinci surgeries to grow 13% to 16% this year compared with 2024. Gross profit margin The company said it expected a decline of 1 to 2 percentage points, but that did not take into account potential new tariffs that could have a “substantial” impact.
Intuitive Surgical shares fluctuated between slight gains and losses in intraday trading following Thursday’s release. The stock closed at an all-time high the day before and has gained about 62% in the past year as of Thursday’s close.