Intuitive Surgical Non-GAAP EPS of $1.14 misses by $0.06, revenue of $1.52B misses by $40M

Jul. 21, 2022 4:05 PM ETIntuitive Surgical, Inc. (ISRG)By: Gaurav Batavia, SA News Editor30 Comments
  • Intuitive Surgical press release (NASDAQ:ISRG): Q2 Non-GAAP EPS of $1.14 misses by $0.06.
  • Revenue of $1.52B (+4.1% Y/Y) misses by $40M.
  • Worldwide da Vinci procedures grew approximately 14% compared with the second quarter of 2021.
  • The Company placed 279 da Vinci Surgical Systems, a decrease of 15% compared with 328 in the second quarter of 2021.
  • The Company grew its da Vinci Surgical System installed base to 7,135 systems as of June 30, 2022, an increase of 13% compared with 6,335 as of the end of the second quarter of 2021.
  • The Company repurchased $500 million of common stock in the second quarter of 2022. In July 2022, the Company’s Board of Directors increased the authorized amount available under the Company’s common stock repurchase program up to $3.5 billion.

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