NASDAQ$ISRG

Intuitive Surgical Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Intuitive Surgical's Q1 2021 financial results were announced, demonstrating growth in revenue, da Vinci procedures, and system placements.

Intuitive Surgical announced strong first-quarter results, with revenue reaching $1.29 billion, an 18% increase compared to the first quarter of 2020. The growth was driven by increased da Vinci procedures and system placements. GAAP net income was $426 million, or $3.51 per diluted share.

  • Worldwide da Vinci procedures grew approximately 16% compared with the first quarter of 2020.
  • The Company shipped 298 da Vinci Surgical Systems, an increase of 26% compared with the first quarter of 2020.
  • The Company grew its da Vinci Surgical System installed base to 6,142 systems as of March 31, 2021, an increase of 8% compared with the first quarter of 2020.
  • First quarter 2021 revenue of $1.29 billion increased 18% compared with the first quarter of 2020.

Headline financials

Total Revenue

$1.29B

Previous: $1.1B+17.5%
EPS (adj)

$1.17

Previous: $0.90+30.0%
Da Vinci systems installed base

6.1K

Previous: 5.7K+8.3%
Total da Vinci system placements

298

Previous: 237+25.7%
Free Cash Flow

$426M

Previous: $314M+36.0%
Net Income

$426M

Previous: $314M+36.0%
Operating Income

$417M

Previous: $283M+47.3%
Gross Profit

$903M

Previous: $738M+22.3%
Cash & Equivalents

$7.23B

Previous: $5.9B+22.6%
Total Assets

$11.5B

Previous: $9.89B+16.7%
Stock-Based Comp

$103M

Previous: $90.6M+13.9%

Revenue & EPS history

Intuitive Surgical · Revenue · Quarterly

$1.29B

Q1 2021+17.5%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Intuitive Surgical · $1.29B total across 3 segments · Q1 2021

  • Instruments and accessories
    $706M+14.3%
  • Systems
    $369M+30.3%
  • Services
    $218M+9.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.9%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+3.1%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+31.1%

Q2 2009

Best reaction

-16.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-3.5%-9.3%
Q4 2025-3.1%+4.4%-2.8%
Q3 2025-2.3%+19.1%+21.4%
Q2 2025+0.7%+0.7%-5.7%
Q1 2025+1.9%+7.4%+12.7%
Q4 2024-4.0%+4.1%+2.7%
Q3 2024+9.3%+8.6%+10.7%
Q2 2024+6.8%+6.8%+12.4%
Q1 2024-2.1%+0.8%+6.6%
Q4 2023-1.5%+10.6%+17.7%
Q3 2023-3.1%+0.7%+10.8%
Q2 2023-3.7%-5.4%-18.2%
Q1 2023+11.0%+11.7%+16.1%
Q4 2022-4.8%-4.6%-9.6%
Q3 2022+11.1%+14.9%+37.2%
Q2 2022-3.4%-1.1%+2.5%
Q1 2022-16.7%-19.3%-27.7%
Q4 2021-8.2%-6.2%-13.7%
Q3 2021+2.3%+2.8%+8.1%
Q2 2021+1.4%+4.7%+13.2%
Q1 2021+9.9%+7.9%+2.6%
Q4 2020-6.8%-1.3%+2.5%
Q3 2020+0.2%-2.4%+0.3%
Q2 2020+2.1%+1.2%+3.8%
Q1 2020+3.0%-2.8%+1.8%
Q4 2019-3.4%-6.6%+0.5%
Q3 2019+6.8%+1.0%+7.4%
Q2 2019+1.0%+2.7%-5.4%
Q1 2019-6.5%-4.7%-6.6%
Q4 2018-2.8%-6.7%+4.1%
Q3 2018-7.1%-6.6%-4.5%
Q2 2018-2.1%-0.9%-0.6%
Q1 2018+12.6%+9.1%+9.5%
Q4 2017+0.6%-2.2%-2.3%
Q3 2017+4.3%+4.8%+10.8%
Q2 2017-4.1%-2.3%+1.8%
Q1 2017+5.1%+5.9%+11.9%
Q4 2016+6.9%+0.4%+6.5%
Q3 2016-4.0%-4.4%-7.7%
Q2 2016+4.9%+2.8%+2.2%
Q1 2016+2.8%
Q4 2015+2.1%
Q3 2015+4.4%
Q2 2015+10.5%
Q1 2015-6.5%
Q4 2014-0.1%
Q3 2014-0.7%
Q2 2014+18.8%
Q1 2014-9.0%
Q4 2013-6.5%
Q3 2013-6.2%
Q2 2013-5.5%
Q1 2013-4.5%
Q4 2012+11.6%
Q3 2012+3.9%
Q2 2012-9.3%
Q1 2012+8.0%
Q4 2011+0.4%
Q3 2011+9.3%
Q2 2011+10.3%
Q1 2011+2.0%
Q4 2010+1.5%
Q1 2009+1.5%
Q3 2010-7.9%
Q2 2010+7.4%
Q1 2010+0.2%
Q4 2007-1.9%
Q4 2009-1.9%
Q3 2009-3.1%
Q3 2008-3.1%
Q2 2008+31.1%
Q4 2008+31.1%
Q2 2009+31.1%

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