NASDAQ$ISRG
Intuitive Surgical Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Intuitive Surgical's Q1 2023 financial results were announced, demonstrating revenue growth and continued adoption of da Vinci systems.
Intuitive Surgical announced a 14% increase in revenue to $1.70 billion for Q1 2023, driven by growth in da Vinci procedure volume. The company placed 312 da Vinci Surgical Systems during the quarter and grew its installed base to 7,779 systems. GAAP net income was $355 million, or $1.00 per diluted share, while non-GAAP net income was $437 million, or $1.23 per diluted share.
- Worldwide da Vinci procedures grew approximately 26% compared to Q1 2022.
- The company placed 312 da Vinci Surgical Systems, compared with 311 in the first quarter of 2022.
- The da Vinci Surgical System installed base grew to 7,779 systems, a 12% increase year-over-year.
- First quarter revenue increased 14% to $1.70 billion compared to $1.49 billion in the first quarter of 2022.
Headline financials
Revenue & EPS history
Intuitive Surgical · Revenue · Quarterly
$1.7B
Revenue by segment
Intuitive Surgical · $1.7B total across 3 segments · Q1 2023
- Instruments and accessories$986M+21.6%58.1%
- Systems$427M-0.2%25.2%
- Services$283M+13.6%16.7%
Forward guidance
The company is focusing on increased adoption, pursuit of expanded indications and product launches, excellence in supply and product quality, and increased productivity as they scale their business.
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 2023
+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
| Quarter | Report date | Reaction (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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