NASDAQ$ISRG
Intuitive Surgical Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Intuitive Surgical's Q3 2023 performance reflected strong procedure growth and installed base expansion with increased revenue and net income.
Intuitive Surgical announced strong Q3 2023 results, with revenue increasing by 12% to $1.74 billion. The company's GAAP net income rose to $416 million, or $1.16 per diluted share, while non-GAAP net income reached $524 million, or $1.46 per diluted share. Growth was driven by increased da Vinci procedure volume and expansion of the installed base.
- Worldwide da Vinci procedures grew by approximately 19% compared to Q3 2022.
- The company placed 312 da Vinci surgical systems, compared to 305 in Q3 2022.
- The da Vinci surgical system installed base increased to 8,285 systems as of September 30, 2023, a 13% increase year-over-year.
- Third quarter revenue reached $1.74 billion, a 12% increase compared to the previous year.
Headline financials
Revenue & EPS history
Intuitive Surgical · Revenue · Quarterly
$1.74B
Revenue by segment
Intuitive Surgical · $1.74B total across 3 segments · Q3 2023
- Instruments and accessories$1.07B+22.9%61.4%
- Systems$379M-10.9%21.8%
- Services$293M+12.7%16.8%
Forward guidance
Intuitive Surgical did not provide specific forward guidance in this earnings report.
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 Q3 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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