NASDAQ$ISRG

Intuitive Surgical Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Intuitive Surgical's Q4 2019 earnings were announced, demonstrating growth in revenue, da Vinci procedures, and system placements.

Intuitive Surgical announced strong Q4 2019 results, with revenue up 22% year-over-year to $1.28 billion. The company saw growth in da Vinci procedures and system placements, driving increased revenue. GAAP net income was $358 million, or $2.99 per diluted share, while non-GAAP net income was $417 million, or $3.48 per diluted share.

  • Worldwide da Vinci procedures grew approximately 19% compared to Q4 2018.
  • The company shipped 336 da Vinci Surgical Systems, a 16% increase compared to Q4 2018.
  • The da Vinci Surgical System installed base grew to 5,582 systems, a 12% increase year-over-year.
  • Q4 2019 revenue reached $1.28 billion, a 22% increase compared to Q4 2018.

Headline financials

Total Revenue

$1.28B

Previous: $1.05B+22.1%
EPS (adj)

$1.16

Previous: $0.99+17.2%
Da Vinci systems installed base

5.6K

Previous: 5.0K+12.0%
Total da Vinci system placements

336

Previous: 290+15.9%
Net Income

$363M

Previous: $293M+24.0%
Operating Income

$398M

Previous: $332M+19.8%
Gross Profit

$896M

Previous: $736M+21.8%
Cash & Equivalents

$5.85B

Previous: $858M+581.3%
Total Assets

$9.73B

Previous: $7.85B+24.0%
Stock-Based Comp

$89.2M

Previous: $70.4M+26.7%

Revenue & EPS history

Intuitive Surgical · Revenue · Quarterly

$1.28B

Q4 2019+22.1%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Intuitive Surgical · $1.28B total across 3 segments · Q4 2019

  • Instruments and accessories
    $671M+24.5%
  • Systems
    $416M+22.2%
  • Services
    $190M+14.2%

Forward guidance

The press release does not contain information regarding forward guidance. Therefore, this section is left blank.

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 Q4 2019

Historical avgQ4 2019

+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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