Intuitive Surgical Reports Q3 Revenue Growth

Intuitive Surgical reported a strong performance for Q3 2024, with revenue rising 17% to $2.04 billion and non-GAAP earnings per share increasing to $1.84, surpassing analyst expectations. The demand for its da Vinci robotic surgical systems contributed significantly to this growth, with a reported 18% increase in procedures performed year-over-year and a 15% increase in the installed base of systems. The company achieved a net profit of $565.1 million, up from $526.9 million in the previous year. With strong market acceptance of the newly introduced da Vinci 5 system, Intuitive Surgical is well-positioned to capture the growing demand for minimally invasive surgeries. Additionally, the robust performance has led to a 6% increase in the company's stock during extended trading. Overall, Intuitive Surgical's strategy focuses on innovation and expanding its product offerings, which is reflected in its financial results and market presence.