Intuitive Surgical Announces Second Quarter Earnings

Intuitive Surgical (NASDAQ:ISRG) has announced its financial results for the quarter ended June 30, 2018.

As quoted in the press release:

Q2 Highlights

• Worldwide da Vinci procedures grew approximately 18% compared with the second quarter of 2017, driven primarily by growth in U.S. general surgery procedures and worldwide urologic procedures.
• The Company shipped 220 da Vinci Surgical Systems compared with 166 in the second quarter of 2017.
• Second quarter 2018 revenue of $909 million grew approximately 20% compared with $759 million for the second quarter of 2017.
• Second quarter 2018 GAAP net income was $255 million, or $2.15 per diluted share, compared with $223 million, or $1.94 per diluted share, for the second quarter of 2017.
• Second quarter 2018 non-GAAP* net income was $327 million, or $2.76 per diluted share, compared with $230 million, or $2.00 per diluted share, for the second quarter of 2017.
• The Company received U.S. Food and Drug Administration clearance for the Vessel Sealer Extend, the da Vinci SP Surgical System for use in certain urology procedures, and the SureForm 60, a single-patient use 60mm stapler, in April 2018, May 2018, and July 2018, respectively.

Click here to read the full press release.