Categories Earnings, Health Care

Intuitive Surgical (ISRG) posts Q1 2019 earnings

Sunnyvale-based Intuitive Surgical (ISRG) posted its first-quarter 2019 earnings after the closing bell on April 18.

Minimally invasive surgery leader Intuitive Surgical shipped 235 da Vinci Surgical Systems in the quarter, as total revenue jumped 15% to $974 million.

First-quarter GAAP net income rose to $307 million or $2.56 per diluted share, from the year-ago profit of $288 million or $2.44 per diluted share. Non-GAAP net income was $312 million or $2.61 per diluted share for the same period.

Intuitive Surgical (ISRG) posts Q1 2019 earnings


Back in February this year, ISRG received the U.S. Food and Drug Administration (FDA) clearance for its Ion endoluminal system — a robotic-assisted catheter-based platform, designed to navigate through very small lung airways to reach peripheral nodules for biopsies.

In the same month, the company also received FDA clearance for the IRIS augmented reality product, designed to aid surgeons in both pre- and intra-operative settings by delivering a 3D image of the patient anatomy.

Then, in March 2019, Intuitive Surgical received FDA clearance for the da Vinci SP Surgical System for use in certain transoral otolaryngology procedures in adults.

ISRG ended the first quarter with $5.1 billion in cash, cash equivalents, and investments, up by $230 million during the quarter, primarily driven by cash generated from operations.

Commenting on the results, Intuitive CEO Gary Guthart said, “We are pleased with our first quarter procedure and da Vinci system placements. Our teams continue to work closely with hospitals, physicians and their care teams in pursuit of better outcomes, decreased variability, better experiences for both physicians and patients and, ultimately, lowering the total cost of care.”


Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

One thought on “Intuitive Surgical (ISRG) posts Q1 2019 earnings

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight