ISRG
Published on 04/21/2026 at 04:55 pm EDT
By Christopher Kuo
Intuitive Surgical posted higher revenue and profit for the first quarter as it placed a greater number of its da Vinci systems.
The maker of robotic surgery systems on Tuesday reported a profit of $821.5 million, or $2.28 a share, compared with $698.4 million, $1.92 cents a share, a year earlier.
Adjusted earnings were $2.50 a share. Analysts polled by FactSet expected $2.12 a share.
Revenue rose 23% to $2.77 billion, ahead of the $2.62 billion analysts expected. The increase in revenue was driven by a growth in procedure volume, higher da Vinci system placements and an increase in the installed base of da Vinci and Ion systems, the company said.
The company placed 431 da Vinci surgical systems, compared with 367 a year ago.
The company expects worldwide da Vinci procedure growth of about 13.5% to 15.5% in 2026.
Write to Christopher Kuo at [email protected]
(END) Dow Jones Newswires
04-21-26 1654ET