Intuitive Surgical Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents

Intuitive Surgical Inc Q1 2023 Earnings Call Summary

Intuitive Surgical Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents
Intuitive Surgical Inc Q1 2023 Earnings Call Summary
Published Apr 18, 2023
17 pages (9686 words) — Published Apr 18, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of ISRG.OQ earnings conference call or presentation 18-Apr-23 8:30pm GMT

  
Brief Excerpt:

...A. Overview: Use of products grew strongly vs. a year ago, helped by positive surgical trends and strong execution by team. 1. 2. New capital installs were likewise strong as customers built their da Vinci and Ion system capacity to meet demand. 3. Revenue grew 14% on back of aforementioned continued adoption. 4. Some manufacturing and supply challenges this qtr. negatively impacted product margins; opportunity for sharper execution going forward. 5. R&D and innovation engines are making good progress with strength in Ion adoption, progress in digital efforts and indication expansions for: Ion. a. b. SP. 6. Overall, core business remains strong with some near-term procedure and product cost dynamics. B. Procedures: Saw surprising strength led by: 1. General surgery in US. a. b. Procedure growth beyond urology outside US. 2. On procedure basis, cholecystectomy, bariatric surgery and hernia repair led the way. 3. All major regions performed well. Standouts included: a. India. i. ii. Spain....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Intuitive Surgical Inc
Ticker
ISRG.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Great. I just want to say congrats on a great quarter. Maybe if I could ask on placements, the net placements were well above consensus here in the first quarter, really strong showing, flat with last year pretty much, despite lower trade-ins. But that comes with your comments that it's still a fairly tight capital environment. So in a normal environment, how much better do you think you'd be doing on placements? And are you seeing an improvement at all in the capital equipment environment? It's certainly not holding you back here. But I'm just really curious where you think you could go if the environment was a bit healthier.

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Great. And maybe just a quick follow-up. Jamie, as we think about your OpEx progression through the year, it came in a bit higher than the Street had in first quarter. How should we think about that flowing through the rest of the year? And was there anything or any kind of big quarters that we should be thinking about in our progression through the year? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 18, 2023 / 8:30PM, ISRG.OQ - Q1 2023 Intuitive Surgical Inc Earnings Call

Table Of Contents

Intuitive Surgical Inc Q3 2023 Earnings Call Summary – 2023-10-19 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 19-Oct-23 8:30pm GMT

Intuitive Surgical Inc at Wells Fargo Healthcare Conference Transcript – 2023-09-07 – US$ 54.00 – Edited Transcript of ISRG.OQ presentation 7-Sep-23 7:00pm GMT

Intuitive Surgical Inc Q2 2023 Earnings Call Summary – 2023-07-20 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 20-Jul-23 8:30pm GMT

Intuitive Surgical Inc Q2 2023 Earnings Call Transcript – 2023-07-20 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 20-Jul-23 8:30pm GMT

Intuitive Surgical Inc Q1 2023 Earnings Call Transcript – 2023-04-18 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 18-Apr-23 8:30pm GMT

Intuitive Surgical Inc Q4 2022 Earnings Call Summary – 2023-01-24 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 24-Jan-23 9:30pm GMT

Intuitive Surgical Inc Q4 2022 Earnings Call Transcript – 2023-01-24 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 24-Jan-23 9:30pm GMT

Intuitive Surgical Inc at JPMorgan Healthcare Conference Transcript – 2023-01-11 – US$ 54.00 – Edited Transcript of ISRG.OQ presentation 11-Jan-23 5:00pm GMT

Intuitive Surgical Inc Q3 2022 Earnings Call Summary – 2022-10-18 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 18-Oct-22 8:30pm GMT

Intuitive Surgical Inc Q3 2022 Earnings Call Transcript – 2022-10-18 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 18-Oct-22 8:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Intuitive Surgical Inc Q1 2023 Earnings Call Summary" Apr 18, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Intuitive-Surgical-Inc-Earnings-Call-B15515586>
  
APA:
Thomson StreetEvents. (2023). Intuitive Surgical Inc Q1 2023 Earnings Call Summary Apr 18, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Intuitive-Surgical-Inc-Earnings-Call-B15515586>
  
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