Intuitive Surgical Inc Q1 2023 Earnings Call Transcript - Thomson StreetEvents

Intuitive Surgical Inc Q1 2023 Earnings Call Transcript

Intuitive Surgical Inc Q1 2023 Earnings Call Transcript - Thomson StreetEvents
Intuitive Surgical Inc Q1 2023 Earnings Call Transcript
Published Apr 18, 2023
16 pages (10604 words) — Published Apr 18, 2023
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About This Report

  
Abstract:

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

  
Brief Excerpt:

...Operator Ladies and gentlemen, thank you for standing by, and welcome to the Intuitive Quarter 1 2023 earnings release. (Operator Instructions) As a reminder, this call is being recorded. I'd now like to turn the conference over to our host, Head of Investor Relations, Mr. Brian King. Please go ahead. Brian King Good afternoon, and welcome to Intuitive's first quarter earnings conference call. With me today, we have Gary Guthart, our CEO; and Jamie Samath, our CFO. Before we begin, I would like to inform you that comments mentioned on today's call may be deemed to contain forward-looking statements. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are described in detail in our Securities and Exchange Commission filings, including our most recent Form 10-K filed on February 10, 2023. Our SEC filings can be found through our website or at the SEC's website. Investors are cautioned not to place...

  
Report Type:

Transcript

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?

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 Summary – 2023-04-18 – US$ 54.00 – Edited Brief 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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MLA:
Thomson StreetEvents. "Intuitive Surgical Inc Q1 2023 Earnings Call Transcript" Apr 18, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Intuitive-Surgical-Inc-Earnings-Call-T15515586>
  
APA:
Thomson StreetEvents. (2023). Intuitive Surgical Inc Q1 2023 Earnings Call Transcript 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-T15515586>
  
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