Intuitive Surgical Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents

Intuitive Surgical Inc Q2 2022 Earnings Call Summary

Intuitive Surgical Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents
Intuitive Surgical Inc Q2 2022 Earnings Call Summary
Published Jul 21, 2022
17 pages (10200 words) — Published Jul 21, 2022
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Abstract:

Edited Brief of ISRG.OQ earnings conference call or presentation 21-Jul-22 8:30pm GMT

  
Brief Excerpt:

...A. Overview: 2Q results reflect both environmental and ISRG-specific headwinds accompanied by underlying business strength. 1. 2. Procedures grew 14% YoverY, despite pressure from COVID-driven lockdowns in China, Co.'s second largest market. 3. Capital placement slowed from a year ago, due to a combination of factors described last qtr. 4. Overall pressure from COVID lockdowns impacted procedures modestly, while reduced trade-ins and supply chain timing impacted capital placements more significantly. 5. Leading indicator of the health of business, procedure demand, remains healthy. B. Procedures: Grew 14%, reflecting strength in US general surgery and solid growth extending beyond urology outside US. 1. 2. US procedure growth was led by bariatric surgery, cholecystectomy and colorectal procedures with continued growth in hernia repair. 3. In OUS markets, procedures grew 22%, despite COVID lockdown in China. a. Outside US, seeing strength in urology now accompanied by diversified growth...

  
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. Maybe to start, a lot of your comments, it feels like it's a U.S. comment in terms of the capital equipment. I want to get a sense, is there any difference in geography just given the hospitals, most of them outside the U.S., are dictated by single-payer country networks? And then I'll just ask a follow-up as well. Pretty good OUS procedure number. How do we think about how much of an impact the shutdowns in China had? And how should we be thinking about the ramp in second half on China just given that the country is still not on a strong pathway to a reopening?

Table Of Contents

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

Intuitive Surgical Inc at Wells Fargo Healthcare Conference Transcript – 2022-09-08 – US$ 54.00 – Edited Transcript of ISRG.OQ presentation 8-Sep-22 3:00pm GMT

Intuitive Surgical Inc Q2 2022 Earnings Call Transcript – 2022-07-21 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 21-Jul-22 8:30pm GMT

Intuitive Surgical Inc at Goldman Sachs Global Healthcare Conference Transcript – 2022-06-14 – US$ 54.00 – Edited Transcript of ISRG.OQ presentation 14-Jun-22 8:20pm GMT

Intuitive Surgical Inc at Bank of America Healthcare Conference Transcript – 2022-05-10 – US$ 54.00 – Edited Transcript of ISRG.OQ presentation 10-May-22 8:20pm GMT

Intuitive Surgical Inc Q1 2022 Earnings Call Summary – 2022-04-21 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 21-Apr-22 8:30pm GMT

Intuitive Surgical Inc Q1 2022 Earnings Call Transcript – 2022-04-21 – US$ 54.00 – Edited Transcript of ISRG.OQ earnings conference call or presentation 21-Apr-22 8:30pm GMT

Intuitive Surgical Inc Q4 2021 Earnings Call Summary – 2022-01-20 – US$ 54.00 – Edited Brief of ISRG.OQ earnings conference call or presentation 20-Jan-22 9:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Intuitive Surgical Inc Q2 2022 Earnings Call Summary" Jul 21, 2022. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-Intuitive-Surgical-Inc-Earnings-Call-B15254187>
  
APA:
Thomson StreetEvents. (2022). Intuitive Surgical Inc Q2 2022 Earnings Call Summary Jul 21, 2022. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-Intuitive-Surgical-Inc-Earnings-Call-B15254187>
  
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