Intuitive Surgical Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Intuitive Surgical Inc Q2 2023 Earnings Call Summary

Intuitive Surgical Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Intuitive Surgical Inc Q2 2023 Earnings Call Summary
Published Jul 20, 2023
15 pages (8781 words) — Published Jul 20, 2023
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About This Report

  
Abstract:

Edited Brief of ISRG.OQ earnings conference call or presentation 20-Jul-23 8:30pm GMT

  
Brief Excerpt:

...A. The fundamentals of our business were healthy in the second quarter with strong procedure and utilization growth and strong capital placements. B. Our research and development efforts continued to build momentum in the quarter, including positive development milestones for our Intuitive ecosystem, including systems, instruments, accessories, digital tools and new indications. C. Turning first to procedures, growth in the quarter was 22%....

  
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 : Congrats on a really nice quarter. I heard the comment on prototype expenses are increasing. So I figure I'll try my luck here, and I know you're not going to tell us when a next-gen or if the next-gen system is coming. But I want to ask around just implications if and when one does, you have a lot of leases now. Do they have the option to upgrade? And will that come through at higher revenues? And how do we think about the prototyping expense and really what that's for?

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Great. And maybe, Jamie, one more for you on the financial side. Another nice quarter of cash flow generation, north of $7 billion on the balance sheet. Interest rates, high inflation, high as well. How are you thinking about maximizing the cash here? And how should we think about the priorities?

Table Of Contents

Intuitive Announces FDA Clearance of Fifth-Generation Robotic System Summary – 2024-03-18 – US$ 54.00 – Edited Brief of ISRG.OQ conference call or presentation 18-Mar-24 12:45pm GMT

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 Q3 2023 Earnings Call Transcript – 2023-10-19 – US$ 54.00 – Edited Transcript 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 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 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

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Cite this Report

  
MLA:
Thomson StreetEvents. "Intuitive Surgical Inc Q2 2023 Earnings Call Summary" Jul 20, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Intuitive-Surgical-Inc-Earnings-Call-B15633873>
  
APA:
Thomson StreetEvents. (2023). Intuitive Surgical Inc Q2 2023 Earnings Call Summary Jul 20, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Intuitive-Surgical-Inc-Earnings-Call-B15633873>
  
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