Categories AlphaGraphs, Earnings, Health Care

Earnings: Intuitive Surgical (ISRG) Q3 results exceed estimates

Intuitive Surgical Inc. (NASDAQ: ISRG) reported lower earnings and revenues for the third quarter of 2020, hurt by the coronavirus-related disruption. However, the results topped the Street view.

Intuitive Surgical Q3 2020 Earnings Infographic

The top-line dropped 4% annually to $1.08 billion during the three-month period, despite an increase in the flagship da Vinci procedures. At $2.77 per share, adjusted earnings were down 19% year-over-year.

Net income declined to $314 million or $2.60 per share from $397 million or $3.33 per share in the third quarter of 2019. During the quarter, operations were disrupted by the pandemic and procedure volumes remained below the normal levels.


Read management/analysts’ comments on Intuitive Surgical’s Q3 results


Shares of Intuitive Surgical closed Thursday’s regular session lower. The stock has gained 27% since the beginning of the year.

  • Intuitive Surgical reports Q2 2020 earnings results
  • intuitive surgical Q1 2020 earnings infographic

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