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Key highlights from Intuitive Surgical (ISRG) Q1 2021 earnings results

Intuitive Surgical, Inc. (NASDAQ: ISRG) reported first quarter 2021 earnings results today.

Revenues increased 18% year-over-year to $1.29 billion, driven by growth in da Vinci procedures and system placements.

GAAP net income was $426 million, or $3.51 per share, compared to $314 million, or $2.62 per share, in the same period last year. Adjusted net income was $427 million, or $3.52 per share.

The company ended the quarter with $7.2 billion in cash, cash equivalents, and investments, reflecting an increase of $361 million, primarily driven by cash generated from operations.

Prior performance

intutive surgical Q4 2020 earnings Ig

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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