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Wall St Engine
@wallstengine
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ๅŠ ๅ…ฅ March 2022
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INTUITIVE SURGICAL $ISRG Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $3.05B (Est. $2.91B) ๐ŸŸข; +22% YoY ๐Ÿ”น Adj. EPS: $3.00 (Est. $2.64) ๐ŸŸข; +25% YoY ๐Ÿ”น GAAP EPS: $1.49; -24% YoY ๐Ÿ”น Adj. Gross Margin: 69.9% FY26 Guide: ๐Ÿ”น da Vinci Procedure Growth: ~+14%-+15% ๐Ÿ”น Adj. Gross Margin: 68.7%-69.3% ๐Ÿ”น Adj. Opex Growth: +11%-+13% Revenue Breakdown: ๐Ÿ”น Instruments & Accessories: $1.80B; +18% YoY ๐Ÿ”น Systems: $769M; +30% YoY ๐Ÿ”น Services: $482.2M Procedures: ๐Ÿ”น Worldwide: ~+15% YoY ๐Ÿ”น da Vinci: ~+14% YoY ๐Ÿ”น Ion: ~+31% YoY System Placements: ๐Ÿ”น da Vinci: 546; +28% YoY ๐Ÿ”น da Vinci 5: 315; +31% YoY ๐Ÿ”น Ion: 56; +12% YoY Other Q3 Metrics: ๐Ÿ”น da Vinci Installed Base: 12,094; +12% YoY ๐Ÿ”น Ion Installed Base: 1,152; +21% YoY ๐Ÿ”น Adj. Oper Income: $1.27B (Est. $1.13B) ๐ŸŸข Key Updates: ๐Ÿ”น Antitrust settlement charge: $450M; $347M net of tax, $0.99/share ๐Ÿ”น IEEPA tariff refund benefit: $22M net of tax, $0.06/share; in GAAP and non-GAAP ๐Ÿ”น Expects da Vinci procedure growth closer to the midpoint of the range ๐Ÿ”น Share Repurchases: $2.94B; 7.8M shares ๐Ÿ”น Cash, cash equivalents, and investments: $6.80B Comments: ๐Ÿ”ธ โ€œOur strong performance this quarter was marked by broad-based adoption across our multi-port, single-port, and Ion platforms, with customers using our systems to perform, on average, over 10,000 procedures per day throughout the period.โ€
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