Here’s What To Expect From Intuitive Surgical’s Q2

Intuitive Surgical (NASDAQ: ISRG) will report its Q2 2023 results on Thursday, July 20. We expect the company’s revenues to come in at $1.7 billion, aligning with the consensus estimate. This would mark year-over-year growth of about 12%. Earnings are likely to come in at about $1.32 on a per-share and adjusted basis, in line with the consensus estimate. See our interactive dashboard analysis on Intuitive Surgical Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive Intuitive Surgical’s
ISRG
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The company will likely continue to benefit from a rise in total procedure volume. The company continues to expand its installed base, which results in the growth of recurring revenues, such as consumables. Intuitive Surgical’s revenue of $1.7 billion in Q1’23 reflected a 14% y-o-y rise, with instruments and accessories seeing 22% growth, services up 14%, and the systems segment seeing no growth. Overall procedure volume was up a solid 26%, and the company’s installed base grew 12% to 7,779 systems.