Intuitive Surgical Reports Strong Q1 Earnings with 19% Revenue Growth

SUNNYVALE, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Intuitive Surgical (Nasdaq: ISRG) reported strong financial results for the first quarter of 2025, achieving revenue of $2.25 billion, which marks a 19% increase from $1.89 billion in the same period last year. This growth was largely attributed to a 17% rise in da Vinci surgical procedures.

The company installed 367 da Vinci surgical systems in Q1 2025, up from 313 systems a year earlier. Notably, 147 of these were the new da Vinci 5 systems, a significant increase from just 8 units placed in Q1 2024. This indicates a strong market acceptance of the latest technology.

Intuitive’s installed base of da Vinci systems grew by 15% year-over-year, reaching a total of 10,189 systems. This growth not only strengthens the company’s market position but also supports future revenue through recurring sales of instruments and accessories, which grew by 18% to $1.37 billion.

In terms of profitability, the company’s GAAP net income rose to $698 million, or $1.92 per diluted share, compared to $545 million, or $1.51 per diluted share, in Q1 2024. Non-GAAP net income also increased to $662 million, or $1.81 per diluted share, up from $541 million, or $1.50 per diluted share, year-over-year.

Looking ahead, Intuitive forecasts continued growth in da Vinci procedures globally, estimating an increase of 15% to 17% for the full year of 2025. However, the company anticipates a slight decline in non-GAAP gross profit margins, projecting them to range between 65% and 66.5%, due in part to potential tariffs affecting their operations.

As of the end of Q1 2025, Intuitive maintained a strong financial position with $9.10 billion in cash and investments, an increase of $269 million from the previous quarter, providing solid resources for future investments.

“Core measures of our business were healthy this quarter, and we are pleased by continued customer adoption of our platforms, including da Vinci 5,” said Gary Guthart, Intuitive CEO. “As we look ahead, we remain focused on enabling our customers to deliver on their goals: better patient outcomes, improved experiences, lower total costs of care, and increased access to care.”