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Intuitive Surgical ISRG Q2 2024 earnings

Reported July 18, 2024 · After market close

Revenue$2.0BBeat by $38.3M
EPS$1.78Beat by $0.24
Revenue estimate$2.0B
EPS estimate$1.54

Next report

Oct 20, 2026 (In 2 weeks)
Revenue estimate$2.9B
EPS estimate$2.64

Financials

Q2 2024

Income statement

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Revenue$2.0B+14.5%
Gross profit$1.4B+17.1%
Operating income$567.3M+22.5%
Net income$526.9M+25.2%
EPS (diluted)$1.46+23.7%

Balance sheet

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Cash & equivalents$3.1B-11.3%
Total equity$14.7B+23.8%
Total assets$16.6B+19.8%

Cash flow

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Operating cash flow$620.5M-6.8%
CapEx$309.4M+73.5%
Free cash flow$311.1M-36.2%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$157.79B+31.7%
P/E75.4×-8.7×
P/S20.8×+2.9×

Profitability

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Gross margin66.9%+0.1pp
Operating margin25.8%+1.4pp
Net margin27.6%+6.3pp

Returns & leverage

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Return on equity15.7%+3.8pp
Current ratio5.1×-0.1×

Segments

By product

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Instruments and accessories$1.2B+15.7%
Systems$448.2M+14.1%
Service$317.3M+10.4%

FAQ

When did Intuitive Surgical report Q2 2024 earnings?
Intuitive Surgical (ISRG) reported Q2 2024 earnings on July 18, 2024 after market close.
What were Intuitive Surgical's Q2 2024 revenue and EPS?
Intuitive Surgical reported revenue of $2.0B and eps of $1.78 for Q2 2024.
Did Intuitive Surgical beat estimates in Q2 2024?
Revenue beat the consensus estimate of $2.0B by $38.3M. EPS beat the consensus estimate of $1.54 by $0.24.
Where can I find Intuitive Surgical's Q2 2024 SEC filings?
You can read the 8-K earnings release (0001035267-24-000203) and the 10-Q periodic report (0001035267-24-000207) directly on SEC EDGAR. The filing index links above go to sec.gov.