Intuitive(ISRG) - 2025 Q4 - Annual Results

Revenue Growth - Total revenue for Q4 2025 reached $2,866.2 million, a 19% increase from $2,413.5 million in Q4 2024[2] - Total revenue for the year 2025 was $10,064.7 million, up 21% from $8,352.1 million in 2024[2] - Instruments and accessories revenue increased by 17% to $1,658.3 million in Q4 2025, compared to $1,411.5 million in Q4 2024[2] Da Vinci Surgical System Performance - Da Vinci Surgical System placements in the U.S. grew by 7% to 304 units in Q4 2025, while total placements for the year increased by 23% to 987 units[2] - Total worldwide procedures performed using the da Vinci system reached approximately 3,153 thousand in 2025, an 18% increase from 2,683 thousand in 2024[3] - The installed base of da Vinci systems increased by 12% to 11,106 units as of December 31, 2025[2] Pricing and Revenue Composition - The average selling price of systems rose by 5% to $1.68 million in Q4 2025, compared to $1.59 million in Q4 2024[2] - The company reported a total recurring revenue percentage of 81% for Q4 2025, up from 80% in Q4 2024[2] Trade-in and Ion System Placements - Unit placements involving trade-ins surged by 135% to 146 units in Q4 2025, compared to 62 units in Q4 2024[2] - Ion System placements decreased by 39% to 42 units in Q4 2025, down from 69 units in Q4 2024[2]

Intuitive(ISRG) - 2025 Q4 - Annual Results - Reportify