Intuitive Surgical's Earnings Top Estimates as It Boosts Sales of Surgical Robots

Earnings Performance - Intuitive Surgical reported Q4 revenue of $2 41 billion, a 25% YoY increase, surpassing analyst consensus [1] - Q4 earnings were $686 million, or $1 88 per share, up from $606 million, or $1 69 per share, a year ago, beating expectations [1] Procedure and System Growth - Procedures performed with da Vinci surgical devices increased 18% YoY [2] - The company installed 493 da Vinci systems in Q4, compared to 415 a year ago [2] Future Outlook - The company expects da Vinci procedures to grow 13% to 16% in 2024 [3] - Adjusted gross profit margin is expected to decline by 1 to 2 percentage points, excluding potential new tariffs which could have a material impact [3] Stock Performance - Intuitive Surgical shares fluctuated slightly in extended trading after the earnings release [4] - The stock closed at an all-time high the previous day and has gained approximately 62% over the past year [4]