Intuitive Surgical, Inc. (ISRG), in Sunnyvale, Calif., is a pioneer in minimally invasive care robotic-assisted surgery. It is a global leader in robotic-assisted surgical technology and solutions. The company is known for its da Vinci surgical system, which is designed to assist surgeons in performing minimally invasive surgeries.
For its fiscal fourth quarter, ended Dec. 31, 2021, ISRG’s revenues increased 17% year-over-year to $1.55 billion. This can be attributed to a 19% rise in worldwide da Vinci procedures. The company beat the $1.52 billion FactSet consensus revenue estimate. Its non-GAAP net income was $477 million, up 9.9% from the same period last year, and its non-GAAP EPS stood at $1.30, which is marginally higher than the $1.28 FactSet consensus EPS estimate.
