Intuitive Surgical Full Year 2024 Earnings: Beats Expectations

Intuitive Surgical (NASDAQ:ISRG) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.35b (up 17% from FY 2023).
• Net income: US$2.32b (up 29% from FY 2023).
• Profit margin: 28% (up from 25% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$6.54 (up from US$5.12 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intuitive Surgical Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 1.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Intuitive Surgical's balance sheet.

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