2024-01-26 17:03:27 ET
Summary
- Intuitive Surgical, Inc. reported a 22% growth in procedures, driven by strong performance in general surgery, particularly in the U.S.
- The global installed base of the da Vinci robotic system has increased by 50% since 2020, indicating growing international demand.
- Despite challenges in product margins, the Intuitive Surgical's focus on recurring revenue provides stability, with 83% of total revenue coming from recurring sources.
- The company is expected to maintain elevated EPS growth, paving the road for potentially consistent outperformance.
Introduction
A family member of mine just broke her arm, which required surgery. The doctors said that because of new technologies, it would be just a very minor procedure, likely resulting in a very rapid recovery.
This immediately reminded me of my coverage of Intuitive Surgical, Inc. ( ISRG ) , one of the most innovative healthcare companies on the market I started to follow last year....
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Intuitive Surgical Remains One Of The Biggest Compounders In Healthcare