Intuitive Surgical Reports Another Blowout Quarter: Time to Buy the Stock?
Intuitive Surgical reported a strong first quarter with revenue and earnings per share exceeding analyst expectations. The company's stock jumped after the report, but its high valuation raises concerns.
Intuitive Surgical's first-quarter revenue rose 23% year over year to $2.77 billion, surpassing analysts' expectations. The company's non-GAAP earnings per share soared 38% to $2.50. Intuitive Surgical placed 431 da Vinci surgical systems during the quarter, with its newest system accounting for more than half of those placements. Worldwide procedures grew approximately 17% year over year. The company raised its full-year 2026 guidance, expecting worldwide da Vinci procedure growth of 13.5% to 15.5%. Despite strong results, the company's stock trades at an extremely high valuation.
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