Intuitive Surgical, Inc. stock research
FY2024 Q4
Intuitive Surgical (ISRG) Gross Margin — Quarter Ended Dec 31, 2024
Revenue was higher than the prior quarter and the year-ago quarter. Cost of revenue was also higher, but gross profit increased to a greater extent, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue was higher than the prior quarter and the year-ago quarter. Cost of revenue was also higher, but gross profit increased to a greater extent, resulting in an improved gross margin.
- The most notable factor in the gross margin improvement was the larger increase in revenue compared to the increase in cost of revenue.
- Compared to the prior quarter, revenue and gross profit were higher and gross margin improved. Compared to the same quarter last year, revenue was higher, cost of revenue was higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
68.0%
Gross profit
$1.6B
Revenue
$2.4B
Cost of revenue
$771.3M
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+1.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $1.9B | $1.2B | $645.2M | 65.9% |
| Jun 30, 2024 | $2.0B | $1.4B | $637.2M | 68.3% |
| Sep 30, 2024 | $2.0B | $1.4B | $664.2M | 67.4% |
| Dec 31, 2024 | $2.4B | $1.6B | $771.3M | 68.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.6 pts
Year-over-year change
Dec 31, 2023
+1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable factor in the gross margin improvement was the larger increase in revenue compared to the increase in cost of revenue.
Compared to the prior quarter, revenue and gross profit were higher and gross margin improved. Compared to the same quarter last year, revenue was higher, cost of revenue was higher, and gross margin also improved.
Monitor market acceptance of products and the allocation of resources to support them, as these factors are referenced in the filing as influential to the company's financial results.