Intuitive Surgical (ISRG) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The filing notes that the company expects to continue funding growth through operations.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The filing notes that the company expects to continue funding growth through operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+15.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.6B | +11.0% |
| Dec 31, 2022 | $1.7B | +6.7% |
| Mar 31, 2023 | $1.7B | +14.0% |
| Jun 30, 2023 | $1.8B | +15.4% |
Revenue performance
Total revenue rose relative to the prior quarter, continuing an upward trend seen in recent periods. The company's cash and investment balances also increased, according to the filing.
Quarterly comparison
Revenue was higher than in the preceding quarter and also exceeded the level reported for the same quarter one year earlier. The sequential and year-over-year comparisons both reflect positive growth.
What to watch
Monitor the adoption and market acceptance of the company's products, as noted in the filing's discussion of cash requirements.