Intuitive Surgical (ISRG) Revenue — Quarter Ended Sep 30, 2023
Revenue in the quarter decreased slightly compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the prior year growth, reflecting a mixed near-term trend.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue in the quarter decreased slightly compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the prior year growth, reflecting a mixed near-term trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
-0.7%
Change from the immediately preceding quarter.
Year-over-year
+12.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
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 |
|---|---|---|
| Dec 31, 2022 | $1.7B | +6.7% |
| Mar 31, 2023 | $1.7B | +14.0% |
| Jun 30, 2023 | $1.8B | +15.4% |
| Sep 30, 2023 | $1.7B | +12.0% |
Revenue performance
The reported revenue declined relative to the prior quarter, while showing an increase when measured against the same period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell slightly. In contrast, revenue rose from the level seen in the same quarter one year ago.
What to watch
The sequential revenue decline warrants attention for signs of changing demand patterns.