Intuitive Surgical (ISRG) Revenue — Quarter Ended Dec 31, 2023
Revenue increased in the quarter, driven by higher procedure volume. The company reported growth compared to both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased in the quarter, driven by higher procedure volume. The company reported growth compared to both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+10.6%
Change from the immediately preceding quarter.
Year-over-year
+16.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.1B
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 |
|---|---|---|
| Mar 31, 2023 | $1.7B | +14.0% |
| Jun 30, 2023 | $1.8B | +15.4% |
| Sep 30, 2023 | $1.7B | +12.0% |
| Dec 31, 2023 | $1.9B | +16.5% |
Revenue performance
Revenue rose sequentially, reflecting continued demand for the company's products. The year-over-year comparison also showed an increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. When measured against the same quarter one year earlier, revenue also increased.
What to watch
Monitor whether the sequential growth rate can be sustained in upcoming quarters.