Intuitive Surgical (ISRG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the prior quarter but rose compared to the same period a year earlier. The sequential decrease contrasts with the year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the prior quarter but rose compared to the same period a year earlier. The sequential decrease contrasts with the year-over-year growth.
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
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+11.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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 |
|---|---|---|
| Jun 30, 2023 | $1.8B | +15.4% |
| Sep 30, 2023 | $1.7B | +12.0% |
| Dec 31, 2023 | $1.9B | +16.5% |
| Mar 31, 2024 | $1.9B | +11.5% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter a year earlier, revenue was higher. The year-over-year increase continued a pattern of annual growth.
What to watch
The sequential decline in revenue is a key metric to monitor in subsequent quarters.