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Investing.com -- Intuitive Surgical Inc (NASDAQ:ISRG) shares surged 13.6% after the robotic surgery pioneer reported third-quarter results that significantly exceeded analyst expectations, driven by strong procedure growth and accelerating adoption of its newest da Vinci 5 system.
The company reported adjusted earnings of $2.40 per share, handily beating the analyst estimate of $1.99. Revenue jumped 23% YoY to $2.51 billion, surpassing the consensus estimate of $2.41 billion. Worldwide procedures using Intuitive’s systems grew approximately 20% compared to the same quarter last year, with da Vinci procedures increasing 19% and Ion procedures surging 52%.
"We’re pleased with our strong results this quarter, underscored by continued growth in customer use and adoption of our Ion and da Vinci platforms, including da Vinci 5," said Dave Rosa, Intuitive CEO.
The company placed 427 da Vinci surgical systems during the quarter, up from 379 in the third quarter of 2024. Notably, placements of the new da Vinci 5 system more than doubled to 240 units, compared with 110 in the year-ago period. Intuitive’s total da Vinci installed base grew 13% YoY to 10,763 systems.
Instruments and accessories revenue, which reflects ongoing usage of installed systems, increased 20% to $1.52 billion, while systems revenue jumped 33% to $590 million.
For the full year 2025, Intuitive maintained its guidance for worldwide da Vinci procedure growth of approximately 17% to 17.5%. The company expects non-GAAP gross profit margin to be between 67% and 67.5% of revenue, which includes an estimated impact from tariffs of 0.7% of revenue.
During the quarter, Intuitive repurchased 4.0 million shares of its common stock for $1.92 billion, demonstrating confidence in its long-term growth prospects.