Intuitive Surgical Stock Hits Record High as Demand for Its Robotic Devices Surges

Intuitive Surgical (ISRG) shares traded astatine an all-time precocious Friday aft nan shaper of robotic aesculapian devices posted better-than-expected second-quarter results connected soaring request for its da Vinci surgical machine.

The institution reported adjusted earnings per share of $1.46. Revenue accrued 14.5% to $2.01 billion. Both exceeded forecasts. 

Intuitive Surgical said worldwide procedures pinch its da Vinci strategy roseate 17%, and it placed 341 successful aesculapian facilities, 10 much than successful nan aforesaid play past year. At nan extremity of June it had a full of 9,203 successful use, a 14% summation from nan extremity of nan first half of 2023.

People Having Surgeries Put Off During Pandemic

The institution said that surgical procedures weren’t wounded by COVID-19, arsenic they were successful China during lockdowns location a twelvemonth ago. The institution said that much group are having procedures done that they had put disconnected during nan pandemic.

Intuitive Surgical shares were up 9% astatine $453.45 successful caller trading, aft hitting an all-time precocious of $456.81. The banal has gained 34% truthful acold successful 2024.