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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.24B | 3.9% |
| Gross Profit | 1.37B | 0.1% |
| Cost of Revenue | 1.18B | 0.9% |
| Operating expense | 797M | 1.1% |
| Net Income | 565M | 7.2% |
| EBITDA | 581M | 1.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 17.7B | 6.6% |
| Total Liabilities | 2.07B | 11.5% |
| Total Equity | 15.6B | 5.9% |
| Shares Outstanding | 356M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 707M | 13.9% |
| Cash from investing | -1.41B | 202.5% |
| Cash from financing | 98M | 96.4% |
EPS
Financial Highlights for Intuitive Surgical in Q3 '24
Intuitive Surgical reported a revenue of 2.24B, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.37B, marking a 0.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.18B, a 0.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 797M, showing a -1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 565M, showing a 7.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 581M, showing a 1.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Intuitive Surgical with growth in revenue, gross profit, and net income.
