Intuitive Surgical Q1 revenue $1.49B (+15%), GAAP EPS $1.00 vs $1.17 YoY

INTUITIVE SURGICAL INC

2022-Q1 EPS reported $1.00 revenue$1,487,700,000

da Vinci procedures grew ~19% YoY; compound annual growth from Q1 2019 was ~15%.
Placed 311 systems (+4% YoY); installed base reached 6,920 systems (+13% YoY).
GAAP net income $366M vs $426M YoY; non-GAAP net income $413M vs $427M.
Cash and investments $8.40B, down $218M in quarter on share repurchases and capex.
Company cited COVID resurgence as headwind but customer demand healthy per CEO.

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