secwatch.observer — SEC 8-K summary
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Issuer:     INTUITIVE SURGICAL INC (ISRG)
CIK:        0001035267
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001035267-22-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 GAAP net income $308M ($0.85 EPS) down 40% YoY; revenue $1.52B up 4%
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- Worldwide da Vinci procedures grew ~14% YoY; system placements 279 (down 15%).
- Instruments & accessories revenue $895M (+12%); systems revenue $375M (-15%).
- Non-GAAP net income $415M ($1.14 per share) vs $475M ($1.30) in Q2 2021.
- Repurchased $500M of common stock in Q2; Board increased buyback authorization to $3.5B.
- Ended Q2 with $8.18B cash; cash decreased $226M due to buybacks and capex.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035267/000103526722000123/0001035267-22-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035267/000103526722000123/isrg-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001035267-22-000123

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