secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTUITIVE SURGICAL INC (ISRG)
CIK:        0001035267
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001035267-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Q4 revenue $1.66B (+7%), GAAP EPS $0.91, non-GAAP $1.23; 18% procedure growth, $1B buyback
--------------------------------------------------------------------------------

- Revenue $1.66B (+7% YoY); GAAP net income $325M ($0.91/sh) vs $381M ($1.04/sh) in Q4 2021.
- Non-GAAP net income $439M ($1.23/sh) vs $473M ($1.29/sh); global da Vinci procedures up 18% YoY.
- Placed 369 da Vinci systems (-4% YoY); installed base 7,544 (+12%).
- Repurchased $1B of common stock in Q4; cash & investments $6.74B.
- COVID resurgence in China negatively impacted Q4 procedures; litigation charge of $21M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035267/000103526723000006/0001035267-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035267/000103526723000006/isrg-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001035267-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer