secwatch.observer — SEC 8-K summary
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Issuer:     INTUITIVE SURGICAL INC (ISRG)
CIK:        0001035267
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001035267-25-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Q4 beats: rev $2.41B, adj EPS $2.21; buys Euro distributors for ~€321M
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- Q4 da Vinci procedures grew ~18% YoY; 493 systems placed including 174 da Vinci 5.
- Q4 GAAP EPS $1.88, non-GAAP EPS $2.21; revenue $2.41B (+25% YoY).
- Acquisition of da Vinci/Ion distribution in Italy, Spain, Portugal, etc. for €290M upfront + €31M milestones; closing H1 2026.
- 2025 outlook: da Vinci procedure growth 13-16%, non-GAAP gross margin 67-68%.
- Installed base grew 15% to 9,902 systems; cash and investments $8.83B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035267/000103526725000008/0001035267-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035267/000103526725000008/isrg-20250121.htm
  HTML page:      https://secwatch.observer/filing/0001035267-25-000008

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