Intuitive Surgical shares surge 7% after Q3 earnings beat

), a leader in robotic-assisted surgery, saw its shares jump 7.2% after reporting third-quarter earnings that surpassed analyst expectations. The company's strong performance was driven by increased adoption of its da Vinci surgical systems and growth in procedure volumes.

The company's da Vinci procedures grew approximately 18% YoY, while system placements increased to 379 units, up from 312 in the third quarter of 2023. Notably, 110 of these placements were the new da Vinci 5 systems. Intuitive's installed base of da Vinci systems reached 9,539, a 15% YoY increase. Gary Guthart, Intuitive's CEO, commented on the results:"Core measures of our business were healthy this quarter, and we are pleased by customer adoption of da Vinci 5. We remain focused on delivering the goals we share with our customers, centered on improving patient outcomes."

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