Overview
- Preliminary Q4 2025 revenue was about $2.87 billion versus a $2.72 billion Street view, bringing full‑year revenue to roughly $10.06 billion, up about 21% from 2024.
- Worldwide procedures grew about 18% in Q4 and approximately 19% for 2025, with Ion procedures up roughly 44% year over year and da Vinci procedures up about 17% in Q4.
- Management now expects global da Vinci procedure growth of about 13% to 15% in 2026.
- Intuitive placed 532 da Vinci systems in Q4 and 1,721 in 2025, reflecting slower placement growth of roughly 8% for the quarter and 13% for the year, including 303 da Vinci 5 units in Q4.
- Instruments and accessories revenue grew around 17% in Q4 and about 19% for the year, systems revenue rose on stronger placements and higher selling prices, and shares were down roughly 4% to $538 at publication; official results are due Jan. 22.