Intuitive Surgical stock sinks after hours as Q2 results miss estimates
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Intuitive Surgical (NASDAQ:ISRG) stock slumped ~13% after hours on Thursday as the company reported Q2 results that missed estimates on both the top and bottom line.
ISRG posted Q2 non-GAAP EPS of $1.14, which missed expectations by $0.06. The company's revenue of $1.52B also missed by $40M.

This is the company's first miss on both earnings and revenue since Q1 2019, bringing an end to a streak of 12 straight quarterly beats.
Procedures with the company's da Vinci surgical systems grew about 14% Y/Y for Q2. The growth was impacted due to disruption caused by the COVID-19 pandemic.
"COVID-19 has had, and will likely continue to have, an adverse impact on the company's procedure volumes," ISRG said in the earnings release.
The company placed only 279 da Vinci systems in the quarter, which is down 15% compared to the 328 systems placed in Q2 2021.
ISRG's cash, cash equivalents and investments also fell by $226M during Q2 to $8.18B at the end of the quarter.