Company: ISRG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001035267-25-000192
Chunk: 68

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 68
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 Vinci surgical systems were placed compared to 341 systems during the second quarter of 2024. By geography, 216 systems were placed in the U.S., 73 in Europe, 69 in Asia, and 37 in other markets during the second quarter of 2025, compared to 149 systems placed in the U.S., 71 in Europe, 95 in Asia, and 26 in other markets during the second quarter of 2024. The increase in system placements was primarily driven by continued demand for additional capacity by our customers as a result of procedure growth as well as increased demand for our next-generation da Vinci 5 system, including the impact from customers beginning to trade in fourth-generation da Vinci systems. As of June 30, 2025, we had a da Vinci surgical system installed base of approximately 10,488 systems, compared to an installed base of approximately 9,203 systems as of June 30, 2024. The incremental system installed base reflects continued procedure growth and further customer validation that robotic-assisted surgery addresses their Quintuple Aim objectives.

The following table summarizes our da Vinci system placements and systems installed at customers under leasing arrangements:

Three Months Ended June 30,20252024Da Vinci System Placements under Leasing ArrangementsFixed-payment operating lease arrangements69 83 Usage-based operating lease arrangements124 92 Total da Vinci system placements under operating lease arrangements193 175 % of Total da Vinci system placements49%51%Sales-type lease arrangements6 26 Total da Vinci system placements under leasing arrangements199 201 Da Vinci System Installed Base under Operating Leasing ArrangementsFixed-payment operating lease arrangements1,301 1,261 Usage-based operating lease arrangements1,686 1,208 Total da Vinci system installed base under operating leasing arrangements2,987 2,469 

Operating lease revenue, including the contribution from Ion systems, was $214 million for the three months ended June 30, 2025, of which $130 million was variable lease revenue related to usage-based arrangements, compared to $157 million for the three months ended June 30, 2024, of which $80 million was variable lease revenue related to usage-based arrangements. Revenue from Lease Buyouts was $30 million for the three months ended June 30, 2025, compared to $28 million for the three months ended June 30, 2024. We expect revenue from Lease Buyouts to fluctuate period to period depending on the timing of