conference date: October 18, 2016 @ 1:30 PM Pacific Time
for quarter ending: September 30, 2016 (third quarter, Q3 2016)
Overview: Sorry, I missed this one, on vacation, don't see getting back to it.
Basic data (GAAP):
Revenue was $ million, up % sequentially from $670.1 million and up % from $ million in the year-earlier quarter.
Net income was $ million, up % sequentially from $184.5 million, and up % from $ million year-earlier.
EPS (earnings per share, diluted) were $, up % sequentially from $4.71 and up % from $ year-earlier.
Intuitive Surgical shipped da Vinci Surgical Systems, ? sequentially from 130, and up from in the year-earlier quarter.
Procedures using da Vinci systems in Q2 grew
Revenue from Da Vinci system sales was $ million, up % sequentially from $202.7 million, and up % from $ million year-earlier. $ million average price.
Revenue from instruments and accessories was $ million, up % sequentially from $339 million, and up % from $ million year-earlier. $ per procedure average.
Revenue from services was $ million was up % sequentially from $128.1 million and up % y/y from $ million.
Non-GAAP numbers: Net income was $ million, up % sequentially from $220.4 million and up % from $ million year-earlier. Non-GAAP EPS was $, up % sequentially from $5.62, and up % from $ year-earlier. % gross margin. Non-GAAP numbers exclude trade out revenues. Share based compensation expense was $ million.
The cash and equivalents balance ended at $ billion, up sequentially from $4.22 billion. There is no debt. Nothing was spent on stock buybacks in the quarter.
Cost of revenue was $ million, leaving gross profit of $ million. Operating expenses of $ million included: $ million for selling, general, and administrative; $ million for research and development. Leaving income from operations of $ million. Interest income was $ million. Income tax expense $ million.
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