Intuitive Surgical Placed 546 da Vinci Systems Last Quarter. Why Wall Street's Sell-Off Misses the Point.

Intuitive Surgical's stock fell despite strong quarterly results, but investors are overlooking the company's true business model. While da Vinci robot sales account for only 25% of revenue, the remaining 75% comes from services, instruments, and accessories for its installed base of 12,094 systems. With procedure volumes up 15% year-over-year and the surgical robotics market still in early adoption stages, the company's recurring revenue stream remains robust despite competitive pressures from Medtronic and Johnson & Johnson.