MAAT INDEX

CLAIM #32912 · Intuitive Surgical Inc (ISRG) · 2021Q3 earnings call · Oct 19, 2021 · due Dec 31, 2021

With regard to pro forma other income which is comprised mostly of interest income, we expect a range of between 50, 55 million in 2021.

Jamie Samath · CFO

PENDING
graded after results covering Dec 31, 2021 are reported

In context

revenue. We now expect 2021 pro forma gross profit margin to be within 71% and 71.5% of revenue. This range does not reflect any significant disruption associated with the current supply chain challenges. Our actual gross profit margin will vary quarter-to-quarter, depending largely on product, regional, and trade-in mix, the impact of product cost reductions in manufacturing efficiencies, and competitive pricing pressure. With respect to operating expenses, on our last call, we forecast to grow full-year pro forma 2021 operating expenses between 17% and 21% above 2020 levels. We are refining our estimate and now expect a full-year pro forma operating expense growth to be between 17% and 19%. We expect our non-cash stock compensation expense to range between 450 and 460 million in 2021. With regard to pro forma other income which is comprised mostly of interest income, we expect a range of between 50, 55 million in 2021. Finally, with respect to income tax, we expect our Q4 2021 pro forma tax rate to be approximately 21.5% of pre - tax income. That concludes our prepared remarks. We will now open the call to your questions. Operator: Ladies and gentlemen, if you'd like to ask a question . We'll go first to Amit Hassan with Goldman Sachs. Your line is open. Please go ahead. Amit Hazan: Hello. Thanks and good afternoon. I want to come back to the supply chain comment first. Just ask you how visibility looks for componentry now versus maybe a little bit earlier this year, what lead times look like now, it sounds tighter, just a little more color around that and to what extent have you already been able to either double order, for lack of a better term, I guess, or stockpile this year, and how viable of an o

Verify independently

SEC filings for ISRG · Claim quote is verbatim from the 2021Q3 earnings call.