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CLAIM #33010 · Intuitive Surgical Inc (ISRG) · 2022Q2 earnings call · Jul 21, 2022 · due Jul 21, 2023

I do think that will slowly continue to tick up just based on what we hear from customers.

Jamie Samath · CFO

PENDING
graded after results covering Jul 21, 2023 are reported

In context

m do that. I still think there are hospitals out there that are going to be strategic that are in better financial condition. And if they want to build a new capacity and a new product line says SP or Ion or to branch out into a new region, then they'll do that. And we'll help them do that as well. I don't think this is a one or two quarter resolution. It's certainly going to be something longer than that. With regard to change in lease and how do we think about leases going forward? Jamie, I'll ask you to take that. Jamie Samath: Yeah. If I split between U.S. and O-U.S., what you've seen in the U.S. is relative maturity in understanding and acceptance use of our leasing program. It's been ticking up slowly over time while it will fluctuate quarter-to-quarter based on customer preference. I do think that will slowly continue to tick up just based on what we hear from customers. In O-U.S. where we offer leasing, which is not in every market, we’re at an earlier stage. And so you're seeing growing understand and acceptance as leasing as an option as they acquire capital. And so I'd expect that to continue to climb over time. Travis Steed: Great. Thank you. And I had one other question, Gary, listened to your talk a few weeks ago, and you mentioned the time it takes to get new parts to market is a couple of years longer. I think you said six to eight years before now, eight to 10 years. I'd love to kind of get in a little more detail on that assumption that you went through there. And kind of think is, I guess I assume it's mostly regulatory, but kind of dig into the comment a bit more and see how that's changed your strategic thinking in general of how you think a

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SEC filings for ISRG · Claim quote is verbatim from the 2022Q2 earnings call.