“We continue to expect that rates of leasing will increase over time, primarily driven by OUS markets.”

In context

“In Q3, we placed 64 systems compared to 52 systems last year. Q3 performance was driven by strength in Brazil and the Middle East. Within the 427 da Vinci placements, we placed 30 SP systems in the third quarter, higher than the 21 systems last year, driven primarily by OUS markets. For our ION platform, we placed 50 systems in the quarter compared to 58 systems last year. Q3 ION placements included nine systems in OUS markets. Lower ION placements in the US primarily reflect a joint focus with our customers on increasing utilization. As a function of our capital performance, quarter three systems revenue grew 33% to $590 million. For our da Vinci business, leasing represented 54% of da Vinci placements, as compared to 49% last quarter and 58% last year, driven primarily by customer mix. We continue to expect that rates of leasing will increase over time, primarily driven by OUS markets. Da Vinci leasing revenue increased 33%, reflecting an 18% expansion of the installed base under operating lease arrangements and a 10% increase in lease revenue per system driven by a higher mix of da Vinci V. The average selling price for purchased da Vinci systems was $1.6 million in Q3, as compared to $1.5 million last year, driven by a higher mix of da Vinci V and a higher mix of dual console systems, partially offset by higher trade-ins. Lease buyout revenue was $22 million, as compared to $30 million last quarter and $24 million last year. Quarter three service revenue increased 20% to $396 million, reflecting an increase of the da Vinci installed base of 13% and the ION installed base of 30%. Service revenue per system for our da Vinci installed base increased 5% year over year, pr”