Intuitive Surgical Falls to a 52-Week Low After Earnings Beat

Earnings
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Intuitive Surgical shares fell 11.41% to a 52-week low after the company reported second-quarter results that beat Wall Street estimates. Revenue rose 19% to $2.89 billion and non-GAAP earnings reached $2.80 per share, compared with $2.19 a year earlier, exceeding analyst forecasts of $2.51 per share on revenue of $2.82 billion. Worldwide procedures grew about 16%, and the company placed 468 da Vinci systems, including 246 of its newest da Vinci 5, up from 180 a year ago, expanding the installed base 12% to 11,710 systems. Non-GAAP EPS included an $0.08 benefit from tariff refunds, implying underlying earnings closer to $2.72, while gross margin hit 70.0% in the quarter but full-year guidance was set at 68.0% to 69.0%, reflecting an estimated one percentage point of tariff drag. Intuitive held its full-year procedure growth forecast at 13.5% to 15.5%, a step down from the 16% posted this quarter, and ended the period debt-free with $8.63 billion in cash and investments after repurchasing $0.38 billion of stock.

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Intuitive Surgical Inc
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Shares fell 11.41% to a 52-week low despite earnings beat, as full-year guidance for procedure growth and gross margin disappointed, with tariff drag and a step-down in growth.

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