Loading...
•
Sep 30, 2025
Intuitive Surgical Q3 2025 Earnings Report
Intuitive Surgical reported strong third-quarter results driven by robust growth in procedures and increased system placements.
Key Takeaways
Intuitive Surgical delivered a strong Q3 2025 with 23% revenue growth, higher da Vinci and Ion procedure volumes, and a significant increase in da Vinci 5 system placements.
Revenue by Segment
Forward Guidance
Intuitive expects continued growth in procedure volumes with modest margin pressure due to tariffs and increased expenses.
Positive Outlook
- Worldwide da Vinci procedure growth expected to be 17%–17.5% in 2025
- Strong customer adoption of da Vinci 5 and Ion platforms
- Sustained growth in installed base across all platforms
- Consistent increase in procedure volume
- Continued innovation in minimally invasive care
Challenges Ahead
- Expected non-GAAP gross margin decline to 67%–67.5% from 69.1% in 2024
- Impact from tariffs estimated at 0.7% of revenue
- Operating expense growth forecasted at 11%–13%, up from 10% in 2024
- Macroeconomic uncertainties could affect customer spending
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...