31 stories mentioning ISRGUpdated 7h ago
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Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $479.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $491.63, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $369.44, Change: $+12.61, Percent Change: +3.53%
Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $488.85, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $497.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $334.80, Change: $+2.78, Percent Change: +0.84%
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes slumped as growth sectors sold off, with chipmakers on the doorstep of a bear market, and crude oil surged after Iran widened its attack to a desalination plant in Kuwait.The Nasdaq retreated 1.4% to 25,520.24, with the S&P 500 down 1% to 7,457.69 and the Dow Jones Industrial Average lower by 0.8% to 52,146.42 on Friday. Communication services, consumer discretionary, and technology led decliners, while energy was the sole gainer.The VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell to $556.53 on Friday from an intraday high of $671.83 on June 22, a decline of about 17%, heading into bear market territory."A Chinese startup called Moonshot announced it had a new Kimi K3 model that it claims is on par with American AI offerings from OpenAI and Anthropic," Derek Holt, head of capital market economics at Scotiabank, said in a note. "It's a replay of the prior market scare around China's DeepSeek which markets ultimately shook off and which itself may be important guidance for today. Still, AI and AI-related stocks across the tech world are under negative pressure."Netflix (NFLX), part of the communication services sector, reported mixed fiscal Q2 results overnight, with earnings above consensus while sales missed, and Q3 guidance lagging market expectations. Shares sank 7.3%, helping lead the S&P 500 and the Nasdaq lower.Shares of Intuitive Surgical (ISRG) slumped 14%, the worst performer on the Nasdaq, as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.Meta Platforms (META) is in talks to rent out computing power from its data centers to Anthropic in a deal that could be worth up to $10 billion over two years, The New York Times reported Friday, citing people with knowledge of the discussions.In geopolitical news, the US and Iran escalated attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified, the Associated Press reported. The US hit more bridges and energy sites while collapsing a tower at a key Iranian port, following through on President Donald Trump's threats to pressure Tehran to ease its chokehold on the waterway vital to world energy supplies, the news report said.In response, Iran launched missiles into US-allied nations in the region, including Qatar, a mediator in the war, and Kuwait, where one of the desert nation's water desalination plants was damaged, according to the Associated Press.The front-month US West Texas Intermediate jumped 4.2% to $82.24 a barrel, and global benchmark North Sea Brent advanced 4.3% to $87.83 a barrel.US Treasury yields traded mixed, with the 10-year down 1.6 basis points to 4.55%. The two-year rose 2.7 basis points to 4.18%.In precious metal markets, gold futures rose 0.6% to $4,017.9, and silver futures climbed 0.3% to $56.34.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for 51.0 in a Bloomberg-compiled survey.Michigan said that despite the highest index reading since February, consumers remain dissatisfied due to high prices, adding that it would be difficult to maintain the recent improvement in sentiment if gasoline prices rebound. "Interviews for this release spanned June 23 to July 13, with more than 70% completed before the resumption of US strikes against Iran on July 7 and the subsequent increase in gas prices."Michigan poll respondents saw one-year inflation expectations at 4.2%, down from 4.6% in June, while five-year inflation expectations remained at 3.3%.
(Updates with market moves at the end of the day and weekly index changes.)US equities declined Friday as Netflix (NFLX) shares sold off, capping a losing week for Wall Street amid renewed tensions in the Middle East that drove oil prices higher.The Nasdaq Composite shed 1.4% to close at 25,520.24, while the S&P 500 dropped 1% to 7,457.69. The Dow Jones Industrial Average lost 0.8% to settle at 52.146.42. Barring energy, all sectors ended in the red, led by communication services.Netflix (NFLX) shares slumped 7.3% Friday, among the worst performers on the S&P 500. The steaming giant's move to annual engagement reporting and its soft US and Canada revenue in the second quarter apparently weighed on the stock, BofA Securities said in a note.Netflix's June-quarter revenue fell short of Wall Street's estimate, results released late Tuesday showed.West Texas Intermediate crude oil was up 4% at $82.14 a barrel in Friday late-afternoon trade, while Brent rose 4.3% to $87.82. The WTI was headed for its biggest weekly gain since early March, while Brent was on track for its steepest weekly rise since mid-April.Iran has hit Jordan, Kuwait and Qatar, while Tehran also claimed it targeted US military assets in Oman and Bahrain, CNN reported Friday."Energy and refined fuel flows through the Strait of Hormuz continues to slow amid the escalating conflict between the US and Iran," Saxo Bank said in a report. "The renewed disruption has interrupted the recent recovery in regional supply, reviving concerns about tighter global markets."US Treasury yields were mixed, with the two-year rate up 2.7 basis points at 4.18% and the 10-year rate falling 1.8 basis points to 4.55%.This week, the Nasdaq and the S&P 500 fell 2.9% and 1.6%, respectively, following their two consecutive weekly gains. The Dow dipped 0.9% to log its second straight weekly decline."Beyond concerns about the latest flare-up in oil, arguably the bigger concern for policymakers is the inflationary impact of the boom in (artificial intelligence) spending," Douglas Porter, chief economist at BMO Financial Group, said in a report Friday.In other corporate news, Intuitive Surgical (ISRG) shares sank 14% Friday, the steepest decline on the S&P 500. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results late Thursday.SpaceX (SPCX) share fell 5.4%. The company's Starship rocket triggered an "automatic launch abort," with the next launch to be rescheduled possibly in a few days, SpaceX Chief Executive Elon Musk said in a Thursday post on X.Travelers (TRV) shares jumped 9.2%, the top gainer on the S&P 500 and the Dow. The property and casualty insurer's second-quarter earnings unexpectedly increased year over year, while its written premiums came in ahead of market estimates.In economic news, US consumer sentiment this month hit its highest level since February amid easing price pressures at the pump, though renewed tensions in the Middle East could weigh on confidence going forward, according to a survey by the University of Michigan.US housing starts increased more than expected last month amid a sharp jump in multi-family projects, government data showed.Gold was up 0.7% to $4,020.50 per troy ounce, while silver gained 0.5% to $56.44 per ounce.
US equity indexes closed lower on Friday as crude oil prices jumped amid escalating attacks by the US and Iran in the Middle East.* US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran. In response, Iran launched missiles into Qatar and Kuwait, the Associated Press reported.* The University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for 51.0 in a Bloomberg survey.* August West Texas Intermediate crude oil rose $2.95 to settle at $81.90 per barrel, while September Brent crude, the global benchmark, was last seen up $3.25 at $87.48.* Travelers (TRV) shares rose 9.3%, the top gainer on the S&P 500, after the company's Q2 earnings unexpectedly increased, while its written premiums came in ahead of market estimates.* Intuitive Surgical's (ISRG) shares fell 14%, the biggest drop on the S&P, as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.
Healthcare stocks were mixed late Friday afternoon, with the NYSE Healthcare Index unchanged and the State Street Health Care Select Sector SPDR ETF (XLV) decreasing 0.3%.The iShares Biotechnology ETF (IBB) was up 0.1%.In corporate news, Eli Lilly's (LLY) long-term GLP-1 franchise is unlikely to face significant pressure from generic GLP-1 drugs, as manufacturing constraints should limit generic market penetration while the company's next-generation therapies are expected to preserve its market leadership, UBS Securities said in a note. Lilly shares were up 0.7%.Intuitive Surgical (ISRG) shares fell nearly 14%. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results.GSK (GSK) shares were down 2.1% after it said Friday it will discontinue development of camlipixant for refractory chronic cough after the drug produced mixed results in the phase 3 CALM-1 and CALM-2 trials.Xencor (XNCR) shares jumped about 13% after the firm said Friday that phase 1 results for its experimental cancer therapy XmAb819 in advanced clear cell renal cell carcinoma have been selected for a proffered paper oral presentation at the European Society of Medical Oncology Congress in October.
(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday amid a post-earnings sell-off in Netflix (NFLX) shares, while oil prices jumped as hostilities in the Middle East escalated.The Nasdaq Composite was down 1.1% at 25,593.7 after midday Friday, while the S&P 500 fell 0.8% to 7,471.1. The Dow Jones Industrial Average dropped 0.6% to 52,258.2. Barring energy, all sectors were in the red, led by communication services.Netflix was 7.8% lower intraday, among the worst performers on the S&P 500. The steaming giant's move to annual engagement reporting and its soft US and Canada revenue in the second quarter are apparently weighing on the stock, BofA Securities said in a note. Netflix's June quarter revenue fell short of Wall Street's estimate late Thursday.West Texas Intermediate crude oil was up 4.5% at $82.48 a barrel intraday Friday, while Brent rose 4.4% to $87.89.Kuwait, Jordan and Qatar have come under attack by Iran, while Tehran also claimed it targeted US military assets in Oman and Bahrain, CNN reported Friday."Crude oil extended its rally, with Brent climbing back above $85 a barrel, as energy and refined fuel flows through the Strait of Hormuz continues to slow amid the escalating conflict between the US and Iran," Saxo Bank said in a report. "The renewed disruption has interrupted the recent recovery in regional supply, reviving concerns about tighter global markets."US Treasury yields were mixed intraday, with the two-year rate up 1.6 basis points at 4.17% and the 10-year rate falling 2.4 basis points to 4.55%.In other corporate news, Intuitive Surgical (ISRG) shares slumped 13%, the steepest decline on the S&P 500. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results late Thursday.SpaceX (SPCX) share were down 4.3% intraday Friday. The company's Starship rocket triggered an "automatic launch abort," with the next launch to be rescheduled possibly in a few days, SpaceX Chief Executive Elon Musk said in a Thursday post on X.Travelers (TRV) shares jumped 8.3% intraday Friday, the top gainer on the S&P 500 and the Dow. The property and casualty insurer's second-quarter earnings unexpectedly increased year over year, while its written premiums came in ahead of market estimates.In economic news, US consumer sentiment this month hit its highest level since February amid easing price pressures at the pump, though renewed tensions in the Middle East could weigh on confidence going forward, according to a survey by the University of Michigan.US housing starts increased more than expected last month amid a sharp jump in multi-family projects, government data showed.Gold was up 0.7% to $4,019.30 per troy ounce, while silver gained 0.3% to $56.33 per ounce.
Netflix (NFLX) shares dropped 7.5%, a day after the company reported mixed fiscal Q2 results, with earnings beating consensus while sales missed, and Q3 guidance trailing market expectations.Intraday volume topped 94.4 million shares, compared with the daily average of 41 million.Intuitive Surgical's (ISRG) shares slumped 13% as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.Volume topped 7.2 million shares, compared with the daily average of 2.6 million.Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin AI design, Reuters reported.The stock declined 8.6% with volume topping 2.84 million shares, compared with the daily average of 1.89 million.Price: $68.78, Change: $-5.57, Percent Change: -7.49%
Healthcare stocks were mixed Friday afternoon, with the NYSE Healthcare Index increasing 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.3%.The iShares Biotechnology ETF (IBB) was up 0.1%.In corporate news, Intuitive Surgical (ISRG) shares fell past 12%. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results.GSK (GSK) shares were down 2.7% after it said Friday it will discontinue development of camlipixant for refractory chronic cough after the drug produced mixed results in the phase 3 CALM-1 and CALM-2 trials.Takeda Pharmaceutical (TAK) shares rose 2%. The company said late Thursday that new phase 3 data showed its oral TYK2 inhibitor, zasocitinib, delivered high rates of skin clearance across difficult-to-treat body sites in adults with moderate-to-severe plaque psoriasis.
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes slumped as growth sectors sold off while crude oil jumped after Iran widened its attack on Washington assets in the Middle East.The Nasdaq retreated 0.9% to 25,657.2, with the S&P 500 down 0.5% to 7,493.6 and the Dow Jones Industrial Average lower by 0.4% to 52,362.8 after midday Friday. Communication services, consumer discretionary, and technology led decliners, while energy was the sole gainer."A Chinese startup called Moonshot announced it had a new Kimi K3 model that it claims is on par with American AI offerings from OpenAI and Anthropic," Derek Holt, head of capital market economics at Scotiabank, said in a note. "It's a replay of the prior market scare around China's DeepSeek which markets ultimately shook off and which itself may be important guidance for today. Still, AI and AI-related stocks across the tech world are under negative pressure."Netflix (NFLX), part of the communication services sector, reported mixed fiscal Q2 results overnight, with earnings above consensus while sales missed, and Q3 guidance lagging market expectations. Shares sank 6.8%, helping lead the S&P 500 and the Nasdaq lower.Shares of Intuitive Surgical (ISRG) slumped nearly 13%, the worst performer on the Nasdaq, as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.Meta Platforms (META) is in talks to rent out computing power from its data centers to Anthropic in a deal that could be worth up to $10 billion over two years, The New York Times reported Friday, citing people with knowledge of the discussions.Apple (AAPL) has sent personal legal warnings to dozens of former employees now working at Microsoft-backed (MSFT) OpenAI to find proof that the artificial intelligence company stole its trade secrets, the Financial Times reported Friday, citing people familiar with the matter. Shares of Microsoft dropped 1.7%, one of the biggest laggards on the Dow.In geopolitical news, US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran, degrading the nation's military capabilities and holding it "accountable" for recent attacks on commercial shipping in the Strait of Hormuz. President Donald Trump has threatened to launch broad-based air strikes on Iranian infrastructure and has also declined to rule out a ground assault on Iran's coast or islands, Reuters reported.In response, Iran announced attacks on Gulf countries that host US airbases, including Bahrain, Qatar, and Kuwait, the Reuters news report said. Authorities in Kuwait said one of the country's power generation and water desalination stations had been hit in an Iranian attack, it added. Iran recently warned the US that it has asked its allies, Yemen's Houthis, to stand ready to close the Red Sea chokepoint.The front-month US West Texas Intermediate jumped 4% to $82.10 a barrel, and global benchmark North Sea Brent advanced 3.9% to $87.50 a barrel.US Treasury yields traded mixed, with the 10-year down 2.4 basis points to 4.55%. The two-year rose 1.6 basis points to 4.17%.In precious metal markets, gold futures edged up 0.8% to $4,022.3, and silver futures climbed 0.1% to $56.25.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for 51.0 in a Bloomberg-compiled survey.Michigan said that despite the highest index reading since February, consumers remain dissatisfied due to high prices, adding that it would be difficult to maintain the recent improvement in sentiment if gasoline prices rebound. "Interviews for this release spanned June 23 to July 13, with more than 70% completed before the resumption of US strikes against Iran on July 7 and the subsequent increase in gas prices."Michigan poll respondents saw one-year inflation expectations at 4.2%, down from 4.6% in June, while five-year inflation expectations remained at 3.3%.
Healthcare stocks were mixed Friday afternoon, with the NYSE Healthcare Index increasing 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.3%.The iShares Biotechnology ETF (IBB) was up 0.1%.In corporate news, Intuitive Surgical (ISRG) shares fell nearly 13%. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results.
All three major US stock indexes were down Friday, as chipmakers led the way down on the final trading day of the week.In company news, Netflix (NFLX) reported fiscal Q2 earnings late Thursday of $0.80 per diluted share, up from $0.72 a year earlier and above the FactSet consensus analyst estimate of $0.79. Fiscal Q2 revenue was $12.56 billion, up from $11.08 billion but below the FactSet consensus of $12.58 billion. For Q3, the company expects EPS of $0.82 on revenue of $12.86 billion. Analysts polled by FactSet expect $0.84 and $13 billion, respectively. For full-year 2026, Netflix expects revenue of $51 billion to $51.4 billion, up from its previous guidance of $50.7 billion to $51.7 billion. Analysts expect $51.38 billion. Netflix shares were down 8.5% around midday.SpaceX's (SPCX) Starship rocket triggered an "automatic launch abort" Thursday, with the launch possibly rescheduled "in a few days," Chief Executive Elon Musk said Thursday on X. SpaceX shares were down 5.3%.Travelers (TRV) reported Q2 core income Friday of $10.04 per diluted share, up from $6.51 a year earlier and above the FactSet consensus of $5.41. Second-quarter revenue was $12.15 billion, up from $12.12 billion a year ago and above the FactSet consensus of $11.26 billion. Travelers shares were up 8.6%.Intuitive Surgical (ISRG) reported fiscal Q2 adjusted earnings late Thursday of $2.80 per diluted share, up from $21.9 a year earlier and above the FactSet consensus of $2.51. Fiscal Q2 revenue was $2.89 billion, up from $2.44 billion a year earlier and above the FactSet consensus of $2.83 billion. Intuitive shares were down 12.5%.Cadence Design Systems (CDNS) and Rapidus will jointly work to advance agentic AI for advanced-node system-on-chip design under a new collaboration, Cadence said late Thursday. The companies will combine Rapidus AI-native design and manufacturing ecosystem for advanced-node semiconductors with Cadence's agentic AI design orchestration technology. Cadence shares were down 10.7%.Price: $68.15, Change: $-6.21, Percent Change: -8.35%
Intuitive Surgical (ISRG) remains positioned for durable growth despite moderating US da Vinci procedure growth, RBC Capital Markets said in a Thursday note.The firm said US da Vinci procedure growth slowed to 12% in Q2 from 14% in Q1 because of deferred elective procedures tied to changes in Affordable Care Act premium subsidies and continued GLP-1-related pressure on bariatric procedures.RBC said the underlying disease burden remains unchanged and management expects deferred procedures to return over time.RBC also said capital demand remains steady, supported by da Vinci 5 upgrade activity, ambulatory surgery center placements and a leasing model that provides flexibility for customers.RBC Capital Markets maintained its Outperform rating on Intuitive Surgical and lowered its price target to $575 from $600.Price: $351.28, Change: $-51.05, Percent Change: -12.69%
Intuitive Surgical (ISRG) is heading into a period of intensifying competitive headwinds and long-term pricing pressure, Oppenheimer said Friday in a report.Intuitive's scarcity-value premium is increasingly difficult to defend, Oppenheimer said, highlighting unsustainable pricing dynamics and growing threats from emerging Chinese robotic systems as key constraints on the company's forward growth profile.US procedure volumes slowed in Q2, rising 12% from a year earlier versus 14% in Q1, a trend only partly explained by Affordable Care Act-related patient deferrals, the report said. Despite the softer quarter, Intuitive maintained its 2026 procedure growth outlook of 13.5% to 15.5%, implying 14% growth in H2, Oppenheimer said.The guidance incorporates ACA premium shifts, new obesity drugs, competitive pressure from Chinese platforms, and capital-spending constraints in Japan and Europe, the report said. Oppenheimer also noted that Intuitive's move toward extended-use instruments may weigh on instruments and accessories growth in 2027, Oppenheimer said.Oppenheimer has a perform rating on Intuitive Surgical. At least 12 other analysts cut their price targets on the stock following the Q2 results.Price: $355.39, Change: $-46.94, Percent Change: -11.67%
The benchmark US stock measures were pointing lower before the open Friday as a sell-off in semiconductor shares continued to weigh on market sentiment.The S&P 500 declined 0.9%, the Dow Jones Industrial Average was off 0.7% and the Nasdaq fell 1.8% in premarket activity. The indexes finished the previous trading session in the red.Shares of tech bellwether and chipmaking giant Nvidia (NVDA) decreased 2.5% pre-bell, while Micron Technology (MU) edged down 0.4% following a 5.7% drop at the close of Thursday. Advanced Micro Devices (AMD) fell 2.7%, while Intel (INTC) moved down 3.3%. SanDisk (SNDK) fell 1.3% before the bell after closing the previous session down 12.6%. Taiwan Semiconductor (TSM) slipped 3.3%.Streaming giant Netflix (NFLX) tanked 9.5% as it reported second-quarter revenue below Wall Street's estimates. Intuitive Surgical (ISRG) slumped 12% as growth of the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.SpaceX (SPCX) declined 2.7% after Chief Executive Elon Musk said in a social media post that a planned Starship test flight was aborted after some engines failed to start.The US Central Command said Thursday its forces completed the latest major wave of strikes against Iran. Tehran reportedly said Friday it expanded its attacks in the Middle East by targeting US military forces in Syria and Bahrain.West Texas Intermediate crude oil rose 2.2% to $80.68 a barrel before the opening bell, while Brent gained 1.9% to $85.84.Treasury yields were trending downwards in premarket action, with the two-year rate retreating 3.4 basis points to 4.12% and the 10-year rate falling 4.4 basis points to 4.53%.Friday's economic calendar has the housing starts and permits data for June at 8:30 am ET, along with the import and export prices report for the same month. The industrial production report for June is out at 9:15 am, followed by the preliminary University of Michigan's consumer sentiment report for July at 10 am.The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.US retail sales edged higher in June despite lower gasoline prices that drove a sharp decline in gas station receipts, official data showed Thursday.Travelers (TRV), Truist Financial (TFC), Fifth Third Bancorp (FITB), Regions Financial (RF) and Autoliv (ALV) are scheduled to release their latest financial results before the bell.Gold ticked up 0.2% to $4,001 per troy ounce, while bitcoin declined 1.8% to $63,024.
Intuitive Surgical (ISRG) shares fell early Friday as growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results.Worldwide procedures rose 16% year over year in the June quarter, reflecting gains of 15% and 36% in da Vinci and Ion procedures, the robotic surgical systems firm said late Thursday.However, in the US, da Vinci procedures increased 12%, with growth moderating from "recent trends and our expectations at the start of the year, predominantly in procedures that can be deferred," Chief Executive David Rosa said during an earnings call, according to a FactSet transcript. In the first quarter, da Vinci procedures in the US were up 14% year over year."Based on customer feedback, we believe there was a modest adverse impact to (second-quarter) US da Vinci procedure growth from those patients impacted by the expiration of subsidies for ACA enhanced premiums," Chief Financial Officer Jamie Samath said on the call. "Looking at benign procedures, a subset of which can be deferred, we saw a slight moderation in procedure growth rate that started in (the first quarter)."Increasing patient usage of glucagon-like peptide-1, or GLP-1, weight-loss drugs also weighed on US da Vinci bariatric cases, which declined by a high single digit in the second quarter, according to Samath. The stock fell 11.9% in the most recent premarket activity."Importantly, the underlying disease burden is unchanged and deferred conditions typically progress and will ultimately require treatment," CEO Rosa told analysts. "As patients return to care, we expect da Vinci will remain a clear choice for their surgeons and care teams."For 2026, Intuitive said it expects to be closer to the midpoint of its previously issued worldwide da Vinci procedure growth range of 13.5% to 15.5%. The guidance takes into account the impact of changes to ACA premium subsidies and patient behavior in the US, among other factors, Dan Connally, head of investor relations, said on the call."No rebound is contemplated for (the second half) in deferred procedures within 2026 at the guidance midpoint," Truist Securities said in an emailed client note on Thursday. "Thus if that were to play out it could be a source of upside."The company posted adjusted earnings of $2.80 a share for the second quarter, up from $2.19 the year before, ahead of the FactSet-polled consensus of $2.51. Revenue climbed 19% to $2.89 billion, topping the Street's view of $2.83 billion.Revenue in the instruments and accessories segment advanced 18% to $1.73 billion, while systems revenue amounted to $685 million, up from $574.7 million a year ago. The firm placed 468 da Vinci surgical systems during the quarter, up from 395 last year. Services revenue increased to $472.4 million from $391.2 million.
Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $563.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $410.10, Change: $+3.32, Percent Change: +0.82%
Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $569.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
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