BUZZ-Intuitive Surgical falls after lower-than-expected 2026 procedure forecast

Reuters01-15
BUZZ-Intuitive Surgical falls after lower-than-expected 2026 procedure forecast

** Shares of medical device maker Intuitive Surgical ISRG.O fall 5.7% to $529.85

** ISRG expects global da Vinci procedures to increase 13% to 15% in 2026 from a year earlier

** JPMorgan says outlook is "a modest step below the +13% to 16% we had previewed"

** Truist says "expectation was for at least a 1% procedure beat, so in-line is a bit shy of that expectation"

** ISRG forecasts Q4 revenue of about $2.87 billion vs. analysts' estimates of $2.72 billion, according to LSEG data

** Co expects 2025 revenue to be about $10.06 billion vs. estimates of $9.92 billion

** As of last close, ISRG up 4.3% in the past 12 months

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment