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Intuitive Surgical posts Q4 beat, shares down on lowering profit margin guide

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January 23, 2025
in Economy
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Intuitive Surgical posts Q4 beat, shares down on lowering profit margin guide

Investing.com — Medical device maker Intuitive Surgical Inc (NASDAQ:ISRG) reported fourth-quarter earnings and revenue that beat Wall Street expectations, driven by strong demand for its surgical robots. However, shares fell more than 2.5% in aftermarket trading after the company lowered its 2025 gross profit margin guidance.

The company expects its non-GAAP gross profit margin to range between 67% and 68% in 2025, down from 69.1% in 2024. The forecast excludes potential impacts from new tariffs, which it warned “could be material.”

The company posted quarterly adjusted earnings per share of $2.21, well above analysts’ estimate of $1.75. Revenue for the reported quarter also rose to $2.41 billion, ahead of Street expectations of $2.2 billion.

Intuitive Surgical expects worldwide Da Vinci (EPA:SGEF) procedures to increase by 13% to 16% in 2025 compared to 2024.

Non-GAAP operating expenses are projected to grow by 10% to 15% in 2025, compared to a 10% increase last year.

This post appeared first on investing.com
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