By Kelly Cloonan
Intuitive Surgical logged higher profit and revenue in its second quarter on spreading use and installation of its robotic surgery system.
The medical-technology company on Tuesday posted a profit of $658.4 million, or $1.81 a share, compared with $526.9 million, or $1.46 a share, a year earlier.
Adjusted earnings per share were $2.19, ahead of estimates of $1.93 a share according to analysts polled by FactSet.
Revenue rose 21% to $2.44 billion and topped the $2.35 billion expected by analysts.
The Sunnyvale, Calif. company said installed bases and procedure volume of its da Vinci surgical system continued to grow, up 14% and 17%, respectively, from the year-ago period. The system is used for procedures such as prostatectomies, cardiac-valve repair and renal and gynecologic procedures.
Intuitive now expects worldwide da Vinci procedures to increase by about 15.5% to 17% in 2025, slightly raising the lower end of its previous outlook for growth of 15% to 17%.
The company also narrowed its outlook for adjusted gross profit margin for the year, guiding for a range of 66% to 67% of revenue compared to its previous guidance of 65% to 66.5%. The range includes an estimated 1% impact from tariffs currently in place, the company said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 22, 2025 16:58 ET (20:58 GMT)
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