Q3 2025 Intuitive Surgical Inc Earnings Call Transcript
Key Points
- Intuitive Surgical Inc (ISRG) reported a strong quarter with a 23% increase in revenue, reaching $2.5 billion.
- The company saw a 20% growth in total worldwide procedures, driven by a 19% increase in da Vinci procedures and a 52% increase in Ion procedures.
- The launch of da Vinci 5 has been successful, with 240 systems placed, contributing to increased demand for system upgrades and dual consoles.
- International expansion is progressing, with the first systems placed in Japan and Europe, and positive feedback from these markets.
- Intuitive Surgical Inc (ISRG) achieved a 30% growth in earnings, reflecting strong financial performance and operating discipline.
- Bariatric procedures in the US continue to decline, impacting overall procedure growth.
- The company faces challenges in China due to a constrained and competitive marketplace, affecting capital placements.
- There is downward pressure on gross margins due to tariffs, higher facility costs, and a greater mix of lower-margin da Vinci 5 and Ion revenue.
- Net placements have been down recently year-over-year, primarily due to tough comparisons from the previous year.
- The company is navigating price pressure on the capital side and on instruments and accessories in certain international markets.
Thank you for standing by and welcome to the Intuitive third-quarter 2025 earnings release. (Operator Instructions) As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Dan Connally, Head of Investor Relations at Intuitive. Please go ahead, sir.
Good afternoon, and welcome to Intuitive's third-quarter earnings conference call. Joining me today are Dave Rosa, our CEO; and Jamie Samath, our CFO. Before we begin, I would like to remind you that comments on today's call may contain forward-looking statements. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are described in our Securities and Exchange Commission filings, including our most recent 10-K filed on January 31, 2025, and Form 10-Q filed on July 23, 2025.
Our SEC filings can be found through our website at intuitive.com or at the SEC's website. Investors are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
