Intuitive Surgical raises FY25 procedure growth view to 17%-17.5% from 15.5%-17%

Raises FY25 gross profit margin view to 67%-67.5% of revenue from 66%-67% of revenue. Narrows FY25 operating expense growth view to 11%-13% from 10%-14%. The company said, “The updated range for expected non-GAAP* gross profit margin reflects the Company’s estimates of the adverse impact from tariffs that are currently in effect as of the time of this press release and assumes such tariffs remain in place. Should additional tariffs be implemented or existing tariffs be modified, the additional impact on the Company’s financial results in 2025, including the change in expected non-GAAP* gross profit margin, could be material. The ultimate effect of tariffs will depend on various factors, including the proportion of components procured and finished goods manufactured outside of the United States and the amount, scope, nature, and timing of the tariffs.”