Sees FY25 tax rate 22%-23%. Says saw particular strength in the U.S. Says rollout of da Vinci five has went according to expectations. Says remains in the regulatory process in Japan and expects feedback from Europe in 2025. Says expects impact to additional cost of sales 1.7% of revenue +/- 30 basis points. Says impact of tariffs to increase each quarter for remainder of the year. Sees FY25 gross margin 65%-66.5% of revenue. Says considering implementation of range of mitigating actions. Says do not expect any such measures to have significant impact in 2025. Comments and guidance taken from Q1 earnings conference call.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ISRG:
- ISRG Earnings: Intuitive Surgical’s Financial Results Top Wall Street Estimates
- Intuitive Surgical sees FY25 Worldwide da Vinci procedure growth 15%-17%
- Intuitive Surgical reports Q1 EPS $1.81, consensus $1.73
- Notable companies reporting after market close
- Intuitive Surgical options imply 6.9% move in share price post-earnings