Intuitive Surgical sees FY25 procedure growth 15.5%-17%

Sees FY25 gross profit margin 66%-67% of revenue. This range includes an estimated impact from tariffs of 1% of revenue, plus or minus 20 basis points. Sees FY25 operating expense growth 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.”