Competition ConcernsSentiment on ISRG shares shifted negative heading into the 3Q:25 print on potential for competition from Restore Robotics, shifting US capital spend outlook, and some degree of US saturation.
Technology LimitationsHeavy lift required on Force Feedback. Like many experienced surgeons we’ve met, our KOL has grown very accustomed to using visual cues to estimate the amount of force applied to tissue. She finds Force Feedback is too restrictive / disruptive.
Trade ConcernsTariffs, capital environment, and competition remain key concerns that could influence capital and EPS outlooks as the US/China trade dispute continues.