Can ISRG's Strong Q2 Procedure Volume Translate Into Durable EPS Upside?

Key Takeaways ISRG procedures rose 17% in Q2, led by general surgery and a rebound in China.Gross margin fell 200bps to 67.9% due to FX, logistics, and da Vinci 5 ramp-up effects.ISRG held FY25 margin guidance as digital tools, automation, and I&A growth offset headwinds.Intuitive Surgical (ISRG) delivered a solid second-quarter 2025 performance, with procedure volumes up 17% year over year, maintaining double-digit growth across key U.S. and international markets. The performance was led by continued stren ...