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Intuitive Surgical shares drop 38% amid U.S. procedure slowdowns and valuation concerns

Company Fundamentals
20 Jul 2026
Seeking Alpha
View Source
Bullish
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Intuitive Surgical's stock has fallen about 38% due to concerns over valuation and slowing U.S. procedure growth, despite strong Q2 2026 earnings and raised guidance. The decline is linked to expiring ACA subsidies affecting elective surgeries and reduced demand for bariatric procedures due to weight loss drugs. The stock's current valuation appears to overstate these challenges, presenting a potential buying opportunity for investors. Market reaction highlights the tension between short-term headwinds and the company's underlying financial strength.

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