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Intuitive Surgical posts 23% revenue growth and raises guidance despite regional challenges.

Company Fundamentals
22 Apr 2026
Seeking Alpha
View Source
Bullish
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Intuitive Surgical reported strong first-quarter results with 23% revenue growth, expanded margins, and earnings per share surpassing estimates by $0.39. The company raised its procedure growth forecast to 13.5%-15.5% and gross margin guidance to 67.5%-68.5%, despite facing cost inflation and softness in key markets like China and Japan. While risks remain from healthcare capital expenditure sensitivity and regional headwinds, Intuitive Surgical's market leadership and recurring revenue model support a positive outlook. The analyst maintains a 'Buy' rating with a $584.50 price target, expecting continued margin and free cash flow growth.

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