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Intuitive Surgical beats Q2 earnings but shares fall 12% on weaker growth outlook

Company Fundamentals
17 Jul 2026
Alex Lavoie
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Bearish
pluang ai news

Intuitive Surgical reported strong Q2 earnings with adjusted EPS of $2.80, surpassing analyst expectations due to high demand for its da Vinci robotic surgical systems. Despite the positive results, the stock dropped 12% in premarket trading after the company issued a full-year procedure growth forecast below investor expectations. Analyst Raymond James kept an "Outperform" rating but lowered the price target from $577 to $483, reflecting tempered future growth predictions. The stock currently trades around $402, down from a 52-week high of $603.88, highlighting market concerns over slower growth despite solid earnings.

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