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Intuitive Surgical shares drop 11% despite Q2 earnings beat due to slower US procedure growth.

Company Fundamentals
17 Jul 2026
Proactive Investors
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Bearish
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Intuitive Surgical reported Q2 revenue of $2.89 billion and adjusted earnings of $2.80 per share, beating analyst estimates. However, shares fell 11% as US procedure growth slowed to 12% from 14% in Q1, attributed to deferred treatments and changes in insurance coverage. The company maintained its 2026 global procedure growth forecast at 13.5%-15.5%, expecting results near the midpoint, slightly below analyst expectations. Intuitive also reaffirmed its profit margin and expense outlook, with strong growth in system placements and cash reserves.

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