Intuitive Surgical drops amid tariff concerns
Intuitive Surgical (NASDAQ:ISRG) was a notable decliner in the S&P 500 on Wednesday, falling ~7% in the afternoon trading as the maker of the da Vinci robotic surgical system flagged tariff-related concerns during an investor event.
At the Wells Fargo Healthcare Conference on Wednesday, CEO David Rosa and CFO Jamie Samath outlined the company’s strategic priorities for the next 5-10 years, and highlighted the impact of the Trump administration’s tariffs.
While the Sunnyvale, California-based MedTech said that its financial goals remain intact, it added that tariff headwinds for next year could exceed its Q2 projection for 2025, which stood at a 100 bps impact on revenue.
“So the 100 basis point guidance for the year is just as it continues to climb over the rest of the year as a function of how tariffs roll through inventory into COGS,” CFO Samath noted, adding that the company will wait until the situation stabilizes to come up with any mitigation strategies.
