Leerink Partners raised their price target for Intuitive Surgical (ISRG) to $593, maintaining a Buy rating. The company reported strong Q2 2025 results, with revenue and EPS exceeding expectations. Robust growth in all segments and increased da Vinci system placements in the US drove the results. The firm also raised its full-year guidance for procedure growth and gross margin.
Leerink Partners has raised its price target for Intuitive Surgical (ISRG) to $593, maintaining a Buy rating following the company's robust Q2 2025 results. The report highlights strong revenue and EPS growth, driven by robust demand for Intuitive's da Vinci robotic surgical systems.
Intuitive Surgical reported revenue of $2.44 billion for the quarter, up 21% year-over-year, with a 17% increase in procedure volumes and record placements of 395 da Vinci systems globally. The da Vinci 5 systems, which received EU certification for adult and pediatric procedures, were particularly notable, with 180 systems placed, up from 70 a year earlier. The total installed base expanded to 10,488 systems, a 14% increase [2].
The company also updated its 2025 gross margin outlook to 66%, adjusting for tariff effects, and reaffirmed expectations for 15–17% global procedure growth this year, reflecting strong demand as hospitals address surgical backlogs and broaden access to robotic procedures [2].
Leerink Partners' analysts noted that the company's growth is driven by its leadership in robotic-assisted, minimally invasive surgery, and the increasing adoption of its da Vinci systems. The firm also raised its full-year guidance for procedure growth and gross margin, reflecting the company's continued innovation and market leadership.
Intuitive Surgical's strong performance in Q2 2025 underscores its position as a global technology leader in robotic-assisted, minimally invasive surgery. The company's focus on innovation, such as the da Vinci 5 systems, and its ability to adapt to changing market conditions have positioned it well for future growth.
References:
[1] https://isrg.intuitive.com/
[2] https://finance.yahoo.com/news/intuitive-surgical-inc-isrg-installs-151004972.html
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