Strong Financial Performance: Intuitive reported a 21% year-over-year revenue growth for Q2 2025, totaling $2.44 billion. This growth was driven by a 17% increase in da Vinci procedures and strong capital placements, with the company placing 395 da Vinci systems, including 180 of the new da Vinci 5 systems.

Increased Procedure Growth Expectations: The company updated its forecast for da Vinci procedure growth in 2025 to a range of 15.5% to 17%, reflecting positive performance in India, Korea, and distributor markets, although challenges persist in key international markets like China and Japan due to government budget constraints.

Margin Dynamics: Pro forma gross margins are anticipated to range between 66% and 67% for 2025, slightly lower than previous estimates due to higher depreciation costs from new facilities and ongoing tariff impacts. However, the company managed to achieve a pro forma operating margin of 39% in Q2, benefiting from a higher mix of purchased systems and leveraged fixed costs.