Intuitive Surgical: Detached From Fundamentals
ISRGIntuitive(ISRG) Seeking Alpha·2024-08-27 01:15
Paper Boat Creative Intuitive Surgical’s (NASDAQ:ISRG) second quarter results were strong across the board, with a particularly impressive improvement in margins. This is notable given that the introduction of the da Vinci 5 was expected to be a drag on profitability. Gross margins are still expected to come under pressure over the next 12 months though, due to higher depreciation expenses and a greater mix of da Vinci 5 sales. Surgery volumes remain strong and early signs from the da Vinci 5 launch hav ...