BUZZ-Intuitive Surgical falls as Obamacare uncertainties cloud forecast
ISRG•Shares fall after premarket forecast concerns
Shares of Intuitive Surgical ISRG.O plummet 10.85% to $358.68 premarket.
The company said changes in coverage and premium dynamics may be impacting when patients seek care and move forward with treatment.
Procedure growth outlook and related headwinds
Intuitive Surgical maintained its forecast for worldwide procedure growth for its da Vinci surgical robots in 2026 at about 13.5% to 15.5%, but expects it to be closer to the midpoint of this range.
Baird analyst David Rescott said the exact extent of the impact is unclear, as is the duration of future impacts, though management's reiterated FY26 procedure growth outlook contemplates a range of sedated growth outcomes.
The company said there was a modest adverse impact to second-quarter U.S. da Vinci procedure growth from those patients impacted by the expiration of subsidies for enhanced premiums for Obamacare or Affordable Care Act plans.
It also said U.S. da Vinci bariatric cases continued to feel the impact of rising GLP-1 usage, declining high single digits during the quarter.
Up to the last close, the stock was down 29% year to date.
