Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Intuitive Surgical's third-quarter 2025 results reflect significant operational successes as well as challenges to consider.</li><li>Intuitive Surgical, a leader in robotic-assisted surgical platforms, demonstrated notable growth, driven by the adoption of its new da Vinci 5 system and ongoing expansion in international markets.</li><li>However, the company also faces certain pressures, including economic conditions in some regions and competitive dynamics.</li></ul>

Intuitive Surgical's third-quarter 2025 results reflect significant operational successes as well as challenges to consider.Intuitive Surgical, a leader in robotic-assisted surgical platforms, demonstrated notable growth, driven by the adoption of its new da Vinci 5 system and ongoing expansion in international markets.However, the company also faces certain pressures, including economic conditions in some regions and competitive dynamics.

Intuitive Surgical’s da Vinci Upgrade—How Far Can Procedure Growth Go in 2025?

<ul><li>Intuitive Surgical's recent quarterly results highlight a strong performance, marked by a 21% increase in revenues and a pro forma earnings per share rise of 23%.</li><li>The company saw robust growth in procedure volumes, with da Vinci procedures increasing by 17%, attributed to strong performance in benign general surgery in the U.S. and a notable rise in international procedures outside urology.</li><li>The introduction of their latest robotic platform, the da Vinci 5, is beginning to show positive traction with broad launches underway in the U.S., and initial adoption in Europe and Japan following regulatory clearances.</li></ul>

Intuitive Surgical's recent quarterly results highlight a strong performance, marked by a 21% increase in revenues and a pro forma earnings per share rise of 23%.The company saw robust growth in procedure volumes, with da Vinci procedures increasing by 17%, attributed to strong performance in benign general surgery in the U.S. and a notable rise in international procedures outside urology.The introduction of their latest robotic platform, the da Vinci 5, is beginning to show positive traction with broad launches underway in the U.S., and initial adoption in Europe and Japan following regulatory clearances.

Intuitive Surgical: What Are Its Latest Advancements in Robotic-Assisted Surgery Technology & Key Growth Levers?

<ul><li>Intuitive Surgical Inc.'s recent earnings reveal a mixed performance with both strengths and challenges.</li><li>Positively, the company reported strong operational outcomes in the first quarter of 2025.</li><li>Da Vinci procedures saw a substantial 17% growth, driven predominantly by robust performances in general surgery across the US and certain international markets, such as India and Korea.</li></ul>

Intuitive Surgical Inc.'s recent earnings reveal a mixed performance with both strengths and challenges.Positively, the company reported strong operational outcomes in the first quarter of 2025.Da Vinci procedures saw a substantial 17% growth, driven predominantly by robust performances in general surgery across the US and certain international markets, such as India and Korea.

Intuitive Surgical: Procedure Growth & Market Expansion to Strengthen Its Market Position!

Global Healthcare Analyst

Tina Banerjee

<ul>
<li>
<a href="https://www.smartkarma.com/entities/intuitive-surgical-inc" target="_blank" data-smartkarma-citation="entities:15853:1" rel="noopener">Intuitive Surgical (ISRG US)</a> revenue grew 19% YoY to $2.3B in 1Q25.  Procedures volume grew ~17% YoY, which boosted instruments and accessories revenue.</li>
<li>The company placed 367 da Vinci surgical systems, compared with 313 in 1Q24. It included 147 da Vinci 5 systems, compared with 8 in the same period last year.</li>
<li>Intuitive has raised the procedure growth guidance range from 13–15% to 15–17%, while trimming down gross margin to the range 65–66.5% from 67–68%, due to tariffs.</li>
</ul>



Intuitive Surgical (ISRG US) revenue grew 19% YoY to $2.3B in 1Q25.  Procedures volume grew ~17% YoY, which boosted instruments and accessories revenue.
The company placed 367 da Vinci surgical systems, compared with 313 in 1Q24. It included 147 da Vinci 5 systems, compared with 8 in the same period last year.
Intuitive has raised the procedure growth guidance range from 13–15% to 15–17%, while trimming down gross margin to the range 65–66.5% from 67–68%, due to tariffs.


Intuitive Surgical (ISRG US): Strong 1Q Result; Tariffs to Impact Margin

<ul><li>Intuitive Surgical Inc. delivered strong financial and operational performance in 2024, signaling significant advancements in their robotic-assisted surgery systems.</li><li>During the fourth quarter earnings discussion, leadership outlined the various factors contributing to the strong annual growth, as well as some of the strategic goals they aim to achieve in 2025.</li><li>One major positive highlighted was the successful early adoption of the fifth-generation da Vinci platform, alongside continued utilization of the Ion and da Vinci SP systems.</li></ul>

Intuitive Surgical Inc. delivered strong financial and operational performance in 2024, signaling significant advancements in their robotic-assisted surgery systems.During the fourth quarter earnings discussion, leadership outlined the various factors contributing to the strong annual growth, as well as some of the strategic goals they aim to achieve in 2025.One major positive highlighted was the successful early adoption of the fifth-generation da Vinci platform, alongside continued utilization of the Ion and da Vinci SP systems.

Intuitive Surgical’s Biggest Moat Is NOT What You Think – Here’s Why It’s a Game-Changer!

United States

Intuitive Surgical, Inc. design, manufactures, and markets surgical systems. The Company offers endoscopes, endoscopic retractors and disectors, scissors, scalpels, forceps, needle holders, electrocautery, ultrasonic cutters, and accessories during surgical procedures. Intuitive Surgical operates worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Intuitive Surgical (ISRG US)

Intuitive Surgical’s da Vinci Upgrade—How Far Can Procedure Growth Go in 2025?

Intuitive Surgical's third-quarter 2025 results reflect significant operational successes as well as challenges to consider. Intuitive Surgical, a...

Baptista Research

Intuitive Surgical: What Are Its Latest Advancements in Robotic-Assisted Surgery Technology & Key Growth Levers?

Intuitive Surgical's recent quarterly results highlight a strong performance, marked by a 21% increase in revenues and a pro forma earnings per...

Baptista Research

Intuitive Surgical: Procedure Growth & Market Expansion to Strengthen Its Market Position!

Intuitive Surgical Inc.'s recent earnings reveal a mixed performance with both strengths and challenges. Positively, the company reported strong...

Baptista Research