BUZZ-Intuitive Surgical falls as Obamacare uncertainties cloud forecast

Intuitive Surgical, Inc.

ISRG

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** Shares of Intuitive Surgical ISRG.O plummet 10.85% to $358.68 premarket

** Co says changes in coverage and premium dynamics may be impacting when patients seek care and move forward with treatment

** Maintains 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

** 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, says Baird analyst David Rescott

** Modest adverse impact to Q2 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 - ISRG

** U.S. da Vinci bariatric cases continued to feel the impact of rising GLP-1 usage declining high single digits during the quarter, co adds

** Up to last close, stock down 29% YTD

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