Intuitive Surgical Inc ($ISRG) Q1 2025 Earnings Call
ISRG - Earnings call Q1 2025.
Executive Chair, Intuitive Surgical
Search every verified Gary Guthart interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Intuitive Surgical’s Q1 2025 earnings call on April 1, 2025, Gary Guthart addressed the impact of trade policy changes on the company. He stated that the company’s first priority is to assure product supply to customers globally and that it does not plan “reflexive changes to our pricing in the dynamic near-term environment.” He added that a second priority will be to optimize production costs and rebalance product flows within the existing manufacturing and supply chain footprint as policies stabilize. Guthart attributed roughly half of a 170-basis-point impact in 2025 to U.S.-China trade in both directions and about 40% to imports into the U.S. from China, Mexico, and Canada. Guthart said the company is “perceived as part of the solution, not part of the problem” and that customers continue to adopt its systems because they see economic and outcome benefits. He described the total cost to treat per patient episode for a well-run program as “outstanding,” adding that hospitals achieve better outcomes, higher satisfaction, and the lowest total cost of care. He closed by reiterating the company’s belief in a “substantial and durable opportunity” to improve surgery and acute interventions, and its vision of care that is less invasive, with earlier disease identification and quicker treatment.
“Given the dynamic changes in trade policy, I'd like to describe our principles for navigating the current environment rather than detailing any particular scenario. Our first priority is to assure supply of our products to our customers globally. We have spent years becoming a trusted provider of great products and ser...”
“I think for a well-run program total cost to treat per patient episode is outstanding as good as any approach and often better than certainly better than open and often better than than lab. So I think if hospitals look out at this and say look we're going to provide care this issue of I'm just if one thing they could...”
“We are now increasing our forecast and expect full year 2025 procedure growth within a range of 15% to 17%. The low end of the range assumes growth in China is impacted by trade, environmental, and competitive dynamics. Governments in key O US markets continue to constrain hospital capex budgets which limits the expans...”
“Patients first, but we're not a healthcare provider, so we're going to make the MDs happy. MD success. Then the next thing was hospitals have to buy this. So what do hospitals need? They need a return on the investment they make. And then payers have to pay them. So what do they need? They need lowest total cost to tre...”
ISRG - Earnings call Q1 2025.
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