Medical technology company Intuitive Surgical (NASDAQ: ISRG) will be announcing earnings results this Tuesday after market hours. Here’s what to look for.

Intuitive Surgical beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $2.25 billion, up 19.2% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ sales volume estimates.

Is Intuitive Surgical a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Intuitive Surgical’s revenue to grow 17.1% year on year to $2.35 billion, improving from the 14.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.92 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Intuitive Surgical has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.

Looking at Intuitive Surgical’s peers in the healthcare equipment and supplies segment, only Abbott Laboratories has reported results so far. It beat analysts’ revenue estimates by 0.9%, delivering year-on-year sales growth of 7.4%. The stock was down 6.1% on the results.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the healthcare equipment and supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Intuitive Surgical’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $581.45 (compared to the current share price of $519).

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