CLAIM #33264 · Intuitive Surgical Inc (ISRG) · 2024Q4 earnings call · Jan 23, 2025 · due Dec 31, 2025
“We can say that the significant portion of our instruments are currently manufactured in Mexico. And so to the extent there are significant tariffs implemented there that could have a material impact for us.”
Jamie Samath · CFO
In context
“support the procedure growth. We also have said that there'll be higher legal expenses in SG&A given ongoing litigation and a portion of the CapEx results and depreciation that goes into our SG&A expenses. And so they'll grow roughly-ish about the same rate. In terms of the range of 10% to 15%, most of that is driven by the procedure range, meaning, obviously, to some extent, we'll manage our expenses in accordance with how our business plays out. There are some opportunities for us to invest incrementally in R&D, but we'll do that as we make progress and achieve milestones. In terms of tariffs, obviously, we see a lot in the news where we're monitoring those events closely. We are internally evaluating what the impact of any potential tariff might be and therefore, how we might respond. We can say that the significant portion of our instruments are currently manufactured in Mexico. And so to the extent there are significant tariffs implemented there that could have a material impact for us. And of course, one response then that any company might consider is what would you do with pricing. Nothing that we've decided there. And obviously, we're balancing the needs of our customers and their objectives with the needs of our own business. So stay tuned is what I'd say. Travis Steed: Great. Thank you. Operator: Thank you. Our next question comes from Rick Wise with Stifel. You may proceed. Rick Wise: Thanks. Good afternoon. Gary, in your very thoughtful comments during the JPMorgan conference, I think you talked about new digital features that you should make today again said hardware and software digital features coming. I was hoping and I’m sure you're not ready to give us truly specifics on all these. But maybe help us understand what areas this -- in what way this might enhan”
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SEC filings for ISRG ↗ · Claim quote is verbatim from the 2024Q4 earnings call.