Hot Stock Intuitive Surgical Warns Tariffs Will Hit Profits -- WSJ

Dow Jones02-03 23:43

By Jonathan Weil

Beer and avocados are among the more obvious products that would get hit by U.S. tariffs. Less conspicuous ones include high-tech medical products.

Intuitive Surgical, which makes robotic-surgical systems, was among the many companies that added new wording in their securities filings last week to caution about the potential effect of new tariffs.

"We currently manufacture a significant majority of our instruments and accessories in Mexicali, Mexico," said Intuitive in its annual report, filed Friday. "A 25% tariff on all imports from Mexico would increase the costs of our products manufactured in Mexico and adversely impact our gross profit."

The company's stock has been a huge long-term winner for investors, more than tripling over the last five years. Gross profit last year was $5.6 billion on $8.4 billion of revenue. Its product costs were $2.3 billion, which is the portion that would appear to be directly affected by new tariffs.

The stock was little changed Monday morning.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 03, 2025 10:43 ET (15:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Less conspicuous ones include high-tech medical products. \n</p>\n<p>\n     Intuitive Surgical, which makes robotic-surgical systems, was among the many companies that added new wording in their securities filings last week to caution about the potential effect of new tariffs. \n</p>\n<p>\n     \"We currently manufacture a significant majority of our instruments and accessories in Mexicali, Mexico,\" said Intuitive in its annual report, filed Friday. \"A 25% tariff on all imports from Mexico would increase the costs of our products manufactured in Mexico and adversely impact our gross profit.\" \n</p>\n<p>\n     The company's stock has been a huge long-term winner for investors, more than tripling over the last five years. Gross profit last year was $5.6 billion on $8.4 billion of revenue. Its product costs were $2.3 billion, which is the portion that would appear to be directly affected by new tariffs. \n</p>\n<p>\n     The stock was little changed Monday morning. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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Less conspicuous ones include high-tech medical products. \n\n\n     Intuitive Surgical, which makes robotic-surgical systems, was among the many companies that added new wording in their securities filings last week to caution about the potential effect of new tariffs. \n\n\n     \"We currently manufacture a significant majority of our instruments and accessories in Mexicali, Mexico,\" said Intuitive in its annual report, filed Friday. \"A 25% tariff on all imports from Mexico would increase the costs of our products manufactured in Mexico and adversely impact our gross profit.\" \n\n\n     The company's stock has been a huge long-term winner for investors, more than tripling over the last five years. Gross profit last year was $5.6 billion on $8.4 billion of revenue. 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