Key Takeaways ISRG gross margin dropped 210bps YoY to 67.9% due to da Vinci 5, Ion, and depreciation costs.Tariffs cut ISRG's Q2 margin by 60bps, with a projected full-year drag of 100bps on gross margin.ISRG management expects long-term margin recovery from scale, volume growth and service maturity.Intuitive Surgical (ISRG) reported a second-quarter 2025 gross margin of 67.9%, down from 70% in the prior-year period. While the company's top-line performance was solid, the margin compression highlights struc ...