Surgical robotics firm Procept Biorobotics Q3 revenue beats expectations on higher US system sales

PROCEPT BioRobotics

04/11/2025 21:38

Overview

Procept Biorobotics Q3 revenue grows 43% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats consensus, showing improved operational performance

Company maintains fiscal yr 2025 revenue guidance, issues optimistic 2026 forecast

Outlook

Company maintains 2025 revenue guidance at $325.5 mln, up 45% from 2024

Company projects 2026 revenue between $410 mln and $430 mln, up 26%-32% from 2025

Company expects $2 mln gross margin headwind in Q4 2025 due to tariffs

Result Drivers

SYSTEM SALES - Increased U.S. system sales to new hospital customers drove revenue growth

CONSUMABLES REVENUE - U.S. handpiece and consumables revenue rose 50% yr/yr, contributing significantly to total revenue

GROSS MARGIN IMPROVEMENT - Improved operational efficiencies led to gross margin expansion to 65%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$83.32 mln
$80.94 mln (12 Analysts)
Q3 Net Income
-$21.41 mln
Q3 Adjusted EBITDA
Beat
-$7.39 mln
-$10.19 mln (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for Procept Biorobotics Corp is $62.00, about 44.3% above its November 3 closing price of $34.51

Press Release: ID:nGNX2fKkfp

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)