Should Intuitive Surgical's Shareholders Worry About the Delta Variant?
Here are two scary facts about the delta variant of the virus that causes COVID-19. First, it is more than twice as contagious as previous variants. Second, it is now responsible for the vast majority of new COVID-19 cases -- of which there are still thousands every week. These facts paint a clear picture. Despite the progress we've made, the pandemic isn't over.
That's concerning for the public. We'd all love to get back to pre-COVID normalcy. It's also concerning for those companies whose businesses suffered at the peak of the outbreak. One of these companies is medical devices giant Intuitive Surgical (NASDAQ: ISRG). Let's see how the spread of the delta variant could present obstacles ahead.
Intuitive Surgical generates more than half of its revenue from selling instruments and accessories that go along with its da Vinci robotic surgical system. In the second quarter ended June 30, the company's revenue from this segment totaled $796.4 million -- or 54.4% of its top line. There is one critical number that determines instruments and accessories revenue for the company: the volume of elective surgeries physicians perform with its crown jewel.
Source Fool.com
