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SYK STRYKER

Mako is the robot — not an AI result

2Reach
3Weight
2Proof
7Total / 15

What they are doing

Diversified device company. We score the enabling thread, not the catalog. On the Q2 call, CEO Kevin Lobo tied US growth to Mako: Ortho +9.1%, knees +6.2%, hips +4.9%. Mako: 20 years, 2.5M+ procedures, 45 countries, commercial push on Mako RSP. Prophecy = patient-specific planning. 2.5M procedures is franchise proof, not AI proof. The rest of the call was cyber recovery, vascular backorder, bubucass. They did not narrate an AI stack. The 10-K adds Vocera-class virtual care and ops AI (hygiene).

Why the score

  • Reach 2 not 3: Mako is a project. Vocera / ops AI are talk.
  • Weight 3 not 4: the robot changes the joint sale. That is not an intelligence result.
  • Proof 2 not 3: 2.5 million procedures is hardware volume. Nothing we can point to on the algorithm.

What would move it next quarter: Outcome or attach on Mako / RSP / Prophecy, or Medical AI in the P&L.

Open these first

Evidence

SYK 10-K (2026-02-11)

riousMember us-gaap:TrademarksMember 2024-01-01 2024-12-31 0000310764 syk:InariMedicalInc.MergerMember us-gaap:OtherIntangibleAssetsMember 2025-01-01 2025-12-31 0000310764 syk:RecallMattersMember 2025-12-31 0000310764 syk:SpineReportingUnitMember 2025-01-01 2025-12-31 0000310764 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember syk:SpinalImplantsM urgical navigation systems; endoscopic and communications systems; patient handling, emergency medical equipment and intensive care dis

SYK 10-Q (2026-07-31)

cquisition of AVS for net cash consideration of $ 435 and up to $ 400 in future milestone payments that had a fair value of $ 271 at the acquisition date. AVS is developing a next-generation intravascular lithotripsy platform designed to treat complex peripheral arterial disease. AVS is part of our Peripheral Vascular business within MedSurg and Neurotechnology. A cqu ion (Instruments), endoscopic and communications systems (Endoscopy), patient handling, emergency medical equipment, intensive c

Q2 transcript

Lobo on Mako, knees/hips, RSP — not an AI-strategy call

IR / events

Slides and replay