Intuitive Surgical (ISRG): Procedure Growth Supports Sales as Settlement Weighs on GAAP Earnings
Why it is trending
Intuitive Surgical delivered double-digit revenue growth as procedure volumes and surgical-system placements expanded. A $450 million pretax antitrust settlement charge reduced GAAP earnings, while adjusted earnings rose. Management forecasts worldwide da Vinci procedure growth near the midpoint of its 14%–15% full-year range. The settlement remains subject to court approval.
Sector
Health Care. Intuitive develops robotic-assisted surgical systems, instruments and services for minimally invasive care.
Company information
Metric | Company profile |
Sector | Health Care |
Industry | Medical Instruments & Supplies |
Market capitalization | $154.74 billion |
YTD price return | −22.66% |
Dividend yield | 0.00%; no regular cash dividend |
Forward P/E (FY1) | Unavailable: current next-fiscal-year basis not verified |
Price-dependent figures use the October 20, 2026 regular-session close of $438.00. YTD price return excludes reinvested dividends.
Recent earnings
Metric | Q3 2026 results / FY2026 outlook |
Revenue | $3.05 billion; +22% YoY |
GAAP diluted EPS | $1.49 vs. $1.95 a year earlier |
Adjusted diluted EPS (non-GAAP) | $3.00 vs. $2.40 a year earlier |
Procedure growth | da Vinci +14%; Ion +31% YoY |
da Vinci system placements | 546 vs. 427 a year earlier |
Settlement charge | $450 million pretax; $0.99 per diluted share after tax |
FY2026 procedure outlook (forecast) | da Vinci growth 14%–15%, near midpoint |
FY2026 gross margin (forecast, non-GAAP) | 68.7%–69.3% |
Earnings trend | Mixed: GAAP diluted EPS YoY growth +18.8%, +26.5%, −23.6% in Q1, Q2 and Q3 2026 |
Sales trend | Mixed: reported revenue YoY growth +23%, +19%, +22% in Q1, Q2 and Q3 2026 |
The latest quarter ended September 30, 2026. Historical growth trends are not forecasts. The settlement charge materially affected GAAP EPS.
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Wednesday October 21, 2026