Product — Total Cost of Revenue
Intuitive Surgical Product — Total Cost of Revenue decreased by 3.7% to $780.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.3%, from $670.70M to $780.00M. Over 4 years (FY 2021 to FY 2025), Product — Total Cost of Revenue shows an upward trend with a 18.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to revenue suggests improved manufacturing efficiency or economies of scale, while an increase may signal rising material costs or supply chain inefficiencies.
Detailed definition
This metric captures the direct costs incurred to manufacture, assemble, and deliver the robotic surgical systems and th...
Peer comparison
Comparable to cost of goods sold (COGS) for hardware-centric medical device manufacturers, typically evaluated as a percentage of segment revenue to determine gross margin trends.
isrg_segment_product_total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $374.00M | $355.80M | $415.00M | $397.30M | $421.00M | $421.60M | $460.40M | $493.00M | $498.00M | $489.50M | $561.30M | $554.40M | $539.40M | $555.40M | $663.90M | $670.70M | $686.20M | $699.40M | $809.80M | $780.00M |
| QoQ Change | — | -4.9% | +16.6% | -4.3% | +6.0% | +0.1% | +9.2% | +7.1% | +1.0% | -1.7% | +14.7% | -1.2% | -2.7% | +3.0% | +19.5% | +1.0% | +2.3% | +1.9% | +15.8% | -3.7% |
| YoY Change | — | — | — | — | +12.6% | +18.5% | +10.9% | +24.1% | +18.3% | +16.1% | +21.9% | +12.5% | +8.3% | +13.5% | +18.3% | +21.0% | +27.2% | +25.9% | +22.0% | +16.3% |
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Frequently Asked Questions
- What is Intuitive Surgical's product — total cost of revenue?
- Intuitive Surgical (ISRG) reported product — total cost of revenue of $780.00M in Q1 2026.
- How has Intuitive Surgical's product — total cost of revenue changed year-over-year?
- Intuitive Surgical's product — total cost of revenue increased by 16.3% year-over-year, from $670.70M to $780.00M.
- What is the long-term trend for Intuitive Surgical's product — total cost of revenue?
- Over 4 years (2021 to 2025), Intuitive Surgical's product — total cost of revenue has grown at a 18.3% compound annual growth rate (CAGR), from $1.46B to $2.87B.
- What does product — total cost of revenue mean?
- The total direct expenses required to produce and deliver the company's surgical systems and accessories.