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Intuitive Surgical

ISRG

Intuitive Surgical is a global leader in robotic-assisted, minimally invasive care technology.

Market cap
$147.01B-24.7%
Revenue$10.6B+21.4%
Net income$3.0B+20.3%
Free cash flow$2.8B+62.4%
EPS (diluted)$8.24+20.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 16, 2026 (In 6 days)
Revenue estimate$2.8B
EPS estimate$2.48

Financials

Q1 2026

Income statement

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Revenue$2.8B+23.0%
Gross profit$1.8B+25.6%
Operating income$855.3M+48.0%
Net income$821.5M+17.6%
EPS (diluted)$2.28+18.7%

Balance sheet

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Cash & equivalents$2.1B-21.6%
Total equity$17.5B+2.2%
Total assets$20.1B+4.6%

Cash flow

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Operating cash flow$911.9M+56.8%
CapEx$103.3M-11.4%
Free cash flow$808.6M+73.9%

Valuation & ratios

Valuation

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Market cap$151.33B-24.7%
P/E50.8×-26.2×
P/S14.3×-7.7×

Profitability

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Gross margin66.3%-0.8pp
Operating margin30.5%+2.3pp
Net margin28.2%-0.3pp
FCF margin26.8%+6.8pp

Returns & leverage

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Return on equity17.2%+1.3pp
Current ratio4.6×-0.4×

Segments

By product

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Instruments and accessories$1.7B+23.3%
Systems$650.7M+24.5%
Service$433.7M+19.5%

Competitors

Profile

Intuitive Surgical is a global leader in robotic-assisted, minimally invasive care technology. The company develops, manufactures, and markets advanced robotic systems, instruments, and digital tools that enable physicians to perform complex procedures with greater precision and less invasiveness. Its core value proposition is centered on the 'Quintuple Aim': improving patient outcomes, enhancing the patient and care team experience, lowering the total cost of care, and expanding access to high-quality treatment.

Competitive position

The company is the dominant pioneer in the robotic-assisted surgery market with a massive installed base and a comprehensive ecosystem of instruments and digital services.

GeographiesUnited States, Europe, China, Japan, South Korea, India, Canada
Customer segmentsHospitals, Surgical specialists, Diagnostic clinics
Business modelRazor-and-blade, Capital equipment sales, Subscription services, Maintenance contracts
SuppliersCustom component manufacturers, Sole-source electronic component suppliers, Radiologists (for 3D modeling services), Software and algorithm developers
CustomersGeneral surgeons, Urologists, Gynecologists, Thoracic surgeons, Pulmonologists, Hospital procurement departments
Listed2000
Employees13.7K
CEODavid J. Rosa
FilingsSEC EDGAR

Questions, answered.

What is Intuitive Surgical's market cap?
Intuitive Surgical (ISRG) has a market capitalization of $147.01B and trades on NASDAQ.
What is Intuitive Surgical's revenue and profitability?
Intuitive Surgical generated $10.6B in trailing twelve-month revenue with net income of $3.0B, representing a net margin of 28.2%. Gross margin stands at 66.3%, with free cash flow of $2.8B. These figures are based on the Q1 2026 filing.
Who are Intuitive Surgical's competitors?
Intuitive Surgical's key competitors include Stryker Corporation, Medtronic plc, Johnson & Johnson, and others. These companies compete in similar markets and product categories.
Who does Intuitive Surgical partner with?
Intuitive Surgical's notable partners include Baxter International Inc., Fosun Pharma.
What subsidiaries does Intuitive Surgical have?
Intuitive Surgical's subsidiaries include Intuitive Surgical-Fosun Medical Technology (Shanghai) Co., Ltd..
Where is Intuitive Surgical headquartered?
Intuitive Surgical is headquartered in United States of America and employs approximately 13,676 people. It has been publicly traded since 2000.