Investing
CapEx
Intuitive Surgical CapEx decreased by 36.4% to $103.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.4%, from $116.60M to $103.30M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 11.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
20 periods
| 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 | $75.70M | $68.30M | $150.90M | $95.10M | $130.50M | $169.10M | $137.70M | $194.10M | $178.30M | $256.30M | $435.50M | $241.90M | $309.40M | $247.90M | $312.00M | $116.60M | $155.30M | $105.40M | $162.50M | $103.30M |
| QoQ Change | — | -9.8% | +120.9% | -37.0% | +37.2% | +29.6% | -18.6% | +41.0% | -8.1% | +43.7% | +69.9% | -44.5% | +27.9% | -19.9% | +25.9% | -62.6% | +33.2% | -32.1% | +54.2% | -36.4% |
| YoY Change | — | — | — | — | +72.4% | +147.6% | -8.7% | +104.1% | +36.6% | +51.6% | +216.3% | +24.6% | +73.5% | -3.3% | -28.4% | -51.8% | -49.8% | -57.5% | -47.9% | -11.4% |
Range$68.30M – $435.50M
CAGR+6.8%
Avg YoY Growth+29.2%
Median YoY Growth+10.7%
CapEx at Other Companies
Frequently Asked Questions
- What is Intuitive Surgical's capex?
- Intuitive Surgical (ISRG) reported capex of $103.30M in Q1 2026.
- How has Intuitive Surgical's capex changed year-over-year?
- Intuitive Surgical's capex decreased by 11.4% year-over-year, from $116.60M to $103.30M.
- What is the long-term trend for Intuitive Surgical's capex?
- Over 4 years (2021 to 2025), Intuitive Surgical's capex has grown at a 11.2% compound annual growth rate (CAGR), from $353.50M to $539.80M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.