Free cash flow
Intuitive Surgical Free cash flow increased by 10.8% to $808.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 73.9%, from $465.00M to $808.60M. Over 3 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 12.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $467.00M | $433.10M | $416.80M | $127.90M | $316.20M | $214.10M | $300.20M | $177.30M | $487.40M | $292.10M | $23.50M | $311.10M | $458.60M | $510.60M | $465.00M | $560.10M | $735.60M | $730.00M | $808.60M |
| QoQ Change | — | -7.3% | -3.8% | -69.3% | +147.2% | -32.3% | +40.2% | -40.9% | +174.9% | -40.1% | -92.0% | >999% | +47.4% | +11.3% | -8.9% | +20.5% | +31.3% | -0.8% | +10.8% |
| YoY Change | — | — | — | — | -32.3% | -50.6% | -28.0% | +38.6% | +54.1% | +36.4% | -86.7% | -36.2% | +57.0% | — | >999% | +80.0% | +60.4% | +43.0% | +73.9% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Intuitive Surgical's free cash flow?
- Intuitive Surgical (ISRG) reported free cash flow of $808.60M in Q1 2026.
- How has Intuitive Surgical's free cash flow changed year-over-year?
- Intuitive Surgical's free cash flow increased by 73.9% year-over-year, from $465.00M to $808.60M.
- What is the long-term trend for Intuitive Surgical's free cash flow?
- Over 3 years (2021 to 2025), Intuitive Surgical's free cash flow has grown at a 12.8% compound annual growth rate (CAGR), from $1.74B to $2.49B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.