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Intuitive Surgical ISRG Contract Liabilities

Contract Liabilities at other companies

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Merit Medical SystemsMMSI
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Other financials

Income statement

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Revenue$2.9B+18.5%
Gross profit$2.0B+21.2%
Operating income$971.9M+30.7%
Net income$818.1M+24.3%
EPS (diluted)$2.29+26.5%

Balance sheet

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Cash & equivalents$2.8B-18.6%
Total debt$170.9M+17.1%
Total equity$18.2B+1.8%
Total assets$20.9B+3.5%

Cash flow

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Operating cash flow$1.1B+48.3%
CapEx$112.6M-27.5%
Free cash flow$948.4M+69.3%

Valuation

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Market cap$132.55B-22.0%
P/E42.2×-22.9×
P/S12×-6.6×

Profitability

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Gross margin66.7%+0.1pp
Operating margin31.3%+2.5pp
Net margin28.4%-0.1pp
FCF margin29.2%+7.4pp

Returns & leverage

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Return on equity17.4%+1.4pp
Debt / equity0.0×
Current ratio-0.2×

Where this comes from

Reported directly by Intuitive Surgical in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Intuitive Surgical’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 5:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001035267-26-000058
Line itemAs of / June 30, 2026As of / December 31, 2025
Contract assets$27.2$15.3
Deferred revenue (1)$662.0$598.1
(1) On March 1, 2026, in connection with the acquisition of a business, the Company acquired deferred revenue of $20.0 million. Refer to Note 7 for further information.

Item 1. Financial Statements (unaudited):

FAQ

What is Intuitive Surgical's contract liabilities?
Intuitive Surgical (ISRG) reported contract liabilities of $662M in Q2 2026.
How has Intuitive Surgical's contract liabilities changed year-over-year?
Intuitive Surgical's contract liabilities increased by 15.8% year-over-year, from $571.7M to $662M.
What is the long-term trend for Intuitive Surgical's contract liabilities?
Over 5 years (2020 to 2025), Intuitive Surgical's contract liabilities has grown at a 9.4% compound annual growth rate (CAGR), from $382.3M to $598.1M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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