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Intuitive Surgical ISRG Service — Total Cost of Revenue

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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:CostOfGoodsAndServicesSold.

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
in millions (except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenue2,892.32,440.05,663.14,693.4
Cost of revenue:
Product777.0686.21,557.01,356.9
Service154.9135.9315.2260.9
Total cost of revenue931.9822.11,872.21,617.8
Gross profit1,960.41,617.93,790.93,075.6
Operating expenses:
Selling, general, and administrative617.9561.21,231.21,124.6

Item 1. Financial Statements (unaudited):

FAQ

What is Intuitive Surgical's service — total cost of revenue?
Intuitive Surgical (ISRG) reported service — total cost of revenue of $154.9M in Q2 2026.
How has Intuitive Surgical's service — total cost of revenue changed year-over-year?
Intuitive Surgical's service — total cost of revenue increased by 14.0% year-over-year, from $135.9M to $154.9M.
What is the long-term trend for Intuitive Surgical's service — total cost of revenue?
Over 4 years (2021 to 2025), Intuitive Surgical's service — total cost of revenue has grown at a 17.9% compound annual growth rate (CAGR), from $287.5M to $556.3M.
What does service — total cost of revenue mean?
This metric captures the direct costs associated with delivering service and maintenance for the installed base of robotic surgical systems, including labor, parts, and logistics. It represents the operational expenditure required to fulfill service obligations and maintain system uptime for customers. Monitoring this cost is essential for evaluating the profitability and operational efficiency of the service segment.

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