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Intuitive Surgical ISRG Operating margin

Operating margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
26.5%+2.8pp
Stryker logo
StrykerSYK
21.4%+6.2pp
Novanta logo
NovantaNOVT
9%-2.2pp
Pulmonx Corporation logo
Pulmonx CorporationLUNG
-58.8%-5.8pp
PROCEPT BioRobotics Corporation logo
PROCEPT BioRobotics CorporationPRCT
-33.9%+0.5pp
Medtronic logo
MedtronicMDT
17.8%0.0pp

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
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

Calculated from Intuitive Surgical’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 21, 2026, 5:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001035267-26-000058

FAQ

What is Intuitive Surgical's operating margin?
Intuitive Surgical (ISRG) reported operating margin of 31.3% in Q2 2026.
How has Intuitive Surgical's operating margin changed year-over-year?
Intuitive Surgical's operating margin increased by 8.6% year-over-year, from 28.8% to 31.3%.
What is the long-term trend for Intuitive Surgical's operating margin?
Over 5 years (2020 to 2025), Intuitive Surgical's operating margin has grown at a 4.0% compound annual growth rate (CAGR), from 24.1% to 29.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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