What is Intuitive Surgical's R&D?

Intuitive Surgical (ISRG) reported R&D of $361.9M in Q1 2026.

How has Intuitive Surgical's R&D changed year-over-year?

Intuitive Surgical's R&D increased by 14.5% year-over-year, from $316.2M to $361.9M.

What is the long-term trend for Intuitive Surgical's R&D?

Over 4 years (2021 to 2025), Intuitive Surgical's R&D has grown at a 18.2% compound annual growth rate (CAGR), from $671M to $1.31B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Intuitive Surgical ISRG R&D

R&D at other companies

StrykerSYK

$413M+2.0%

NovantaNOVT

$23.25M+0.1%

Pulmonx CorporationLUNG

$4.9M+3.0%

PROCEPT BioRobotics CorporationPRCT

$21.47M+30.9%

MedtronicMDT

$671M-1.9%

Profound MedicalPROF

$5.26M+9.4%

Other financials

Income statement

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Revenue$2.8B+23.0%

Gross profit$1.8B+25.6%

Operating income$855.3M+48.0%

Net income$821.5M+17.6%

EPS (diluted)$2.28+18.7%

Balance sheet

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Cash & equivalents$2.1B-21.6%

Total debt$170.9M+17.1%

Total equity$17.5B+2.2%

Total assets$20.1B+4.6%

Cash flow

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Operating cash flow$911.9M+56.8%

CapEx$103.3M-11.4%

Free cash flow$808.6M+73.9%

Valuation

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Market cap$140.84B-21.2%

P/E47.3×-21.3×

P/S13.3×-6.2×

Profitability

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Gross margin66.3%-0.8pp

Operating margin30.5%+2.3pp

Net margin28.2%-0.3pp

FCF margin26.8%+6.8pp

Returns & leverage

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Return on equity17.2%+1.3pp

Debt / equity0×0.0×

Current ratio4.6×-0.4×

Where this comes from

Reported directly by Intuitive Surgical in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Intuitive Surgical’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intuitive Surgical's R&D?: Intuitive Surgical (ISRG) reported R&D of $361.9M in Q1 2026.
How has Intuitive Surgical's R&D changed year-over-year?: Intuitive Surgical's R&D increased by 14.5% year-over-year, from $316.2M to $361.9M.
What is the long-term trend for Intuitive Surgical's R&D?: Over 4 years (2021 to 2025), Intuitive Surgical's R&D has grown at a 18.2% compound annual growth rate (CAGR), from $671M to $1.31B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.