ISRG

Intuitive Surgical
D

ISRG

Arincen88/100B

If you had invested in Intuitive Surgical ago, it would be worth $6,421 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

88/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Intuitive Surgical key facts

Style
Growth stock · 7.2/10Growth 7.2 · Value 3.3
Day range
441.84 – 448.73
52-week range
328.57 – 603.88
Market capitalization
153.76B USD
P/E
53.00
PEG ratio
2.95
EPS
8.37
EPS growth forecast (FY2026)
+26.1%
Volume
39,043
Beta
1.45
ESG score
56.1/100Environment 55 · Social 51 · Governance 62
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
David J. Rosa
Employees
17K
IPO date
16 Jun 2000

Intuitive Surgical earnings

Next earnings · Q4 FY2026
EPS estimate
2.96 USD
Revenue estimate
3.24B USD
Last quarter · Q3 FY2026
EPS3.00Beat +13.2%Revenue3.05BBeat +4.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20273.19——+6.44%3.37B——+10.39%
Q2 FY20273.08——+10.15%3.25B——+12.35%
Q1 FY20272.86——+1.97%3.12B——+12.74%
Q4 FY20262.96——+17.00%3.24B——+12.96%
Q3 FY20262.653.00+13.21%+25.00%2.91B3.05B+4.88%+21.70%
Q2 FY20262.512.80+11.55%+27.85%2.83B2.89B+2.37%+18.54%
Q1 FY20262.512.80+11.55%+54.70%2.62B2.77B+5.81%+22.96%
Q4 FY20252.272.53+11.45%+14.48%2.76B2.87B+3.75%+18.76%
Q3 FY20251.992.40+20.60%+30.43%2.41B2.51B+4.10%+22.91%
Q2 FY20251.932.19+13.47%+23.03%2.35B2.44B+3.77%+21.40%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Intuitive Surgical analyst forecast

12-month price target
484.87 USD
+9.31%

Analysts' 1-year price targets range from 357.44 to 558.00, with an average of 484.87.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
23 ratings
Buy
19
Hold
4
Sell
0

12-month price target

Highest target558.00
Average target484.87
Lowest target357.44
Current price443.58

Intuitive Surgical valuation

Price to earnings ratio (TTM)
53.00
Forward P/E (FY2026)
39.40
Price to sales (TTM)
13.28
Price to book
9.62
EV / EBITDA (TTM)
35.73

Capital structure

Market capitalization
153.76B USD
+
Total debt
0.00 USD
−
Cash and short-term investments
4.04B USD
=
Enterprise value
149.72B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)31.61————
FY2027 (est.)35.5231.61———
FY2026 (est.)39.4035.52———
Now (TTM)53.0035.9813.289.6235.73
FY202570.8050.3220.0811.3449.83
FY202479.8160.1622.2011.2858.48
FY202365.8949.0216.638.9047.95
FY202271.3347.4315.178.5547.05
FY202175.0176.9322.4110.7157.60

Intuitive Surgical against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Becton, Dickinson and, Medline, ResMed, and West Pharmaceutical Services, the US Medical - Instruments & Supplies companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median53.0
    37.596.4
  • Gross marginLowest in 5 years66.0%
    66.0%69.3%
    Against its peers: 1 of 5Peers' median 41.6%
  • Operating marginAbove its median29.3%
    24.8%31.9%
    Against its peers: 2 of 5Peers' median 15.8%
  • Net marginAbove its median28.4%
    21.3%29.9%
    Against its peers: 1 of 5Peers' median 11.0%
  • Return on equityHighest in 5 years16.0%
    12.0%16.0%
    Against its peers: 2 of 5Peers' median 13.2%
  • Free cash flow marginAbove its median24.7%
    10.5%30.4%
    Against its peers: 2 of 5Peers' median 14.5%
  • Revenue growthAbove its median20.5%
    9.0%31.0%
    Against its peers: 1 of 5Peers' median 8.1%
  • EPS growthBelow its median22.6%
    -21.7%58.5%
    Against its peers: 1 of 5Peers' median -2.1%
  • Debt to EBITDALowest in 5 years0.00×
    0.00×0.04×
    Against its peers: 1 of 5Peers' median 2.04×
  • Current ratioAbove its median4.87
    4.075.08
    Against its peers: 1 of 5Peers' median 3.06

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Intuitive Surgical growth and profitability

Revenue (TTM)
11.58B USD
Net income (TTM)
2.96B USD
Gross margin
67.19%
Operating margin
28.37%
Net margin
25.54%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202510.06B+20.51%2.86B+22.97%66.00%29.27%28.38%3.99B+27.19%
FY20248.35B+17.24%2.32B+29.18%67.46%28.12%27.81%3.14B+29.92%
FY20237.12B+14.49%1.80B+35.98%66.39%24.80%25.24%2.41B+22.36%
FY20226.22B+8.97%1.32B-22.43%67.44%25.35%21.25%1.97B-10.36%
FY20215.71B+31.01%1.70B+60.72%69.32%31.89%29.85%2.20B+65.95%

Intuitive Surgical revenue breakdown

By product

FY2025
Instruments and Accessories: 59.8%Systems: 24.6%Services: 15.6%59.8%Instruments and Accessories24.6%Systems15.6%Services
SegmentRevenueShare of revenueChange on the year
Instruments and Accessories6.02B59.8%+18.5%
Systems2.47B24.6%+25.8%
Services1.57B15.6%+20.3%

By region

FY2025
Geographic Distribution, Domestic: 67.7%Geographic Distribution, Foreign: 32.3%67.7%Geographic Distribution, Domestic32.3%Geographic Distribution, Foreign
RegionRevenueShare of revenueChange on the year
Geographic Distribution, Domestic6.82B67.7%—
Geographic Distribution, Foreign3.25B32.3%—

How Intuitive Surgical makes its money

Instruments and Accessories6.02B 59.8%
Systems2.47B 24.6%
Services1.57B 15.6%
Revenue10.06B 100.0%
Cost of revenue3.42B 34.0%
Gross profit6.64B 66.0%
Research and development1.31B 13.0%
Selling and administration2.39B 23.7%
Operating income2.95B 29.3%
Tax434.80M 4.3%
Net income2.86B 28.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Intuitive Surgical financial health

Cash and short-term investments
4.04B USD
Total debt
0.00 USD
Net cash
4.04B USD
Free cash flow (TTM)
3.60B USD
Current ratio
3.33
Debt to equity
0.00
Piotroski score
7 / 9
Altman Z-score
30.62

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20255.93B0.002.49B
FY20244.01B0.001.30B
FY20235.22B0.00749.60M
FY20224.12B0.00958.40M
FY20214.23B87.00M1.74B

Intuitive Surgical ownership

Institutions
87.11%
Institutional holders
2,363 (-52)
Free float
99.41%

Who owns the shares

Institutions 87.1% Others 12.9%
As of 30 Jun 2026

Shares free to trade

Free float 344.61M shares ·99.4% Closely held 2.04M shares ·0.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202601316.55K62.58K
Q3 20260193.00K16.00K
Q2 202601517.06K19.91K
Q1 2026020340.26K293.61K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025356.90M362.70M+0.19%
FY2024355.20M362.00M+1.29%
FY2023351.20M357.40M-1.27%
FY2022355.70M362.00M-1.04%
FY2021356.10M365.80M+1.36%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Intuitive Surgical

Sector: Healthcare
Industry: Medical - Instruments & Supplies
Intuitive Surgical Inc. designs, manufactures and sells robotic products designed to improve the patient experience through minimally invasive surgery. Known for its flagship da Vinci Surgical System, the company is listed on the NASDAQ-100 and S&P 500. The company was founded in November 1995 by Frederic H. Moll, John Gordon Freund and Robert G. Younge. It is headquartered in Sunnyvale, California.

Common questions about Intuitive Surgical stock