88/100B443.58
USD
3.63
(0.82%)
Post Trading·442.99USD-0.59(-0.13%)
Last updated: · Delayed 15 min
Fair value591.36Plus-25%314Price 443.58807
Q4 FY2026 · Earnings report
EPS estimate 2.96Revenue estimate 3.24B
Q4 FY2026 · Earnings report
EPS estimate 2.96Revenue estimate 3.24B
Intuitive Surgical financials
Yes. Intuitive Surgical earned 2.96B USD of net income over the last twelve months, 25.5% of its revenue. It made a profit in 22 of its 28 fiscal years since 1998. Its last loss was in fiscal year 2003.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 11.58B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 2.96B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 3.60B USD
- Cash and short-term investments
- 4.04B USD
- Total debt
- 0.00 USD
- Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.
- 15.99B USD
Cash, debt and equity as of 30 Sept 2026.
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
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 3.19 | — | — | +6.44% | 3.37B | — | — | +10.39% | |
| Q2 FY2027 | 3.08 | — | — | +10.15% | 3.25B | — | — | +12.35% | |
| Q1 FY2027 | 2.86 | — | — | +1.97% | 3.12B | — | — | +12.74% | |
| Q4 FY2026 | 2.96 | — | — | +17.00% | 3.24B | — | — | +12.96% | |
| Q3 FY2026 | 2.65 | 3.00 | +13.21% | +25.00% | 2.91B | 3.05B | +4.88% | +21.70% | |
| Q2 FY2026 | 2.51 | 2.80 | +11.55% | +27.85% | 2.83B | 2.89B | +2.37% | +18.54% | |
| Q1 FY2026 | 2.51 | 2.80 | +11.55% | +54.70% | 2.62B | 2.77B | +5.81% | +22.96% | |
| Q4 FY2025 | 2.27 | 2.53 | +11.45% | +14.48% | 2.76B | 2.87B | +3.75% | +18.76% | |
| Q3 FY2025 | 1.99 | 2.40 | +20.60% | +30.43% | 2.41B | 2.51B | +4.10% | +22.91% | |
| Q2 FY2025 | 1.93 | 2.19 | +13.47% | +23.03% | 2.35B | 2.44B | +3.77% | +21.40% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 14.03 | — | — | +12.36% | 14.99B | — | — | +12.29% |
| FY2027 | 12.49 | — | — | +10.92% | 13.35B | — | — | +11.88% |
| FY2026 | 11.26 | — | — | +26.07% | 11.93B | — | — | +18.56% |
| FY2025 | 8.68 | 8.93 | +2.88% | +21.83% | 9.95B | 10.06B | +1.15% | +20.51% |
| FY2024 | 6.89 | 7.33 | +6.39% | +28.37% | 8.19B | 8.35B | +1.98% | +17.24% |
| FY2023 | 5.60 | 5.71 | +2.01% | +21.75% | 7.08B | 7.12B | +0.57% | +14.49% |
| FY2022 | 4.67 | 4.69 | +0.38% | -5.63% | 6.25B | 6.22B | -0.39% | +8.97% |
Intuitive Surgical growth and profitability
Full income statement- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 11.58B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 2.96B USD
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 67.19%
- Operating margin
- 28.37%
- Net margin
- 25.54%
Revenue / Net income
Revenue Net income Net margin
How Intuitive Surgical makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
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.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Intuitive Surgical revenue breakdown
By product
FY2025
59.8%Instruments and Accessories24.6%Systems15.6%Services
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Instruments and Accessories | 6.02B | 59.8% | +18.5% |
| Systems | 2.47B | 24.6% | +25.8% |
| Services | 1.57B | 15.6% | +20.3% |
By region
FY2025
67.7%Geographic Distribution, Domestic32.3%Geographic Distribution, Foreign
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Geographic Distribution, Domestic | 6.82B | 67.7% | — |
| Geographic Distribution, Foreign | 3.25B | 32.3% | — |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
Intuitive Surgical financial health
Full balance sheet- Cash and short-term investments
- 4.04B USD
- Total debt
- 0.00 USD
- Net cash
- 4.04B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 3.60B USD
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 3.33
- Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
- 0.00
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 7 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 30.62
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
Intuitive Surgical valuation
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 53.00
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 39.40
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 13.28
- Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.
- 9.62
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 35.73
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
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
Intuitive Surgical against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
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 median53.037.596.4
- 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 median4.874.075.08Against 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 ownership
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 87.11%
- Institutional holders
- 2,363 (-52)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 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
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 13 | 16.55K | 62.58K |
| Q3 2026 | 0 | 19 | 3.00K | 16.00K |
| Q2 2026 | 0 | 15 | 17.06K | 19.91K |
| Q1 2026 | 0 | 20 | 340.26K | 293.61K |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about Intuitive Surgical's financials
Source: Financial Modeling PrepVerified against SEC filings