Intuitive Surgical Inc. (ISRG): price, analyst ratings, earnings and fundamentals
Updated 30 October 2026, 21:45 ET
Intuitive Surgical Inc. (ISRG) closed at $432.01 on 30 October 2026, down 3.7%. The stock is up 7.7% over one month and down 19.6% over one year. It trades 28.5% below its 52-week high of $603.88. Analysts recorded 14 actions in the last 90 days; the median price target of $500 is 15.7% above the last close. The company last reported on 20 October 2026 for Q3 2026: EPS of $3.00 against an estimate of $2.54, a beat of 18.1%, on revenue of $3.0 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open ISRG in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 14 analyst actions on ISRG from 11 firms: 12 maintained or reiterated a view, 1 upgrade and 1 initiation. Price targets were 4 raised and 5 lowered. The most recent targets from 21 firms range from $385 to $931, with a median of $500, 15.7% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 21 Oct 2026 | Leerink Partners | Maintains Outperform | $473.00 to $503.00 |
| 21 Oct 2026 | JP Morgan | Maintains Overweight | $450.00 to $475.00 |
| 21 Oct 2026 | Evercore ISI Group | Maintains In-Line | $400.00 to $385.00 |
| 21 Oct 2026 | Wells Fargo | Maintains Overweight | $487.00 to $486.00 |
| 21 Oct 2026 | TD Cowen | Reiterates Buy | $485.00 |
| 21 Oct 2026 | Barclays | Maintains Overweight | $485.00 to $500.00 |
| 21 Oct 2026 | RBC Capital | Maintains Outperform | $575.00 to $550.00 |
| 21 Oct 2026 | Mizuho | Maintains Neutral | $415.00 to $400.00 |
| 21 Oct 2026 | Baird | Maintains Outperform | $513.00 to $550.00 |
| 21 Oct 2026 | BTIG | Reiterates Buy | $454.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 21 January 2027 after the close for Q4 2026, with EPS expected at $2.86 on revenue of $3.2 billion. Intuitive Surgical Inc. beat the EPS estimate in 8 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q3 2026 | 20 Oct 2026 | $2.54 | $3.00 | +18.11% | $3.0B |
| Q2 2026 | 16 Jul 2026 | $2.41 | $2.80 | +16.18% | $2.9B |
| Q1 2026 | 21 Apr 2026 | $1.92 | $2.50 | +30.21% | $2.8B |
| Q4 2025 | 22 Jan 2026 | $2.09 | $2.53 | +21.05% | $2.9B |
| Q3 2025 | 21 Oct 2025 | $1.82 | $2.40 | +31.87% | $2.5B |
| Q2 2025 | 22 Jul 2025 | $1.77 | $2.19 | +13.47% | $2.4B |
| Q1 2025 | 22 Apr 2025 | $1.72 | $1.81 | +5.23% | $2.3B |
| Q4 2024 | 23 Jan 2025 | $1.79 | $2.21 | +23.46% | $2.4B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 September 2026, Intuitive Surgical Inc. reported revenue of $3.0 billion and net income of $522.8 million. On a trailing twelve month basis the company shows revenue growth of 20.45%, a gross margin of 67.19%, an operating margin of 28.37% and a return on equity of 17.97%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $3,048,700,000 |
| Cost of Revenue | $964,400,000 |
| Gross Profit | $2,084,300,000 |
| Research and Development | $408,300,000 |
| Selling, General & Administrative Expenses | $633,400,000 |
| Total Operating Expenses | $1,491,700,000 |
| Operating Profit | $592,600,000 |
| Pre-tax Income | $668,400,000 |
| Income Tax Expense | $144,000,000 |
| Net Income | $522,800,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $1,224,100,000 |
| Stock-based Compensation | $212,600,000 |
| Cash from Investing Activities | $1,897,800,000 |
| Capital Expenditures | $113,100,000 |
| Cash from Financing Activities | -$2,893,600,000 |
| Share Repurchases | $2,975,700,000 |
| Free Cash Flow | $1,111,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $2,978,100,000 |
| Restricted Cash | $24,400,000 |
| Short-term Investments | $1,064,400,000 |
| Accounts & Notes Receivable, Net | $1,721,300,000 |
| Prepaid Expenses | $536,300,000 |
| Inventory | $2,128,200,000 |
| Total Current Assets | $8,428,300,000 |
| Plant, Property & Equipment, Net | $5,676,200,000 |
| Operating Lease Right-of-Use Assets | $150,800,000 |
| Long-term Investments | $2,757,900,000 |
| Goodwill Intangible Assets, Net | $754,500,000 |
| Deferred Tax Asset | $1,191,100,000 |
| Total Assets | $19,349,100,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Accounts Payable & Accrued Expenses | $279,500,000 |
| Operating Lease Liabilities, Current | $39,000,000 |
| Deferred Liability Charges | $541,200,000 |
| Other Current Liabilities | $1,206,400,000 |
| Total Current Liabilities | $2,533,000,000 |
| Operating Lease Liabilities, Long-term | $131,900,000 |
| Long-term Deferred Liability Charges | $128,200,000 |
| Minority Interest | $131,600,000 |
| Total Liabilities | $3,231,300,000 |
| Common Stock | $300,000 |
| Retained Earnings | $4,525,100,000 |
| Other Accumulated Comprehensive Income | -$60,300,000 |
| Total Stockholders Equity | $15,986,200,000 |
| Total Liability & Stockholders Equity | $19,349,100,000 |
Figures as filed with the SEC for the period ended 30 September 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 1.60 | 81st | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 3.33 | 81st | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
| Quick Ratio | 2.28 | 82nd | Calculated as the ratio of (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities. The quick ratio is a measure of how well a company can meet its short-term financial liabilities. |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.00 | 17th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.00 | 14th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Operational Leverage | 0.81 | 55th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | 31.1% | 91st | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 67.2% | 80th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 28.4% | 88th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | 16.6% | 59th | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | 24.8% | 78th | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | 13.0% | 71st | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 31.1% | 87th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 15.3% | 94th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 18.0% | 83rd | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 16.4% | 85th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | 58.4% | 75th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Pct Growth 3 year CAGR | 186.6% | 84th | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Pct Growth 5 year CAGR | 90.9% | 66th | The Free Cash Flow compound annual growth rate (CAGR) over the past 5 years |
| FCF Return on Assets Pct | 18.6% | 95th | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
| Operating Cashflow Pct Growth | 38.1% | 70th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 26.4% | 80th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 13.7% | 73rd | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 7.7% | 48th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 24.9% | 79th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 11.9% | 68th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 20.5% | 76th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 19.1% | 81st | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 16.1% | 76th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 17.8% | 61st | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open ISRG in FundSpec.
Insider activity
In the last 90 days insiders filed 52 transactions. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 20,095 shares by Gary S Guthart, Director on 23 October 2026, worth about $9.1 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 28 Oct 2026 | Mark Brosius | EVP & Chief Mfg and Supply Cha | S | 61 | $441.60 | $27K |
| 27 Oct 2026 | Mark Brosius | EVP & Chief Mfg and Supply Cha | S | 61 | $451.63 | $28K |
| 26 Oct 2026 | Mark Brosius | EVP & Chief Mfg and Supply Cha | S | 61 | $451.75 | $28K |
| 23 Oct 2026 | Gary S Guthart | Director | S | 20,095 | $451.61 | $9.1M |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | S | 4,047 | $453.21 | $1.8M |
| 23 Oct 2026 | Craig H Barratt | Director | S | 1,150 | $443.80 | $510K |
| 23 Oct 2026 | Patricia L Wadors | SVP Chief Human Resources Offi | S | 1,078 | $443.80 | $478K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 406 | $347.42 | $141K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 567 | $242.34 | $137K |
| 23 Oct 2026 | Craig H Barratt | Director | M | 1,150 | $90.49 | $104K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 567 | $177.99 | $101K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 406 | $245.60 | $100K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 307 | $304.67 | $94K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 312 | $290.33 | $91K |
| 23 Oct 2026 | Fredrik Widman | VP Corporate Controller | M | 307 | $229.39 | $70K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 21 October 2026.
| Filed | Form | Document |
|---|---|---|
| 21 Oct 2026 | 10-Q | View on sec.gov |
| 21 Jul 2026 | 10-Q | View on sec.gov |
| 22 Apr 2026 | 10-Q | View on sec.gov |
| 3 Feb 2026 | 10-K | View on sec.gov |
| 22 Oct 2025 | 10-Q | View on sec.gov |
| 23 Jul 2025 | 10-Q | View on sec.gov |
| 23 Apr 2025 | 10-Q | View on sec.gov |
| 31 Jan 2025 | 10-K | View on sec.gov |
| 18 Oct 2024 | 10-Q | View on sec.gov |
| 19 Jul 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- Nasdaq
- Sector
- Medical Devices and Instruments
- Industry
- Medical Equipment
- Headquarters
- Sunnyvale, California
- Chief executive
- Gary S. Guthart
- Employees
- 12,100
- Website
- intuitive.com
- SEC CIK
- 0001035267
Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally. invasive approach.
Sector and peers
Intuitive Surgical Inc. is part of the Medical Devices and Instruments sector, which FundSpec tracks across 217 companies.
Companies in the same industry by market capitalization:
EW Edwards Lifesciences Corp.STE STERIS plcZBH Zimmer Biomet Holdings, Inc.ALGN Align Technology Inc.
Put two of them side by side in Compare.
FundSpec AI trading models
ISRG is traded intraday by 1 FundSpec AI model whose verified winning calls FundSpec publishes.
| Model | Verified wins | Average gain | Best gain | Last win |
|---|---|---|---|---|
| Intuitive Surgical Inc. (ISRG) day trading model | 118 | 0.68% | 4.42% | 30 Oct 2026 |
A day trading model learns an entry and exit policy for one stock from its intraday history. The record lists calls that closed with a gain; it is a track record, not a forecast. Read the guide: How FundSpec AI trading models work.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for ISRG are available to subscribers, with the same screen in the iOS and Android apps.
Open ISRG in FundSpec