Intuitive Surgical, Inc.

Intuitive Surgical, Inc.

482.10
USD
+41.35
(+9.38%)
8.32EPS
48.57P/E
143.65BMarket Cap
Jan 26Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.28
6.42
7.14
7.85
9.36
10.92
12.94
12.42
16.04
17.49
20.29
23.51
28.2
32.78
Basic EPS, GAAP
1.86
1.26
1.76
2.14
2
3.31
3.98
3.02
4.79
3.72
5.12
6.54
8
8.37
Free Cash Flow per Basic Share
2.15
1.68
2.17
3
2.84
2.88
3.39
3.26
4.91
2.69
2.13
3.67
6.98
10.19
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
10.18
10.26
12.83
16.55
14.18
19.44
23.75
27.56
33.27
31.55
37.77
46.08
50.19
45.25
Tangible Book Value per Share
9.6
9.43
12.09
15.88
13.51
18.55
22.54
26.39
32.11
30.41
36.67
45.05
49.12
43.12
Basic Weighted Avg Shares
361
332
334
345
335
341
346
351
356
356
351
355
357
353
Sales/Revenue/Turnover
2,265
2,132
2,384
2,707
3,138
3,724
4,479
4,358
5,710
6,222
7,124
8,352
10,065
11,578
Operating Margin (%)
37.64
25.56
31.04
35.09
33.87
32.21
30.69
24.09
31.89
25.35
24.8
28.12
29.27
32.25
Depreciation Expense
67
74
90
92
99
123
203
276
310
366
455
500
677
865
Net Income, GAAP
671
419
589
738
671
1,128
1,379
1,061
1,705
1,322
1,798
2,323
2,856
2,957
Effective Tax Rate (%)
22.95
23.72
22.37
25.07
39.27
12.08
8.01
11.62
8.58
16.33
7.23
12.58
13.13
17.85
Profit Margin (%)
29.62
19.65
24.69
27.28
21.38
30.29
30.8
24.33
29.85
21.25
25.24
27.81
28.38
25.54
Working Capital
1,552
1,311
1,704
2,654
2,146
3,513
3,632
5,661
4,695
4,831
6,229
5,366
7,773
5,895
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
87
- -
- -
- -
- -
- -
Total Equity
3,501
3,379
4,320
5,778
4,780
6,688
8,285
9,759
11,952
11,113
13,397
16,530
17,942
16,118
Return on Invested Capital (%)
18.53
12.06
14.89
14.03
12.12
18.25
16.82
10.25
15.23
11.35
13.29
13.63
14.75
16.1
Return on Capital (%)
18.95
12.17
15.3
14.62
12.71
19.72
18.39
11.69
15.42
11.23
14.51
15.42
16.45
17.74
Return on Common Equity (%)
18.95
12.17
15.3
14.62
12.71
19.69
18.46
11.79
15.76
11.53
14.77
15.62
16.67
17.97

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
354
354
353
Market Capitalization
163,375
140,739
143,653

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
8,810
9,543
8,428
Cash, Cash Equivalents & STI
4,517
5,216
4,043
Accounts Receivable, Net
1,391
1,433
1,472
Inventories
1,945
2,029
2,128
Total Current Liabilities
1,911
1,923
2,533
Payables & Accruals
981
948
1,486
ST Debt
- -
- -
- -
Deferred Revenue
560
549
541

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.6%
13.59%
8.54%
Free Cash Flow
20.57%
30.2%
91.03%
Net Income, GAAP
21%
25.28%
22.97%
Sales/Revenue/Turnover
15.79%
18.44%
20.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,891
2,010
2,038
2,414
8,352
2025
2,253
2,440
2,505
2,866
10,065
2026
2,771
2,892
3,049
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.54
1.48
1.59
1.92
6.54
2025
1.95
1.84
1.98
2.24
8
2026
2.31
2.31
1.5
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
David J. Rosa
Full Time Employees
17,021
Sector
Health technology
Industry
Medical specialties
Address
1020 Kifer Road Sunnyvale CA United States 94086-5304
IPO Date
Jun 13, 2000
Business
Intuitive Surgical, Inc. develops, manufactures, and markets advanced robotic-assisted surgical systems designed to enhance the quality and access to minimally invasive care globally. Its core products include the da Vinci Surgical System, which enables surgeons to perform a wide range of complex surgical procedures across specialties such as general surgery, urology, gynecology, cardiothoracic, and head and neck surgery using minimally invasive techniques. The company also offers the Ion Endoluminal System, a robotic platform for diagnostic endoluminal procedures enabling minimally invasive lung biopsies through advanced imaging and navigation technology. Intuitive’s product suite includes stapling, energy, and core instrumentation compatible with its multi-port da Vinci systems, alongside progressive learning pathways that facilitate clinical adoption, and a comprehensive infrastructure of service and support including installation, maintenance, technical support, proactive system health monitoring, and integrated digital capabilities that provide hospitals with data-driven insights to optimize surgical performance. Founded in 1995 and headquartered in Sunnyvale, California, Intuitive Surgical operates globally, supporting hospitals and surgical teams across over 60 countries. In the last 1-2 years, the company has advanced the commercial launch of its da Vinci 5 Surgical System, receiving regulatory clearances from the US FDA and CE mark in 2024, with 2025 focused on scaling the adoption of this platform through enhanced hardware and software upgrades featuring increased computing power and digital capabilities. Intuitive reported significant growth in system placements and procedure volumes, with a 14% year-over-year increase in installed base and 17% procedural growth as of mid-2025. Strategic priorities include expanding its robotic surgery ecosystem, reinforcing its recurring revenue model—which accounted for 84% of revenue in 2024—and furthering its Quintuple Aim framework aimed at improving patient outcomes, care team experience, access to care, and lowering total costs. Additionally, leadership transitioned in mid-2025 with President Dave Rosa promoted to CEO, signaling a new phase of growth and innovation focus. Despite rising competition in the robotic surgery field, Intuitive remains a dominant market leader through continuous technological innovation and strategic expansion. This comprehensive offering positions Intuitive Surgical as a pioneer and global leader in robotic-assisted, minimally invasive surgical technology, serving healthcare providers with products, services, and digital innovations that collectively enhance surgical precision, patient recovery, and overall healthcare system efficiency.

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