Intuitive Surgical Inc (NASDAQ:ISRG) posted financial results for the third quarter after the closing bell on Tuesday. Here’s what you need to know from the report.
- Intuitive Surgical stock is trading in a range. What’s the outlook for ISRG shares?
Intuitive Surgical Q3 Highlights
Intuitive Surgical reported revenue of $3.05 billion for the quarter, beating analyst estimates of $2.91 billion, according to Benzinga Pro. The robotic-assisted surgery company reported third-quarter adjusted earnings of $3.00 per share, beating estimates of $2.64 per share.
Total revenue in the quarter was up 22% year-over-year, driven by growth in procedure volume, higher operating lease revenue and an increase in the installed base of systems.
Instruments and accessories revenue totaled $1.80 billion, up 18%. Systems revenue came in at $769 million, up from $590 million in the comparable quarter last year.
Worldwide procedures grew by approximately 15% year-over-year. Intuitive Surgical said it placed 546 da Vinci surgical systems in the quarter, versus 427 in the prior year’s quarter. The company’s da Vinci surgical system installed base grew to 12,094 systems, up 12% year-over-year.
Intuitive Surgical ended the period with $6.80 billion in cash, cash equivalents and investments.
“Our strong performance this quarter was marked by broad-based adoption across our multi-port, single-port, and Ion platforms, with customers using our systems to perform, on average, over 10,000 procedures per day throughout the period,” said Dave Rosa, CEO of Intuitive Surgical.
Intuitive Surgical expects full-year 2026 worldwide da Vinci procedures to increase approximately 14% to 15%, and gross profit margin to be between 68.7% and 69.3% of revenue. The company previously guided for 2026 da Vinci procedures growth of 13.5% to 15.5%.
ISRG Shares Move Lower
ISRG Price Action: Intuitive Surgical shares were down 10.50% in after-hours Tuesday, trading at $392 at the time of publication, according to Benzinga Pro.
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