Intuitive Surgical, Inc. (ISRG) Quarterly Income Statement

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Intuitive Surgical, Inc. (ISRG) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

ISRG Income Statement

Intuitive Surgical, Inc. (ISRG) annual income statement — 27-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	3.05B	2.89B	2.77B	2.87B	2.51B	2.44B	2.25B	2.41B	2.04B	2.01B	1.89B	1.93B	1.74B	1.76B	1.7B	1.66B	1.56B	1.52B	1.49B	1.55B
Revenue Growth %	21.7%	18.54%	22.96%	18.76%	22.91%	21.4%	19.19%	25.16%	16.88%	14.47%	11.46%	16.51%	11.96%	15.36%	14.01%	6.73%	10.98%	3.97%	15.14%	16.67%
Cost of Goods Sold	964.4M	931.9M	940.3M	961.9M	842.7M	822.1M	795.7M	771.3M	664.2M	637.2M	645.2M	650.9M	576.5M	584M	583.2M	544.1M	505.3M	498.8M	478M	489.9M
COGS % of Revenue	31.63%	32.22%	33.94%	33.56%	33.64%	33.69%	35.31%	31.96%	32.59%	31.7%	34.13%	33.76%	33.06%	33.26%	34.38%	32.88%	32.45%	32.77%	32.13%	31.59%
Gross Profit	2.08B	1.96B	1.83B	1.9B	1.66B	1.62B	1.46B	1.64B	1.37B	1.37B	1.25B	1.28B	1.17B	1.17B	1.11B	1.11B	1.05B	1.02B	1.01B	1.06B
Gross Margin %	68.37%	67.78%	66.06%	66.44%	66.36%	66.31%	64.69%	68.04%	67.41%	68.3%	65.87%	66.24%	66.94%	66.74%	65.62%	67.12%	67.55%	67.23%	67.87%	68.41%
Gross Profit Growth %	25.38%	21.17%	25.57%	15.96%	21%	17.86%	17.05%	28.56%	17.71%	17.13%	11.9%	14.99%	10.94%	14.52%	10.23%	4.72%	8.31%	-0.04%	11.87%	18.42%
Operating Expenses	1.49B	988.5M	975.2M	1.04B	902.7M	874.5M	879.6M	907.3M	796.6M	805.4M	776M	827.2M	701.4M	708.7M	725.4M	738.4M	653.2M	625.7M	601.6M	610.4M
OpEx % of Revenue	48.93%	34.18%	35.2%	36.29%	36.03%	35.84%	39.03%	37.59%	39.09%	40.07%	41.05%	42.9%	40.22%	40.36%	42.77%	44.62%	41.94%	41.11%	40.44%	39.36%
Selling, General & Admin	1.08B	617.9M	613.3M	687.1M	573.3M	561.2M	563.4M	612.6M	510.6M	525.3M	491.5M	567.1M	452M	464.3M	480.5M	494.3M	436.1M	418.4M	391.1M	427M
SG&A % of Revenue	35.54%	21.36%	22.13%	23.97%	22.89%	23%	25%	25.38%	25.05%	26.14%	26%	29.41%	25.92%	26.44%	28.33%	29.87%	28%	27.49%	26.29%	27.54%
Research & Development	408.3M	370.6M	361.9M	352.9M	329.4M	313.3M	316.2M	294.7M	286M	280.1M	284.5M	260.1M	249.4M	244.4M	244.9M	244.1M	217.1M	207.3M	210.5M	183.4M
R&D % of Revenue	13.39%	12.81%	13.06%	12.31%	13.15%	12.84%	14.03%	12.21%	14.03%	13.94%	15.05%	13.49%	14.3%	13.92%	14.44%	14.75%	13.94%	13.62%	14.15%	11.83%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	592.6M	971.9M	855.3M	864.3M	759.7M	743.4M	578.1M	734.9M	577.3M	567.3M	469.4M	450.2M	465.8M	463.2M	387.6M	372.5M	398.9M	397.6M	408.1M	450.4M
Operating Margin %	19.44%	33.6%	30.87%	30.15%	30.33%	30.47%	25.65%	30.45%	28.33%	28.23%	24.83%	23.35%	26.71%	26.38%	22.85%	22.51%	25.61%	26.12%	27.43%	29.04%
Operating Income Growth %	-22%	30.74%	47.95%	17.61%	31.6%	31.04%	23.16%	63.24%	23.94%	22.47%	21.1%	20.86%	16.77%	16.5%	-5.02%	-17.3%	-9.87%	-22.22%	-2.09%	8.32%
EBITDA	668.4M	1.17B	1.06B	1.09B	919.7M	898.7M	719M	859.6M	693.5M	679.1M	578.7M	573.4M	574.4M	560.5M	480.3M	478.7M	488.7M	483.6M	491.9M	531.3M
EBITDA Margin %	21.92%	40.52%	38.09%	37.86%	36.71%	36.83%	31.91%	35.62%	34.03%	33.79%	30.61%	29.74%	32.94%	31.92%	28.32%	28.92%	31.38%	31.77%	33.06%	34.26%
EBITDA Growth %	-27.32%	30.4%	46.77%	26.24%	32.62%	32.34%	24.24%	49.91%	20.73%	21.16%	20.49%	19.78%	17.54%	15.9%	-2.36%	-9.9%	-6.86%	-17.59%	0.7%	7.2%
D&A (Non-Cash Add-back)	0	200M	200M	220.9M	160M	155.3M	140.9M	124.7M	116.2M	111.8M	109.3M	123.2M	108.6M	97.3M	92.7M	106.2M	89.8M	86M	83.8M	80.9M
EBIT	668.4M	974.3M	940.4M	955.6M	855.2M	832.1M	668.5M	809.8M	671M	654.5M	538.5M	515.9M	522M	499.2M	421.8M	394.7M	402.8M	406.9M	402.4M	454.2M
Net Interest Income	75.8M	85.1M	85.1M	91.3M	95.5M	88.7M	90.4M	74.9M	93.7M	87.2M	69.1M	65.7M	56.2M	36M	34.2M	22.2M	3.9M	9.3M	5.7M	3.8M
Interest Income	75.8M	85.1M	85.1M	91.3M	95.5M	88.7M	90.4M	74.9M	93.7M	87.2M	69.1M	65.7M	56.2M	36M	34.2M	22.2M	3.9M	9.3M	5.7M	3.8M
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	75.8M	82.7M	85.1M	91.3M	95.5M	88.7M	90.4M	74.9M	93.7M	87.2M	69.1M	65.7M	56.2M	36M	34.2M	22.2M	3.9M	9.3M	-5.7M	3.8M
Pretax Income	668.4M	1.05B	940.4M	955.6M	855.2M	832.1M	668.5M	809.8M	671M	654.5M	538.5M	515.9M	522M	499.2M	421.8M	394.7M	402.8M	406.9M	402.4M	454.2M
Pretax Margin %	21.92%	36.46%	33.94%	33.34%	34.14%	34.1%	29.67%	33.55%	32.92%	32.56%	28.48%	26.75%	29.94%	28.43%	24.87%	23.85%	25.86%	26.73%	27.05%	29.29%
Income Tax	144M	231.4M	114.4M	156.1M	146M	167.9M	-35.2M	121.8M	100.4M	123M	-8.9M	-94.8M	102.2M	73.2M	61M	58M	78.1M	93.3M	33M	71.5M
Effective Tax Rate %	21.54%	21.94%	12.17%	16.34%	17.07%	20.18%	-5.27%	15.04%	14.96%	18.79%	-1.65%	-18.38%	19.58%	14.66%	14.46%	14.69%	19.39%	22.93%	8.2%	15.74%
Net Income	522.8M	818.1M	821.5M	794.8M	704.4M	658.4M	698.4M	685.7M	565.1M	526.9M	544.9M	606.2M	415.7M	420.8M	355.3M	324.9M	324M	307.8M	365.6M	380.6M
Net Margin %	17.15%	28.29%	29.65%	27.73%	28.12%	26.98%	30.99%	28.41%	27.73%	26.22%	28.82%	31.44%	23.84%	23.96%	20.95%	19.63%	20.8%	20.22%	24.57%	24.54%
Net Income Growth %	-25.78%	24.26%	17.63%	15.91%	24.65%	24.96%	28.17%	13.11%	35.94%	25.21%	53.36%	86.58%	28.3%	36.71%	-2.82%	-14.63%	-14.85%	-40.49%	-14.24%	4.22%
Net Income (Continuing)	524.4M	823.2M	826M	799.5M	709.2M	664.2M	703.7M	688M	570.6M	531.5M	547.4M	610.7M	419.8M	426M	360.8M	336.7M	324.7M	313.6M	369.4M	382.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	131.6M	129.3M	122.7M	117.7M	112.4M	107.4M	101.3M	95.9M	94.2M	88.2M	83.8M	89.7M	84.5M	80.6M	76.5M	70.7M	58.6M	59.4M	54.6M	50.4M
EPS (Diluted)	1.49	2.35	2.28	2.21	1.95	1.81	1.92	1.88	1.56	1.46	1.51	1.69	1.16	1.18	1.00	0.91	0.90	0.85	1.00	1.04
EPS Growth %	-23.59%	29.83%	18.75%	17.55%	25%	23.97%	27.15%	11.24%	34.48%	23.73%	51%	85.71%	28.89%	38.82%	0%	-12.5%	-13.46%	-40.14%	-14.53%	2.97%
EPS (Basic)	1.50	2.32	2.31	2.24	1.98	1.84	1.95	1.92	1.59	1.48	1.54	1.72	1.18	1.20	1.01	0.93	0.91	0.86	1.02	1.06
Diluted Shares Outstanding	351.6M	358.5M	359.8M	360.4M	361.8M	364.1M	364.6M	363.9M	362.7M	361M	360.5M	358.2M	358.2M	357.3M	356M	357M	360.5M	363.9M	366.7M	367.4M
Basic Shares Outstanding	349M	354.5M	354.9M	354.9M	356.6M	358.5M	357.5M	356.4M	355.8M	355M	353.5M	352.1M	351.7M	350.9M	350.2M	351.1M	355.3M	358.1M	358.4M	357.5M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-