NASDAQ$ISRG
Intuitive Surgical Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Intuitive Surgical reported 19% revenue growth and 24% GAAP net income growth for Q2 2026 driven by procedure volume increases.
Intuitive Surgical Inc. announced Q2 2026 results with total revenue of $2.89 billion, up 19% year-over-year. GAAP net income reached $818 million ($2.29 diluted EPS) while non-GAAP net income was $1.00 billion ($2.80 diluted EPS). Procedure growth remained strong with worldwide da Vinci and Ion procedures increasing approximately 16%.
- Worldwide da Vinci and Ion procedures grew 16% year-over-year with da Vinci procedures up 15% and Ion procedures up 36%.
- Placed 468 da Vinci systems (including 246 da Vinci 5) and 55 Ion systems, growing the da Vinci installed base to 11,710 systems.
- Revenue increased 19% to $2.89 billion, led by 18% growth in instruments and accessories to $1.73 billion.
- GAAP operating income rose to $972 million and the company ended the quarter with $8.63 billion in cash, cash equivalents, and investments.
Headline financials
Revenue & EPS history
Intuitive Surgical · Revenue · Quarterly
$2.89B
Revenue by segment
Intuitive Surgical · $2.89B total across 3 segments · Q2 2026
- Instruments and accessories$1.73B—60.0%
- Systems$685M—23.7%
- Services$472M—16.3%
Forward guidance
The company expects worldwide da Vinci procedure growth of 13.5% to 15.5% for full year 2026, non-GAAP gross margin of 68.0%-69.0%, and non-GAAP operating expense growth of 11%-13%.
Tailwinds
- Strong procedure growth outlook supports continued revenue expansion
- Portfolio strength across da Vinci, Ion, and digital solutions
Headwinds
- Tariff impacts estimated at 1% of revenue on gross margin
- Potential material adverse effects if additional tariffs implemented
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.9%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+3.1%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+31.1%
Q4 2008
Best reaction
-16.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +2.8% | -3.5% | -9.3% | |
| Q4 2025 | -3.1% | +4.4% | -2.8% | |
| Q3 2025 | -2.3% | +19.1% | +21.4% | |
| Q2 2025 | +0.7% | +0.7% | -5.7% | |
| Q1 2025 | +1.9% | +7.4% | +12.7% | |
| Q4 2024 | -4.0% | +4.1% | +2.7% | |
| Q3 2024 | +9.3% | +8.6% | +10.7% | |
| Q2 2024 | +6.8% | +6.8% | +12.4% | |
| Q1 2024 | -2.1% | +0.8% | +6.6% | |
| Q4 2023 | -1.5% | +10.6% | +17.7% | |
| Q3 2023 | -3.1% | +0.7% | +10.8% | |
| Q2 2023 | -3.7% | -5.4% | -18.2% | |
| Q1 2023 | +11.0% | +11.7% | +16.1% | |
| Q4 2022 | -4.8% | -4.6% | -9.6% | |
| Q3 2022 | +11.1% | +14.9% | +37.2% | |
| Q2 2022 | -3.4% | -1.1% | +2.5% | |
| Q1 2022 | -16.7% | -19.3% | -27.7% | |
| Q4 2021 | -8.2% | -6.2% | -13.7% | |
| Q3 2021 | +2.3% | +2.8% | +8.1% | |
| Q2 2021 | +1.4% | +4.7% | +13.2% | |
| Q1 2021 | +9.9% | +7.9% | +2.6% | |
| Q4 2020 | -6.8% | -1.3% | +2.5% | |
| Q3 2020 | +0.2% | -2.4% | +0.3% | |
| Q2 2020 | +2.1% | +1.2% | +3.8% | |
| Q1 2020 | +3.0% | -2.8% | +1.8% | |
| Q4 2019 | -3.4% | -6.6% | +0.5% | |
| Q3 2019 | +6.8% | +1.0% | +7.4% | |
| Q2 2019 | +1.0% | +2.7% | -5.4% | |
| Q1 2019 | -6.5% | -4.7% | -6.6% | |
| Q4 2018 | -2.8% | -6.7% | +4.1% | |
| Q3 2018 | -7.1% | -6.6% | -4.5% | |
| Q2 2018 | -2.1% | -0.9% | -0.6% | |
| Q1 2018 | +12.6% | +9.1% | +9.5% | |
| Q4 2017 | +0.6% | -2.2% | -2.3% | |
| Q3 2017 | +4.3% | +4.8% | +10.8% | |
| Q2 2017 | -4.1% | -2.3% | +1.8% | |
| Q1 2017 | +5.1% | +5.9% | +11.9% | |
| Q4 2016 | +6.9% | +0.4% | +6.5% | |
| Q3 2016 | -4.0% | -4.4% | -7.7% | |
| Q2 2016 | +4.9% | +2.8% | +2.2% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +4.4% | — | — | |
| Q2 2015 | +10.5% | — | — | |
| Q1 2015 | -6.5% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | +18.8% | — | — | |
| Q1 2014 | -9.0% | — | — | |
| Q4 2013 | -6.5% | — | — | |
| Q3 2013 | -6.2% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | -4.5% | — | — | |
| Q4 2012 | +11.6% | — | — | |
| Q3 2012 | +3.9% | — | — | |
| Q2 2012 | -9.3% | — | — | |
| Q1 2012 | +8.0% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +9.3% | — | — | |
| Q2 2011 | +10.3% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q1 2009 | +1.5% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | -7.9% | — | — | |
| Q2 2010 | +7.4% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2007 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q3 2008 | -3.1% | — | — | |
| Q3 2009 | -3.1% | — | — | |
| Q2 2008 | +31.1% | — | — | |
| Q2 2009 | +31.1% | — | — | |
| Q4 2008 | +31.1% | — | — |
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