v3.26.1
REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Types and Geography The following table presents revenue disaggregated by geography and type (in millions):
Three Months Ended June 30,Six Months Ended June 30,
U.S.2026202520262025
Instruments and accessories$1,180.4 $1,017.3 $2,302.2 $1,981.1 
Systems442.1 354.0 821.9 689.9 
Service310.7 258.1 592.4 496.6 
Total U.S. revenue
$1,933.2 $1,629.4 $3,716.5 $3,167.6 
Outside of the U.S. (“OUS”)
Instruments and accessories$554.5 $456.8 $1,119.1 $860.7 
Systems242.9 220.7 513.8 407.5 
Service161.7 133.1 313.7 257.6 
Total OUS revenue
$959.1 $810.6 $1,946.6 $1,525.8 
Total
Instruments and accessories$1,734.9 $1,474.1 $3,421.3 $2,841.8 
Systems685.0 574.7 1,335.7 1,097.4 
Service472.4 391.2 906.1 754.2 
Total revenue
$2,892.3 $2,440.0 $5,663.1 $4,693.4 
Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
As of
 June 30, 2026December 31, 2025
Contract assets$27.2 $15.3 
Deferred revenue (1)
$662.0 $598.1 
(1) On March 1, 2026, in connection with the acquisition of a business, the Company acquired deferred revenue of $20.0 million. Refer to Note 7 for further information.
Sales-type Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Sales-type lease revenue$20.8 $15.1 $53.5 $41.6 
Operating lease revenue*$261.8 $213.8 $512.0 $409.0 
*Variable lease revenue included within operating lease revenue, primarily related to usage-based arrangements$168.8 $130.0 $326.0 $241.7 
Operating Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Sales-type lease revenue$20.8 $15.1 $53.5 $41.6 
Operating lease revenue*$261.8 $213.8 $512.0 $409.0 
*Variable lease revenue included within operating lease revenue, primarily related to usage-based arrangements$168.8 $130.0 $326.0 $241.7