v3.26.1
STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended June 30, 2026
Common StockAdditional Paid-In CapitalRetained Earnings
Accumulated Other Comprehensive Income (Loss)
Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance354.4 $0.4 $11,059.9 $6,397.7 $16.5 $17,474.5 $122.7 $17,597.2 
Issuance of common stock
— — — — — — — — 
Issuance of common stock through employee stock plans0.4 — 65.6 — — 65.6 — 65.6 
Shares withheld related to net share settlement of equity awards— — (0.5)(12.6)— (13.1)— (13.1)
Share-based compensation expense related to employee stock plans— — 213.0 — — 213.0 — 213.0 
Repurchase and retirement of common stock(0.9)— (13.0)(366.0)— (379.0)— (379.0)
Net income attributable to Intuitive Surgical, Inc.— — — 818.1 — 818.1 — 818.1 
Other comprehensive income (loss)— — — — (10.7)(10.7)1.5 (9.2)
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.1 5.1 
Ending balance353.9 $0.4 $11,325.0 $6,837.2 $5.8 $18,168.4 $129.3 $18,297.7 
Three Months Ended June 30, 2025
Common StockAdditional Paid-In CapitalRetained Earnings
Accumulated Other Comprehensive Income (Loss)
Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance
358.4 $0.4 $9,993.7 $7,139.4 $(27.1)$17,106.4 $101.3 $17,207.7 
Issuance of common stock through employee stock plans0.4 — 49.4 — — 49.4 — 49.4 
Shares withheld related to net share settlement of equity awards(0.1)— (0.4)(15.8)— (16.2)— (16.2)
Share-based compensation expense related to employee stock plans— — 198.6 — — 198.6 — 198.6 
Repurchase and retirement of common stock(0.3)— (4.5)(176.5)— (181.0)— (181.0)
Net income attributable to Intuitive Surgical, Inc.— — — 658.4 — 658.4 — 658.4 
Other comprehensive income— — — — 30.1 30.1 0.3 30.4 
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.8 5.8 
Ending balance
358.4 $0.4 $10,236.8 $7,605.5 $3.0 $17,845.7 $107.4 $17,953.1 
Six Months Ended June 30, 2026
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance
355.1 $0.4 $10,768.5 $7,011.8 $43.3 $17,824.0 $117.7 $17,941.7 
Issuance of common stock through employee stock plans2.7 — 187.4 — — 187.4 — 187.4 
Shares withheld related to net share settlement of equity awards(0.7)— (10.7)(354.7)— (365.4)— (365.4)
Share-based compensation expense related to employee stock plans— — 426.8 — — 426.8 — 426.8 
Repurchase and retirement of common stock(3.2)— (47.0)(1,459.5)— (1,506.5)— (1,506.5)
Net income attributable to Intuitive Surgical, Inc.— — — 1,639.6 — 1,639.6 — 1,639.6 
Other comprehensive income (loss)— — — — (37.5)(37.5)2.0 (35.5)
Net income attributable to noncontrolling interest in joint venture— — — — — — 9.6 9.6 
Ending balance
353.9 $0.4 $11,325.0 $6,837.2 $5.8 $18,168.4 $129.3 $18,297.7 
Six Months Ended June 30, 2025
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance
356.6 $0.4 $9,681.3 $6,803.3 $(51.3)$16,433.7 $95.9 $16,529.6 
Issuance of common stock through employee stock plans2.8 — 183.7 — — 183.7 — 183.7 
Shares withheld related to net share settlement of equity awards(0.7)— (8.2)(378.1)— (386.3)— (386.3)
Share-based compensation expense related to employee stock plans— — 384.5 — — 384.5 — 384.5 
Repurchase and retirement of common stock(0.3)— (4.5)(176.5)— (181.0)— (181.0)
Net income attributable to Intuitive Surgical, Inc.— — — 1,356.8 — 1,356.8 — 1,356.8 
Other comprehensive income— — — — 54.3 54.3 0.4 54.7 
Net income attributable to noncontrolling interest in joint venture— — — — — — 11.1 11.1 
Ending balance
358.4 $0.4 $10,236.8 $7,605.5 $3.0 $17,845.7 $107.4 $17,953.1 
Components of Accumulated Other Comprehensive Income, Net of Tax
The components of accumulated other comprehensive income (loss), net of tax, attributable to Intuitive Surgical, Inc. are as follows (in millions):
Three Months Ended June 30, 2026
 Gains on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation GainsEmployee Benefit PlansTotal
Beginning balance$13.9 $6.9 $17.5 $(21.8)$16.5 
Other comprehensive income (loss) before reclassifications(3.3)(18.7)4.7 (0.2)(17.5)
Amounts reclassified from accumulated other comprehensive income6.4 — — 0.4 6.8 
Net current-period other comprehensive income (loss)3.1 (18.7)4.7 0.2 (10.7)
Ending balance$17.0 $(11.8)$22.2 $(21.6)$5.8 
 Three Months Ended June 30, 2025
 Gains (Losses) on Hedge InstrumentsUnrealized Gains on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$0.6 $14.5 $(27.7)$(14.5)$(27.1)
Other comprehensive income (loss) before reclassifications(11.8)7.1 37.8 — 33.1 
Amounts reclassified from accumulated other comprehensive income (loss)(3.5)0.3 — 0.2 (3.0)
Net current-period other comprehensive income (loss)(15.3)7.4 37.8 0.2 30.1 
Ending balance$(14.7)$21.9 $10.1 $(14.3)$3.0 
Six Months Ended June 30, 2026
Gains on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation GainsEmployee Benefit PlansTotal
Beginning balance$4.0 $30.5 $29.5 $(20.7)$43.3 
Other comprehensive income (loss) before reclassifications3.1 (42.3)(7.3)(1.7)(48.2)
Amounts reclassified from accumulated other comprehensive income9.9 — — 0.8 10.7 
Net current-period other comprehensive income (loss)13.0 (42.3)(7.3)(0.9)(37.5)
Ending balance$17.0 $(11.8)$22.2 $(21.6)$5.8 
Six Months Ended June 30, 2025
Gains (Losses) on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$11.0 $(14.6)$(33.1)$(14.6)$(51.3)
Other comprehensive income (loss) before reclassifications(27.8)36.2 43.2 — 51.6 
Amounts reclassified from accumulated other comprehensive income2.1 0.3 — 0.3 2.7 
Net current-period other comprehensive income (loss)(25.7)36.5 43.2 0.3 54.3 
Ending balance$(14.7)$21.9 $10.1 $(14.3)$3.0 
Schedule Of Common Stock Repurchased
The following table summarizes stock repurchase activities (in millions, except per share amounts):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Shares repurchased0.9 0.3 3.2 0.3 
Average price per share$438.68 $517.70 $475.67 $517.70 
Value of shares repurchased$379.0 $181.0 $1,506.5 $181.0