v3.26.3
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 3,048.7 $ 2,505.1 $ 8,711.8 $ 7,198.5
Cost of revenue:        
Total cost of revenue 964.4 842.7 2,836.6 2,460.5
Gross profit 2,084.3 1,662.4 5,875.2 4,738.0
Operating expenses:        
Selling, general, and administrative 633.4 573.3 1,864.6 1,697.9
Antitrust class action litigation settlement 450.0 0.0 450.0 0.0
Research and development 408.3 329.4 1,140.8 958.9
Total operating expenses 1,491.7 902.7 3,455.4 2,656.8
Income from operations 592.6 759.7 2,419.8 2,081.2
Interest and other income, net 75.8 95.5 243.6 274.6
Income before taxes 668.4 855.2 2,663.4 2,355.8
Income tax expense 144.0 146.0 489.8 278.7
Net income 524.4 709.2 2,173.6 2,077.1
Less: net income attributable to noncontrolling interest in joint venture 1.6 4.8 11.2 15.9
Net income attributable to Intuitive Surgical, Inc. $ 522.8 $ 704.4 $ 2,162.4 $ 2,061.2
Net income per share attributable to Intuitive Surgical, Inc.:        
Basic (in dollars per share) $ 1.50 $ 1.98 $ 6.13 $ 5.77
Diluted (in dollars per share) $ 1.49 $ 1.95 $ 6.07 $ 5.67
Shares used in computing net income per share attributable to Intuitive Surgical, Inc.:        
Basic (in shares) 349.0 356.6 352.6 357.5
Diluted (in shares) 351.6 361.8 356.2 363.5
Other comprehensive income (loss), net of tax:        
Unrealized gains (losses) on hedge instruments $ (13.9) $ 12.5 $ (0.9) $ (13.2)
Unrealized gains (losses) on available-for-sale securities (34.0) 5.2 (76.3) 41.7
Foreign currency translation gains (losses) (17.8) 5.9 (23.1) 49.5
Employee benefit plan adjustments 0.3 0.1 (0.6) 0.4
Other comprehensive income (loss) (65.4) 23.7 (100.9) 78.4
Total comprehensive income 459.0 732.9 2,072.7 2,155.5
Less: comprehensive income attributable to noncontrolling interest 2.3 5.0 13.9 16.5
Total comprehensive income attributable to Intuitive Surgical, Inc. 456.7 727.9 2,058.8 2,139.0
Corporate Joint Venture        
Operating expenses:        
Less: net income attributable to noncontrolling interest in joint venture 1.6 4.8 11.2 15.9
Product        
Revenue:        
Total revenue 2,566.5 2,109.2 7,323.5 6,048.4
Cost of revenue:        
Total cost of revenue 797.7 699.4 2,354.7 2,056.3
Service        
Revenue:        
Total revenue 482.2 395.9 1,388.3 1,150.1
Cost of revenue:        
Total cost of revenue $ 166.7 $ 143.3 $ 481.9 $ 404.2