ISRG Intuitive Surgical, Inc.

BULLISH Impact: 8/10 PRESS-RELEASE
Horizon immediate Filed Apr 21, 2026 Processed 1mo ago Wire GlobeNewswire
Press release: earnings
Latest settled — T+20d ⚠ clustered
ISRG ▼ -8.65% at T+20d
LONG call ✗ call lost -8.65% · α vs SPY -11.82% · entry $483.42 → $441.58
Next anchor: T+60d in 5w
Currently $411.06 · -14.97% from $483.42 entry
Entry anchored
Apr 21, 04:36 PM ET
via Databento tick
T+1d
-1.03%
call -1.03% · α -0.63%
$478.45
settled 7w ago
T+5d
-6.60%
call -6.60% · α -6.65%
$451.52
settled 7w ago
T+20d
-8.65%
call -8.65% · α -11.82%
$441.58
settled 25d ago
T+60d
call — · α —
in 5w

Price Chart

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Executive Summary

Intuitive Surgical reported Q1 2026 revenue of $2.77B (23% YoY growth) and non-GAAP EPS of $2.50, beating consensus estimates of $2.11 by 18.7%. The beat was driven by strong da Vinci and Ion procedure growth and higher system placements, while management maintained full-year 2026 guidance for 13.5%-15.5% procedure growth.

Key Financial Metrics

Gross Margin
66.1%

Actionable Insight

The strong beat and sustained guidance reinforce confidence in Intuitive's growth trajectory; traders should monitor upcoming procedure volume trends and international adoption of da Vinci 5 as key drivers.

Key Facts

  • Q1 2026 revenue: $2.77B, up 23% YoY vs. $2.25B in Q1 2025
  • Non-GAAP EPS: $2.50, beating consensus of $2.11 by 18.7%
  • Da Vinci procedures grew 16%, Ion procedures grew 39%
  • Company placed 431 da Vinci systems (232 were da Vinci 5), up from 367 in Q1 2025
  • Repurchased 2.3M shares for $1.1B during the quarter

Financial Impact

Revenue beat by $150M ($2.77B actual vs. $2.62B consensus), EPS beat by $0.39

revenueepsoperating_incomecash_flow

Risk Factors

  • Tariff impacts could pressure gross margins if additional U.S. trade actions are implemented
  • Forward-looking non-GAAP guidance excludes unpredictable items like legal outcomes and tax adjustments

Market Snapshot

Exchange
Nasdaq
Sector
Orthopedic, Prosthetic & Surgical Appliances & Supplies
Analyst Consensus
71% bullish (41 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3278489
16 reports for ISRG
Performance horizon
50% Hit rate 2 of 4 directional calls best @ T+60▲ +15.66%Mar 3, 2026
Filters
Rows
Reports for ISRG — sortable, filterable
Type Now
Jun 12, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
$411.09 awaiting T+5awaiting T+5$411.06 (−0.01%)
May 31, 2026
12d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$491.53 $477.67▼ −2.82%▼ −0.63%$411.06 (−16.37%)
May 28, 2026
15d ago
8-K
NEUTRAL ★ 2/10
$423.73 $421.91▼ −0.43%▲ +2.09%$411.06 (−2.99%)
May 1, 2026
6w ago
ANALYST-UPGRADE
MIXED ★ 1/10
$491.53 $477.67▼ −2.82%▼ −0.63%$411.06 (−16.37%)
Apr 21, 2026
7w ago
Press Release
BULLISH ★ 8/10
$483.42 $451.52▼ −6.60%▼ −6.65%$411.06 (−14.97%)
Apr 21, 2026
7w ago
8-K
BULLISH ★ 8/10
$483.42 $451.52▼ −6.60%▼ −6.65%$411.06 (−14.97%)
Mar 13, 2026
13w ago
DEFA14A
NEUTRAL ★ 3/10
$483.23 $476.73▼ −1.34%▲ +0.70%$411.06 (−14.93%)
Mar 3, 2026
14w ago
Insider Cluster
BEARISH ★ 5/10
$496.27 $485.63▲ +2.14%▲ +1.67%$411.06 (+17.17%)
Feb 27, 2026
15w ago
Insider Cluster
NEUTRAL ★ 3/10
$502.05 $490.10▼ −2.38%▼ −0.40%$411.06 (−18.12%)
Feb 27, 2026
15w ago
Insider Cluster
NEUTRAL ★ 4/10
$502.05 $490.10▼ −2.38%▼ −0.40%$411.06 (−18.12%)
Showing 10 of 16

US Market Status

Market Closed — Opens Mon (49h 15m)

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