From The Motley Fool · Motley Fool Transcribing · · 2m
Intuitive Surgical Q3 2026 Earnings Results
Intuitive Surgical reports 22% revenue growth and 15% procedure expansion in Q3 2026.
In brief
Intuitive Surgical reports 22% revenue growth and 15% procedure expansion in Q3 2026. Intuitive Surgical reported $3.05 billion revenue with 15% procedure growth and $3.00 non-GAAP EPS for Q3 2026. Originally reported by The Motley Fool.
Q3 2026 Results
Intuitive Surgical reported total revenue of $3.05 billion, up 22% from Q3 2025.
Non-GAAP EPS
Non-GAAP EPS reached $3.00, a 25% year-over-year increase.
Procedure Growth
Total procedure growth reached 15% with 14% da Vinci and 31% Ion growth.
U.S. Da Vinci Growth
U.S. da Vinci procedures grew 10% year-over-year, consistent with expectations.
International Da Vinci Growth
International da Vinci procedures grew 20% year-over-year, led by Europe and Japan.
System Placements
546 da Vinci systems placed, up 28% from 427 units in Q3 2025.
Da Vinci 5 Placements
315 da Vinci 5 systems placed, representing 58% of total da Vinci placements.
Installed Base
13,246 total systems installed, up 13% year-over-year.
I&A Revenue
I&A revenue grew to $1.80 billion, up 18% year-over-year.
I&A Revenue Per Procedure
I&A revenue per procedure increased to $1,860 from $1,800 last year.
Pricing Actions
3% to 5% reduction in I&A revenue per procedure expected from pricing actions.
Operating Margin
Non-GAAP operating margin reached 42%, up from 41% excluding tariff refunds.
Gross Margin
Non-GAAP gross margin at 69.9%, down from 68.9% excluding tariff refunds.
SP Procedure Growth
SP procedures grew 55% globally, driven by 50% U.S. growth and 40% Korea growth.
Ion Placements
56 Ion systems placed, up from 50 systems in Q3 2025.
Share Repurchases
Share repurchases of $2.94 billion at $377 per share.
Procedure Growth Guidance
Full year 2026 procedure growth guidance narrowed to 14% to 15%.
Litigation Settlement
Agreed $450 million settlement for antitrust class action litigation.
Ambulatory Surgery Centers
18 systems installed at U.S. ambulatory surgery centers.
Cardiac Procedure Opportunity
300,000 to 400,000 annual cardiac procedures expected.
The one thing
Intuitive Surgical reported $3.05 billion revenue with 15% procedure growth and $3.00 non-GAAP EPS for Q3 2026.
