ISRG · 8-K · 20261020PR000067
Liquidity and Cash Position
INTUITIVE SURGICAL INC · 2026-10-20 · Importance 28 · Surprise 42 · No source text
The company recognized $27.8 million of third-quarter tariff refunds, including $25.7 million in product cost and $2.1 million in service cost. The refunds produced a $22 million net-of-tax benefit, or $0.06 per diluted share, in both GAAP and non-GAAP net income. For the first nine months of 2026, tariff refunds totaled $63.7 million before tax and generated a $0.14 per diluted share net-of-tax benefit. The company’s 2026 outlook includes an estimated 0.9% of revenue adverse tariff impact on non-GAAP gross margin, excluding recognized refunds.
Key facts
- The Company ended Q3 2026 with $6.80 billion in cash, cash equivalents, and investments, a decrease of $1.83 billion during the quarter, primarily driven by cash used for repurchases of common stock and purchases of property, plant, and equipment, partially offset by cash generated from operations. source
- Cash, cash equivalents, and investments were $6,800.4 million as of September 30, 2026 and $9,034.1 million as of December 31, 2025. source
- Total assets were $19,349.1 million as of September 30, 2026 and total liabilities were $3,231.3 million. source
- Stockholders’ equity was $16,117.8 million as of September 30, 2026, down from $17,941.7 million as of December 31, 2025. source
- Inventory as of September 30, 2026 was $2,128.2 million, up from $1,840.0 million as of December 31, 2025. source
- Property, plant, and equipment, net was $5,676.2 million as of September 30, 2026, up from $5,342.4 million as of December 31, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -8.8% | The Company ended Q3 2026 with $6.80 billion in cash, cash equivalents, and investments, a decrease of $1.83 billion during the quarter,… |
| assets | negative | realized | -8.7% | Stockholders’ equity was $16,117.8 million as of September 30, 2026, down from $17,941.7 million as of December 31, 2025. |
| assets | positive | realized | +1.6% | Property, plant, and equipment, net was $5,676.2 million as of September 30, 2026, up from $5,342.4 million as of December 31, 2025. |
| assets | positive | realized | +1.4% | Inventory as of September 30, 2026 was $2,128.2 million, up from $1,840.0 million as of December 31, 2025. |
| assets | unclear | realized | — | Total assets were $19,349.1 million as of September 30, 2026 and total liabilities were $3,231.3 million. |
| liability | unclear | realized | — | Total assets were $19,349.1 million as of September 30, 2026 and total liabilities were $3,231.3 million. |