ISRG · News · 20261021N

Operating Income and Margins

INTUITIVE SURGICAL INC · 2026-10-21 · Importance 78 · Surprise 74

Q3 2026 operating margin declined to 19.4% from 30.3% in the year-ago quarter. The margin contraction was associated with the $450 million settlement charge and related litigation costs. The decline occurred despite 21.7% revenue growth to $3.05 billion and adjusted EPS growth to $3.00. The company maintained a projected non-GAAP gross-margin outlook while pricing actions are expected to create additional near-term revenue-per-procedure pressure.

Key facts

• Intuitive reported third-quarter 2026 adjusted earnings per share (EPS) of $3.00, which beat estimates by 13.6%. source
• Operating margin was 19.4% in Q3, down from 30.3% in the same quarter last year. source