ISRG · 10-Q · 2026Q2 · Full report
Capital Allocation
INTUITIVE SURGICAL INC · 2026-07-21 · Importance 58 · Surprise 42 · In source text
Intuitive Surgical repurchased 0.9 million common shares for an aggregate $380 million during the three months ended June 30, 2026. Cash, cash equivalents, and investments declined by $410 million from December 31, 2025, primarily because of share repurchases and an acquisition. Operating cash generation partially offset the repurchase and acquisition outflows during the first six months of 2026.
Key facts
- During the three months ended June 30, 2026, we repurchased 0.9 million shares of our common stock with an aggregate value of $0.38 billion. source
- We expect amortization of intangible assets to be higher in the remainder of 2026 compared to 2025 in connection with the acquisition of a business in Q1 2026. source
- Interest and other income, net decreased primarily due to lower interest income on reduced average cash and investment balances driven by cash used for stock repurchases and the acquisition of a business during Q1 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | We expect amortization of intangible assets to be higher in the remainder of 2026 compared to 2025 in connection with the acquisition of a… |