ISRG · 10-Q · 2026Q2 · Full report

China Governance Campaign

INTUITIVE SURGICAL INC · 2026-07-21 · Importance 37 · Surprise 42

System demand in China was adversely affected by competition from domestic robotic-assisted surgical manufacturers and a Chinese central-government focus on systematic governance. The healthcare-targeted campaign began in July 2023 and has increased scrutiny of medical institutions initiating tenders, with some tenders canceled or delayed without a stated timeline. During the second quarter of 2026, these competitive dynamics, industrial-policy measures, and the campaign resulted in fewer Chinese placements than anticipated, with the future impact remaining uncertain.

Key facts

• In Q2 2026, competitive dynamics, industrial policy measures, and the China governance campaign contributed to fewer systems being placed in China than anticipated. source