ISRG · 10-Q · 2026Q2 · Full report

Macroeconomic Factors Impact

INTUITIVE SURGICAL INC · 2026-07-21 · Importance 29 · Surprise 24

Intuitive states that inflationary pressures, elevated interest rates, commodity-market disruptions, and geopolitical conflicts could materially adversely affect future results and liquidity. Elevated rates may impair suppliers’ ability to finance capacity investments and may worsen the financial health of sole- and single-sourced suppliers. Hospitals are facing higher operating costs and more expensive credit, creating liquidity pressure that could reduce da Vinci procedures and surgical-system placements. The Middle East conflict had not materially disrupted directly sourced components or customer deliveries as of the filing date, but the Company continues to monitor suppliers, commodities, and transportation routes.

Key facts

• We expect customers to continue to be cautious about their overall capital spending due to lower public funding of healthcare in certain geographic markets and other financial pressures. source
• Fluctuations in foreign currency exchange rates had a favorable impact on OUS total revenue of $4 million and $40 million for the three and six months ended June 30, 2026, respectively. source