ISRG · Earnings call · 2026Q3T · Full report

Capital Return Program

INTUITIVE SURGICAL INC · 2026-10-20 · Importance 44 · Surprise 24

Intuitive repurchased $2.9 billion of stock in Q3 2026 at an average price of $377 per share. The buybacks contributed to cash and investments declining from $8.6 billion at the end of Q2 to $6.8 billion at the end of Q3. Management attributed the reduction in Q3 non-GAAP other income, to $75 million from $83 million in Q2, partly to lower average cash balances following the repurchases.

Key facts

• Q3 2026 stock repurchases were $2.9 billion at an average price of $377 per share, and capital expenditures were $113 million.