ISRG · Earnings call · 2026Q3T · Full report

China Policy Price Reduction

INTUITIVE SURGICAL INC · 2026-10-20 · Importance 40 · Surprise 42

A China charge-code policy change will drive a significant reduction in Intuitive’s I&A prices in that market beginning in November 2026. Management is engaging with provincial governments on implementation and progressing through the green channel process for SP and da Vinci 5. The China reduction, together with other pricing actions, is expected to lower da Vinci I&A revenue per procedure by approximately 3% to 5% on a mix-constant basis once fully implemented; the China portion takes effect in Q4 2026.

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