ISRG · Earnings call · 2026Q3T · Full report
Operating Income and Margins
INTUITIVE SURGICAL INC · 2026-10-20 · Importance 38 · Surprise 24 · From source text
Management said Intuitive Surgical’s expected operating margin range is 35%–40%, while the company is currently at 41%–42%. Management said the current margin level provides capacity to invest. Potential investments include innovation and differentiated capabilities for customers and patients, as well as initiatives to support faster growth and serve more patients. The company had not yet determined its operating expense plans and said it would provide guidance in January.
Key facts
- Q3 2026 GAAP net income was $523 million, or $1.49 per share, compared with $704 million, or $1.95 per share, in Q3 2025.
- INTUITIVE SURGICAL INC expects its operating margin to be between 35% and 40%.
- Q3 2026 non-GAAP earnings per share grew 25% to $3 per share.
- INTUITIVE SURGICAL INC stated its current operating margin was 41% or 42%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -6.3% | Q3 2026 GAAP net income was $523 million, or $1.49 per share, compared with $704 million, or $1.95 per share, in Q3 2025. |