The strong beat and sustained guidance reinforce confidence in Intuitive's growth trajectory; traders should monitor upcoming procedure volume trends and international adoption of da Vinci 5 as key drivers.
Price Chart
Executive Summary
Intuitive Surgical reported Q1 2026 revenue of $2.77B (23% YoY growth) and non-GAAP EPS of $2.50, beating consensus estimates of $2.11 by 18.7%. The beat was driven by strong da Vinci and Ion procedure growth and higher system placements, while management maintained full-year 2026 guidance for 13.5%-15.5% procedure growth.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $2.77B, up 23% YoY vs. $2.25B in Q1 2025
- Non-GAAP EPS: $2.50, beating consensus of $2.11 by 18.7%
- Da Vinci procedures grew 16%, Ion procedures grew 39%
- Company placed 431 da Vinci systems (232 were da Vinci 5), up from 367 in Q1 2025
- Repurchased 2.3M shares for $1.1B during the quarter
Financial Impact
Revenue beat by $150M ($2.77B actual vs. $2.62B consensus), EPS beat by $0.39
Risk Factors
- Tariff impacts could pressure gross margins if additional U.S. trade actions are implemented
- Forward-looking non-GAAP guidance excludes unpredictable items like legal outcomes and tax adjustments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3278489 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 11d ago | ANALYST-UPGRADE | $414.52 $422.06 | ▲ +1.82% | ▲ +1.72% | $426.70 (+2.94%) |
Sep 16, 2026 4w ago | Insider Cluster | $382.29 $398.30 | ▲ +4.19% | ▲ +1.62% | $426.70 (+11.62%) |
Aug 19, 2026 8w ago | Insider Cluster | $374.48 $367.07 | ▼ −1.98% | ▼ −3.09% | $426.70 (+13.94%) |
Aug 13, 2026 9w ago | Court Ruling | $401.27 $374.48 | ▲ +6.68% | ▲ +4.71% | $426.70 (−6.34%) |
Aug 12, 2026 9w ago | ANALYST-UPGRADE | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Aug 12, 2026 9w ago | Insider Cluster | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Aug 11, 2026 9w ago | Insider Cluster | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Jul 30, 2026 11w ago | ANALYST-DOWNGRADE | $352.97 $373.71 | ▲ +5.88% | ▲ +2.25% | $426.70 (+20.89%) |
Jul 16, 2026 13w ago | Press Release | $345.42 $332.02 | ▼ −3.88% | ▼ −3.19% | $426.70 (+23.53%) |
Jul 9, 2026 14w ago | ANALYST-UPGRADE | $411.55 $402.33 | ▼ −2.24% | ▼ −2.11% | $426.70 (+3.68%) |
US Market Status
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