ISRG on Nasdaq

Intuitive Surgical

Logo: Intuitive Surgical, Public domain, via Wikimedia Commons6

American biotechnology company

Intuitive Surgical, Inc. is an American biotechnology company that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System.3 From Wikipedia, CC BY-SA 4.0

$426.51 down 1.35 (0.32%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

1995Founded1

Compare with Zimmer Biomet Holdings, Edwards Lifesciences or Steris, or pick any stock.

  • TickerISRG on Nasdaq1
  • IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
  • HeadquartersSunnyvale1
  • Websitewww.intuitive.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address1020 Kifer Road, Sunnyvale, Ca 940867
  • Filer categoryLarge accelerated filer7
  • LEI54930052SRG0117107974
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 25605424
Laproscopic Surgery Robot
Photo: Nimur at English Wikipedia, CC BY-SA 3.0, via Wikimedia Commons9

Intuitive Surgical, Inc. is an American biotechnology company that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System. The company is part of the Nasdaq-100, S&P 100 and S&P 500. As of 31 December 2021, Intuitive Surgical had an installed base of 6,730 da Vinci Surgical Systems, including 4,139 in the U.S., 1,199 in Europe, 1,050 in Asia, and 342 in the rest of the world.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

66.0%Gross margin10
29.3%Operating margin10
28.4%Net margin10
20.5%Revenue growth, 202510
16.0%Return on equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Instruments and Accessories brought in 60% of the revenue Intuitive Surgical broke down this way in fiscal 2025.

  1. Instruments and Accessories$6.0B1060%up 19% from 2024
  2. Systems$2.5B1025%up 26% from 2024
  3. Service$1.6B1016%up 20% from 2024
Products and services by year
Products and services202320242025
Instruments and Accessories$4.3B$5.1B$6.0B
Systems$1.7B$2.0B$2.5B
Service$1.2B$1.3B$1.6B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$3.4B
  • Research and development13¢$1.3B
  • Selling, general and admin23¢$2.4B
  • Income tax4¢$434.8M
  • Profit27¢$2.9B

Out of $10.1B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks76¢$2.3B
  • Kept or used elsewhere24¢$735.2M

Out of $3.0B of cash from operations.10

Financial statements

Revenue1112131410$10.1B in 2025+125% since 2019
0$5.0B$10.0B$15.0B2019: $4.5B$4.5B20192020: $4.4B$4.4B2020−3%2021: $5.7B$5.7B2021+31%2022: $6.2B$6.2B2022+9%2023: $7.1B$7.1B2023+14%2024: $8.4B$8.4B2024+17%2025: $10.1B$10.1B2025+21%
Gross profit1112131410$6.6B in 2025+114% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $3.1B$3.1B20192020: $2.9B$2.9B2020−8%2021: $4.0B$4.0B2021+38%2022: $4.2B$4.2B2022+6%2023: $4.7B$4.7B2023+13%2024: $5.6B$5.6B2024+19%2025: $6.6B$6.6B2025+18%
Operating income1112131410$2.9B in 2025+114% since 2019
0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192020: $1.0B$1.0B2020−24%2021: $1.8B$1.8B2021+73%2022: $1.6B$1.6B2022−13%2023: $1.8B$1.8B2023+12%2024: $2.3B$2.3B2024+33%2025: $2.9B$2.9B2025+25%
Net income1112131410$2.9B in 2025+107% since 2019
0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192020: $1.1B$1.1B2020−23%2021: $1.7B$1.7B2021+61%2022: $1.3B$1.3B2022−22%2023: $1.8B$1.8B2023+36%2024: $2.3B$2.3B2024+29%2025: $2.9B$2.9B2025+23%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Total revenue$10.1B$8.4B$7.1B
Total cost of revenue$3.4B$2.7B$2.4B
Gross profit$6.6B$5.6B$4.7B
Selling, general and administrative$2.4B$2.1B$2.0B
Research and development$1.3B$1.1B$998.8M
Total operating expenses$3.7B$3.3B$3.0B
Income from operations$2.9B$2.3B$1.8B
Interest and other income, net$365.9M$324.9M$192.1M
Income before taxes$3.3B$2.7B$2.0B
Income tax expense$434.8M$336.3M$141.6M
Net income$2.9B$2.3B$1.8B
Less: net income attributable to noncontrolling interest in joint venture$20.6M$14.9M$19.3M
Net income attributable to Intuitive Surgical, Inc.$2.9B$2.3B$1.8B
Basic (usd per share)$8.00$6.54$5.12
Diluted (usd per share)$7.87$6.42$5.03
Basic (shares)356.9M shares355.2M shares351.2M shares
Diluted (shares)362.7M shares362.0M shares357.4M shares

Compare Intuitive Surgical with another company

The story

The research that eventually led to the development of the da Vinci Surgical System was performed in the late 1980s by Ajit Shah and Gary Guthart at research institute SRI International. In 1990, SRI received funding from the National Institutes of Health. SRI developed a prototype robotic surgical system that caught the interest of the Defense Advanced Research Projects Agency (DARPA), which was interested in the system for its potential to allow surgeons to operate remotely on soldiers wounded on the battlefield.

In 1994, Dr. Frederic Moll became interested in the SRI System, as the device was known at the time. At the time, Moll was employed by Guidant. He tried to interest Guidant in backing it but to no avail. In 1995 Moll was introduced to John Freund who had recently left Acuson Corporation. Freund negotiated an option to acquire SRI's intellectual property and incorporated a new company that he named Intuitive Surgical Devices, Inc.

At that point Freund, Moll, and Robert Younge (also from Acuson) wrote the business plan for the company and raised its initial venture capital. Early investors included the Mayfield Fund, Sierra Ventures, and Morgan Stanley.

The company refined the SRI System into a prototype known originally as "Lenny" (after Leonardo da Vinci), which was ready for testing in 1997. As the company's prototypes became more advanced, they were named using da Vinci themes. One was named "Leonardo", and another was "Mona". The final version of the prototype was nicknamed the da Vinci Surgical System, and the name stuck when the system was eventually commercialized. After further testing, Intuitive Surgical began marketing this system in Europe in 1999, while awaiting FDA approval in the United States.

The company raised $46 million in an initial public offering in 2000. That same year, the FDA approved use of the da Vinci Surgical System for general laparoscopic surgery, which can be used to address gallbladder disease and gastroesophageal disease. In 2001, the FDA approved use of the system for prostate surgery. The FDA has subsequently approved the system for thoracoscopic surgery, cardiac procedures performed with adjunctive incisions, and gynecologic procedures.

Shortly before going public, Intuitive Surgical was sued for patent infringement by Computer Motion, Inc, its chief rival. Computer Motion had actually gotten into the robotic surgery field earlier than Intuitive Surgical, with its own system, the ZEUS Robotic Surgical System. Although the ZEUS system was approved in Europe, the U.S. Food and Drug Administration had not yet approved it for any procedure at the time that the FDA first approved the da Vinci system. The uncertainty created by the litigation between the companies was a drag on each company's growth. In 2003, Intuitive Surgical and Computer Motion agreed to merge, thus ending the litigation between them. The ZEUS system was ultimately phased out in favor of the da Vinci system. Computer Motion was led by Chairman Robert Duggan from 1990 until 2003, when the two companies merged.

Before the buyout of Computer Motion, the stock of Intuitive was selling at around $14 per share, adjusted for stock splits. After the merger, the stock price rose significantly (and by 2015 it was at about $500), primarily because of the growth in systems sold (60 in 2002 compared with 431 in 2014) and the number of surgical procedures performed (less than 1,000 in 2002 compared with 540,000 in 2014).

From Wikipedia’s article on Intuitive Surgical, shared under CC BY-SA 4.0.8

Leadership

Who has led Intuitive Surgical, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (43)

Products and brands

  • Da Vinci Surgical System

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Jul 11, 2025New chief executive David J. Rosa becomes CEO18
  2. Feb 17, 2010New chief executive Gary S. Guthart becomes CEO19
  3. Feb 9, 2006New chief executive Lonnie M. Smith becomes CEO20
  4. 1995Founded Founded1

Filings

737 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 438 insider forms, 11 large holders, 226 other. The latest 20:

  1. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 16, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 15, 2026144 EDGAR
  5. Sep 11, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 9, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 8, 2026144 EDGAR
  8. Aug 21, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 12, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 11, 2026144 EDGAR
  12. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 10, 2026144 EDGAR
  14. Aug 10, 2026144 EDGAR
  15. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 31, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 27, 20268-K EDGAR
  19. Jul 21, 2026S-8 EDGAR
  20. Jul 21, 202610-Q EDGAR

The 737 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

243 open-market trades by officers, directors and large owners since October 2021: 0 buys and 243 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Widman FredrikVP Corporate ControllerSale1,089$374.44$407.8KForm 4
Sep 11, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale25$365.79$9.1KForm 4
Sep 10, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale23$347.66$8.0KForm 4
Sep 9, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale23$350.20$8.1KForm 4
Sep 8, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale46$361.23$16.6KForm 4
Aug 21, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale77$375.57$28.9KForm 4
Aug 20, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale77$396.37$30.5KForm 4
Aug 19, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale77$394.26$30.4KForm 4
Aug 18, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale77$394.00$30.3KForm 4
Aug 17, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale77$390.67$30.1KForm 4
Aug 11, 2026Ladd Amy LDirectorSale72$393.10$28.3KForm 4
Aug 11, 2026GUTHART GARY SDirectorSale10,000$400.00$4.0MForm 4
Aug 10, 2026Ladd Amy LDirectorSale400$379.00$151.6KForm 4
Aug 10, 2026LOEB GARYEVP & Chief Legal and ComplianSale400$379.00$151.6KForm 4
Jul 31, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale28$351.00$9.8KForm 4
Jul 30, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale28$346.83$9.7KForm 4
Jul 29, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale28$360.21$10.1KForm 4
Jul 28, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale28$365.58$10.2KForm 4
Jul 27, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale28$344.00$9.6KForm 4
Jun 12, 2026Brosius MarkEVP & Chief Mfg and Supply ChaSale25$414.13$10.4KForm 4

All 243 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.30,024,648$11.9B0.2%−51,257
Vanguard Capital Management LLC23,131,099$9.2B0.2%+51,609
State Street Corp16,063,040$6.4B0.2%+216,067
Invesco Ltd.11,843,563$4.7B0.4%+653,078
Geode Capital Management, LLC8,534,767$3.4B0.2%+67,916
Capital World Investors7,742,681$3.1B0.4%−305,329
Vanguard Portfolio Management LLC7,243,264$2.9B0.1%+9,293
Morgan Stanley6,561,322$2.6B0.1%+502,482
Norges Bank4,954,874$2.0B0.2%New
Jpmorgan Chase & Co4,231,033$1.7B0.1%−362,861
Fmr LLC4,251,130$1.7B0.1%−1,226,104
Alliancebernstein L.P.3,632,766$1.7B0.6%−179,897
Fisher Asset Management, LLC3,918,840$1.6B0.5%+65,900
Wellington Management Group Llp3,802,003$1.5B0.3%−157,287
Arrowstreet Capital, Limited Partnership3,744,497$1.5B0.7%+1,638,953
Jennison Associates LLC3,669,211$1.5B0.9%+628,201
Northern Trust Corp3,512,996$1.4B0.2%+8,724
Bank Of America Corp /de/3,403,759$1.4B0.1%−213,214
Bank of New York Mellon Corp3,358,863$1.3B0.2%−191,512
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC3,268,066$1.3B0.2%−48,192
Goldman Sachs Group Inc2,891,877$1.2B0.1%+440,608
Charles Schwab Investment Management Inc2,802,568$1.1B0.1%+178,866
Nuveen, LLC2,696,634$1.1B0.3%+75,211
Amundi2,685,598$1.1B0.3%+257,242
Baillie Gifford & Co2,524,427$1.0B0.9%−43,138

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

55 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−27.2%Report
Jan 30, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−26.7%Report
Dec 29, 2025Markwayne Mullin, SenateBuy$15,001 - $50,000−37.8%Report
Dec 10, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−35.3%Report
Nov 18, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−38.7%Report
Sep 24, 2025Markwayne Mullin, SenateBuy$50,001 - $100,000−20.4%Report
Sep 3, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+22.9%Report
Jul 16, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+40.2%Report
Jul 10, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−42.0%Report
Jun 9, 2025Lisa C. McClainRepublican, HousePartial sale$1,001 - $15,000+47.4%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+56.2%Report
May 8, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−57.1%Report
Apr 21, 2025Bruce WestermanRepublican, HouseSale$1,001 - $15,000+58.8%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+58.9%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+60.7%Report
Apr 7, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+60.7%Report
Mar 3, 2025Bruce WestermanRepublican, HouseBuy$1,001 - $15,000−56.7%Report
Jan 30, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−53.8%Report
Jan 29, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+53.5%Report
Jan 21, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+57.2%Report
Jan 10, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+54.8%Report
Dec 23, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+48.6%Report
Dec 11, 2024Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−48.3%Report
Jul 22, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−46.4%Report
Jul 17, 2024Greg LandsmanDemocratic, HouseSale$15,001 - $50,000+38.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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