Filing Flows › Intuitive Surgical (ISRG) › Q3 2026
Intuitive Surgical (ISRG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
Intuitive Surgical (ISRG) reported revenue of $3.0B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +5% from the quarter before. Operating margin was 19.4%, net earnings $523M (17.1% of revenue).
Intuitive Surgical, Q3 2026: revenue $3.0B (+22% year over year), operating margin 19.4%, net earnings $523M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +5% | +22% |
| Gross profit | $2.1B | +6% | +25% |
| Operating profit | $593M | -39% | -22% |
| Net earnings | $523M | -36% | -26% |
| Operating cash flow | $1.2B | +15% | +46% |
| Free cash flow | $1.1B | +17% | +51% |
What changed
Revenue was $3.0B in Q3 2026, up 22% year over year and up 5% from the previous quarter. Instruments and accessories was the largest line at 59% of revenue. Instruments and accessories added $0.28B year over year (up 18%), 51% of the total change.
Gross margin was 68.4%, up 2.0 points from Q3 2025. Operating profit was $0.59B, a 19.4% margin (down 10.9 points year over year). Operating profit fell $0.17B even though revenue rose $0.54B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 65% against revenue growth of 22%. The fastest-growing cost line was Research & development (+24%). Net earnings were $0.52B, down 26% year over year. The effective tax rate was 21.5%.
Operating cash flow was $1.2B (up 46% year over year), 233% of net earnings. Non-cash charges added back $0.21B of share-based compensation. Working capital and other items added $0.49B. Capital expenditures of $0.11B left free cash flow of $1.1B.
Questions
What was Intuitive Surgical's revenue in the third quarter 2026?
Intuitive Surgical (ISRG) reported revenue of $3.0B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +5% from the quarter before.
Was Intuitive Surgical profitable in the third quarter 2026?
Operating profit was $593M (19.4% of revenue) and net earnings $523M.
Source: Intuitive Surgical 10-Q on SEC EDGAR.