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Intuitive Surgical vs Edwards Lifesciences: ISRG and EW compared
Intuitive Surgical is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $1.7B for Edwards Lifesciences (Q3 2026). Intuitive Surgical is growing faster (+22% against +10% a year earlier). Intuitive Surgical is more profitable, with an operating margin of 19.4% against 17.4%.
Where the money goes: ISRG and EW
Intuitive Surgical (ISRG) · Q3 2026
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.
Edwards Lifesciences (EW) · Q3 2026
Edwards Lifesciences, Q3 2026: revenue $1.7B (+10% year over year), operating margin 17.4%, net earnings $308M, operating cash flow $570M. The chart follows the revenue to costs, profit and cash.
| Intuitive Surgical (ISRG) | Edwards Lifesciences (EW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.0B | $1.7B |
| Revenue growth, Y/Y | +22% | +10% |
| Gross margin | 68.4% | 78.5% |
| Operating margin | 19.4% | 17.4% |
| Net earnings | $523M | $308M |
| Net margin | 17.1% | 17.9% |
| Operating cash flow | $1.2B | $570M |
| Free cash flow | $1.1B | $507M |
| Market value | $159.2B | $58.6B |
| P/E | 54.9× | 57.3× |
| Analysts’ mean target | $482.67 | $111.64 |
Where the revenue comes from
Intuitive Surgical
- Product: $2.6B (84%)
- Service: $482M (16%)
Edwards Lifesciences
- Transcatheter Aortic Valve Replacement: $1.2B (72%)
- Surgical: $264M (15%)
- Transcatheter Mitral and Tricuspid Therapies: $210M (12%)
Questions
Which is bigger, Intuitive Surgical or Edwards Lifesciences?
Intuitive Surgical is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $1.7B for Edwards Lifesciences (Q3 2026).
Is Intuitive Surgical or Edwards Lifesciences growing faster?
Intuitive Surgical is growing faster (+22% against +10% a year earlier).
Which is more profitable, Intuitive Surgical or Edwards Lifesciences?
Intuitive Surgical is more profitable, with an operating margin of 19.4% against 17.4%.
More: Intuitive Surgical earnings · how Intuitive Surgical makes money · Edwards Lifesciences earnings · how Edwards Lifesciences makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.