Quarterly ResultApr 21, 2026, 04:40 PM
Intuitive Q1 Revenue Jumps 23% to $2.77B; Procedures Up 17%
AI Summary
Intuitive Surgical reported strong first-quarter 2026 financial results, with revenue increasing 23% to $2.77 billion, driven by significant growth in procedure volumes and system placements. Worldwide procedures grew 17%, with da Vinci procedures up 16% and Ion procedures up 39%. The company also saw a substantial rise in GAAP net income and diluted EPS, alongside a $1.1 billion share repurchase program.
Key Highlights
- Q1 2026 revenue increased 23% to $2.77 billion.
- Worldwide procedures grew 17%; da Vinci procedures up 16%, Ion up 39%.
- GAAP diluted EPS rose to $2.28 from $1.92 year-over-year.
- Company placed 431 da Vinci systems, including 232 da Vinci 5 systems.
- Repurchased 2.3 million shares for $1.1 billion in Q1 2026.