Intuitive Surgical Q3 FY25: where the revenue came from and where it went
The whole income statement of Intuitive Surgical for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Revenue$2.51B
+23% year over year
Gross profit$1.66B
66% margin
Operating profit$0.76B
30% margin
Net profit$0.70B
28% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.51 | 100% | +23% |
| Instruments & accessories | 1.52 | 61% | +20% |
| Systems | 0.59 | 23% | +33% |
| Services | 0.40 | 16% | +20% |
| Cost of revenue | −0.84 | 34% | |
| Gross profit | 1.66 | 66% margin | −1pp |
| R&D | −0.33 | 13% | −1pp |
| SG&A | −0.57 | 23% | −2pp |
| Operating profit | 0.76 | 30% margin | +2pp |
| Other income, net | 0.09 | ||
| Tax | −0.15 | ||
| Net profit | 0.70 | 28% margin | +0pp |
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