Intuitive Surgical Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- Apr 22, 2026
Revenue$2.77B
+23% year over year
Gross profit$1.83B
66% margin
Operating profit$0.86B
31% margin
Net profit$0.82B
30% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.77 | 100% | +23% |
| Instruments & accessories | 1.69 | 61% | +23% |
| Systems | 0.65 | 23% | +24% |
| Services | 0.43 | 16% | +19% |
| Cost of revenue | −0.94 | 34% | |
| Gross profit | 1.83 | 66% margin | +1pp |
| R&D | −0.36 | 13% | −1pp |
| SG&A | −0.61 | 22% | −3pp |
| Operating profit | 0.86 | 31% margin | +5pp |
| Other income, net | 0.08 | ||
| Tax | −0.11 | ||
| Net profit | 0.82 | 30% margin | −1pp |
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