What the report found
The report's headline is "Revenue up 21.7% to $3.05B." It compares Intuitive Surgical's as-filed results for 3Q26 with the same quarter a year earlier, 3Q25. The company published its results on Oct 20, 2026.
Revenue reached $3.05B, up 21.7% from $2.51B. Systems revenue grew faster than the total, rising 30.3% to $769.1M from $590.4M. The report quotes management attributing the higher systems revenue to increased da Vinci system placements and a higher lease installed base compared with the third quarter of 2025. Instruments and Accessories revenue rose 18.3% to $1.80B from $1.52B.
Profit moved the other way. Operating income fell 22.0% to $592.6M from $759.7M, and operating margin dropped 10.9 percentage points, from 30.3% to 19.4%. The report does not give a reason for the decline, so this page does not either.
Reported financial summary
| Metric | 3Q25 | 3Q26 |
|---|---|---|
| Revenue | $2.51B | $3.05B |
| Operating income | $759.7M | $592.6M |
| Gross profit | $1.66B | Not available |
| Net income | Not available | Not available |
| Operating margin | 30.3% | 19.4% |
| Diluted EPS | Not available | Not available |
From Table 1 of the report. Source: SEC EDGAR; code calculations, as of 31 Oct 2026.
Quan's view: Neutral
Quan's view (AI-generated): Neutral. The report summarizes it in three points: revenue grew 21.7% to $3.05B, operating profit fell 22.0% to $592.6M, and operating margin shrank by 10.9 percentage points to 19.4%.
What would change the view: in the report's words, "New reported results and verified forward evidence would change the comparison."
This is the model's summary of the reported numbers. It is not a recommendation to buy, sell or hold the stock.
Results vs. expectations
The report did not verify forward estimates or management guidance in the reported materials. It also notes that the absence of verified guidance does not show whether the company commented on upcoming periods. The report also lists no verified consensus revenue or EPS for the next report.
What the report could not verify
Each Quan report lists the data it could not confirm instead of filling the gap. In this review:
- Gross profit for 3Q26 and net income for 3Q25, 2Q26 and 3Q26 are shown as not available, because the earnings release and the XBRL data did not match and no reconciled value was available.
- Diluted EPS for 4Q24, 3Q25, 4Q25, 2Q26 and 3Q26 was not verified. Annual EPS is not additive, and the release and XBRL values did not reconcile.
- Gross margin for 3Q26 was missing its numerator or revenue.
- Consensus EPS and consensus revenue for the next report had no verified value.
- No explicit forward guidance was verified for 3Q26.
- Segment operating income is not reported by segment.
- Quan removed 1 statement it could not verify against the sources.
Sources listed in the report
- SEC EDGAR XBRL, filing 0001035267-25-000209, filed 22 Oct 2025. data.sec.gov company facts
- SEC EDGAR XBRL, filing 0001035267-26-000010, filed 3 Feb 2026.
- SEC EDGAR XBRL, filing 0001035267-26-000032, filed 22 Apr 2026.
- SEC EDGAR XBRL, filing 0001035267-26-000058, filed 21 Jul 2026.
- SEC earnings release table, filing 0001035267-26-000067, filed 20 Oct 2026, exhibit 99.1. 3Q26 earnings release
- SEC EDGAR XBRL, filing 0001035267-26-000071, filed 21 Oct 2026.
- SEC dimensional XBRL, filing 0001035267-26-000071, filed 21 Oct 2026. Quarterly report for the period ended Sep 30, 2026
- Yahoo Finance chart: quote and price history, as of 31 Oct 2026.
All sources are listed as of 31 Oct 2026. The PDF includes the full source URLs and a note on methods.
Read the full report
Disclaimer. This report was AI-generated by Quan 3.5 from SEC filings and market data as of 31 Oct 2026. It may contain errors, and the figures may be incomplete or out of date. It is educational information and not investment advice. StockUp has no relationship with the issuer.