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ISRG

Intuitive Surgical

NASDAQHealth CareMedical Instruments & SuppliesSnapshot 2026-05-08

$450.06-0.76%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, ISRG has a composite score of 20.7 and a signal label of "mild favorable." The score reflects a medium confidence level of 73.9. Key drivers include macro factors such as labor, rates, growth, and inflation, with notable scenarios indicating unfavorable guidance cuts and labor reversals, alongside favorable trends in the healthcare sector and potential guidance raises. This analysis is provisional.

Composite +21as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.04
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
469743760376
F2 · Value
expensive
Most expensive 10% of health care cohort
Why this rank
Price
$450.06
TTM EPS
$6.83
Earnings yield
1.5%
P/E (TTM)
65.9

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
fragile
Bottom 20% cash conversion in health care cohort
Why this rank
TTM NI ($M)
2,323
TTM CFO ($M)
2,415
CFO/NI
1.04
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital friendlyTop 20% capital-friendly in health care cohort
Earnings setup · pre-print positioning
forward-looking
bullish strong2 positive, 0 negative material events / 30dfor period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $2.48 → $2.50 (+0.9% / 30d). 15 raised, 6 cut, 25 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 9 maintained. 68% of analysts rate Buy.

Price target activity

3 PT revisions / 30d. Avg target 24.7% above current price.

Material events

2 positive, 0 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Increase da Vinci proceduresgrowthmixed65% progress
    4/21: CEO: 'Worldwide procedures (da Vinci and Ion combined) grew approximately 17% compared with the first quarter of 2025.'
    Why this status

    Stated in 2 of last 2 quarters. Worldwide procedures grew approximately 17% in 2026-Q1, indicating progress in increasing da Vinci procedures. However, the priority was previously marked as 'behind', suggesting ongoing challenges despite recent growth.

  2. 2.Maintain gross profit margincostbehind14% progress
    4/21: The Company expects non-GAAP gross profit margin to be within a range of 67.5% and 68.5% of revenue in 2026.
    Why this status

    Stated in 3 of last 3 quarters. The company has consistently guided for a non-GAAP gross profit margin of 67.5% to 68.5% for 2026. Despite this focus, the priority was previously marked as 'behind', indicating challenges in maintaining the margin within the desired range.

  3. 3.Control operating expense growthcostbehind14% progress
    4/21: The Company expects non-GAAP operating expense growth of 11% to 14% in 2026.
    Why this status

    Stated in 3 of last 3 quarters. The company has guided for non-GAAP operating expense growth of 11% to 14% for 2026. Despite this focus, the priority was previously marked as 'behind', suggesting difficulties in controlling expenses within the targeted range.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −24%, typical day ±1.0%
Why this risk level

Recent vol — 30d annualized 32%; 252d 29%.

Drawdown — Max 1y −24%. Bad day move −3%.

Beta to sector ETF (XLV) 0.70 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 52/100, drawdown 52/100, beta 70/100, earnings vol .

Calm + bullish setup — clean pre-earnings positioning pattern.

Sector regime
headwind-15.1%sector vs S&P 500, 60d

via XLV

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite62.3 / 100
Capital allocation59
Earnings discipline82
Margin discipline64
Balance sheet37
Guidance credibility
Post-call reaction64
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Increase da Vinci procedures

    GrowthNew since 2026-05-04

    Focus on expanding the number of da Vinci procedures performed globally.

    BehindMixed

    Stated in 2 of last 2 quarters. Worldwide procedures grew approximately 17% in 2026-Q1, indicating progress in increasing da Vinci procedures. However, the priority was previously marked as 'behind', suggesting ongoing challenges despite recent growth.

    65%
    CEO/CFO:CEO: 'Worldwide procedures (da Vinci and Ion combined) grew approximately 17% compared with the first quarter of 2025.'
    Press releaseSource dated 2026-04-21Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Press release

      Worldwide procedures (da Vinci and Ion combined) grew approximately 17%.

    • 2025-Q4Multiple sources

      Worldwide da Vinci procedure growth of approximately 17% to 17.5% in 2025.

  • #2

    Maintain gross profit margin

    CostNew since 2026-05-04

    Aim to sustain gross profit margins within the guided range for 2026.

    Behind

    Stated in 3 of last 3 quarters. The company has consistently guided for a non-GAAP gross profit margin of 67.5% to 68.5% for 2026. Despite this focus, the priority was previously marked as 'behind', indicating challenges in maintaining the margin within the desired range.

    14%
    CEO/CFO:The Company expects non-GAAP gross profit margin to be within a range of 67.5% and 68.5% of revenue in 2026.
    Multiple sourcesSource dated 2026-04-21Stated 3 of last 8 quartersFirst seen 2026-05-04
    Show history (3)
    • 2026-Q1Multiple sources

      Non-GAAP gross profit margin to be within a range of 67.5% and 68.5% of revenue in 2026.

    • 2025-Q4Multiple sources

      Non-GAAP gross profit margin to be within a range of 67% and 68% of revenue in 2026.

    • 2025-Q3Multiple sources

      Non-GAAP gross profit margin to be within a range of 67% and 67.5% of revenue in 2025.

  • #3

    Control operating expense growth

    CostNew since 2026-05-04

    Manage operating expense growth to remain within the guided range for 2026.

    Behind

    Stated in 3 of last 3 quarters. The company has guided for non-GAAP operating expense growth of 11% to 14% for 2026. Despite this focus, the priority was previously marked as 'behind', suggesting difficulties in controlling expenses within the targeted range.

    14%
    CEO/CFO:The Company expects non-GAAP operating expense growth of 11% to 14% in 2026.
    Multiple sourcesSource dated 2026-04-21Stated 3 of last 8 quartersFirst seen 2026-05-04
    Show history (3)
    • 2026-Q1Multiple sources

      Non-GAAP operating expense growth of 11% to 14% in 2026.

    • 2025-Q4Multiple sources

      Non-GAAP operating expense growth of 11% to 15% in 2026.

    • 2025-Q3Multiple sources

      Non-GAAP operating expense growth of 10% to 14% in 2025.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
3higher = cheaper

Looks more expensive than peers.

Compared to its own history
97higher = cheaper

Cheaper than its own typical valuation.

P/E
47.1x
EV/EBITDA
FCF yield
1.7%

P/E over the last 5 years

71 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
ISRG
Intuitive Surgical
+21fullmoderate
LLY
Lilly (Eli)
+21fullmoderate
JNJ
Johnson & Johnson
+18fulllow
ABBV
AbbVie
+12fairlow
UNH
UnitedHealth Group
+24fairelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.0%
A bad day (95th %ile)
A rough but not unusual down day.
-2.8%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-24.1%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If health_care sector trend rises from +0.06 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-21)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-04-21)-8.0 pts
  • If labor state reverses from -0.31 (negative) to +0.31 (positive)-6.8 pts
  • If health_care sector trend falls from +0.06 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-044d agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Approval of the Amendment and Restatement of the Amended and Restated 2010 Incentive Award Plan The Board of Directors (the “Board”) of Intuitive Surgical, Inc. (the “Company”) previously adopted, subject to stockholder approval, the amendment and restatement of the Company’s Amended and Restated 2010 Incentive Award Plan (the “Amended 2010 Plan”),…

    executive changeneutralscore 51
  2. 2026-04-2117d agoItem 2.02

    Results of Operations and Financial Condition. On April 21, 2026 , Intuitive Surgical, Inc. (“Intuitive”) issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished hereto as Exhibit 99.1. The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the…

    earnings preannouncementpositivescore 49
  3. 2026-05-044d agoItem 7.01

    Regulation FD Disclosure. On April 30, 2026, the Board increased the authorized amount available under the Company’s common stock repurchase program (the “Repurchase Program”) to an aggregate of $5.0 billion, including amounts remaining under previous authorization. The timing and total amount of repurchases will depend upon market conditions and may be made from time to time in open market purchases, privately negotiated transactions, accelerated share repurchase programs, issuer self-tender…

    capital allocationpositivescore 47
  4. 2025-12-184mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective January 1, 2026, Brian E. Miller, Ph.D., will transition from his role as Chief Digital Officer of Intuitive Surgical, Inc. (the “Company”) and begin serving as Head of Digital and AI Strategy of the Company. In this role, Dr. Miller will no longer be reporting directly to the Company’s Chief Executive Officer. SIGNATURES Pursuant to the…

    executive changeneutralscore 2
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-03 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.