Intuitive Announces Third Quarter Earnings
Intuitive reported Q3 2026 revenue of $3.05 billion, up 22% year-over-year, with non-GAAP EPS of $3.00 versus $2.40 a year ago, driven by ~15% procedure growth and 546 da Vinci system placements. Results included a one-time $450 million pre-tax charge to settle the previously disclosed da Vinci antitrust class action (no admission of liability), which cut GAAP EPS to $1.49; the settlement still requires court approval.
Key figures
- Eps
- 3
- Revenue
- 3048700000
- Guidance
- FY26 worldwide da Vinci procedure growth ~14-15% (closer to midpoint); non-GAAP gross margin 68.7-69.3% incl. ~0.9% tariff impact; non-GAAP opex growth 11-13%
- Revenue Yoy
- 22%
- Gaap eps
- 1.49
- Buyback amount
- 2940000000
- Buyback shares
- 7800000
- Gaap net income
- 522800000
- Ion installed base
- 1152
- Ion systems placed
- 56
- Non gaap net income
- 1054500000
- Cash and investments
- 6800400000
- Ion procedure growth
- 31%
- Da vinci installed base
- 12094
- Da vinci systems placed
- 546
- Da vinci procedure growth
- 14%
- Non gaap operating income
- 1269700000
- Worldwide procedure growth
- 15%
- Litigation settlement charge
- 450000000
AI analysis
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