Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Paying user area
Try for free
Intuitive Surgical Inc. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Intuitive Surgical Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Intuitive Surgical Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Revenue exhibits a consistent and strong upward trajectory over the analyzed period, growing from 1.29 billion US dollars in March 2021 to 2.89 billion US dollars by June 2026. This growth is driven by simultaneous increases in both product and service streams, with product revenue remaining the primary contributor to total top-line performance.
- Revenue Composition and Growth
- Product revenue grew from 1.07 billion US dollars in March 2021 to 2.42 billion US dollars in June 2026, reflecting a significant expansion in market penetration or pricing power. Service revenue demonstrated a similar growth pattern, increasing from 217.5 million US dollars to 472.4 million US dollars over the same period. The steady rise in service revenue suggests a growing installed base of systems requiring ongoing maintenance and support.
- Gross Profitability and Cost of Revenue
- Gross profit increased steadily from 902.6 million US dollars in March 2021 to 1.96 billion US dollars in June 2026. While the cost of revenue rose in absolute terms to support higher sales volumes, the scaling of gross profit indicates that the company has maintained relatively stable gross margins throughout the period.
- Operating Expense Trends
- Operating expenses have trended upward, though they have grown at a slower pace than total revenue. Selling, general, and administrative (SG&A) expenses rose from 326 million US dollars to 617.9 million US dollars. Research and development (R&D) investment saw a consistent increase, starting at 159.8 million US dollars in March 2021 and reaching 370.6 million US dollars by June 2026, indicating a sustained commitment to product innovation.
- Operating Income and Operating Leverage
- Income from operations shows a significant long-term increase, rising from 416.8 million US dollars in March 2021 to 971.9 million US dollars in June 2026. The fact that operating income grew more rapidly than operating expenses suggests the presence of operating leverage, where increased revenue leads to a disproportionately higher increase in operating profit.
- Net Income and Bottom-Line Volatility
- Net income attributable to the company grew from 426.3 million US dollars in March 2021 to 818.1 million US dollars in June 2026. However, this growth was characterized by periodic volatility, primarily driven by fluctuations in income tax expenses and benefits. Significant variances are observed in the tax line, including periods of substantial tax benefits that occasionally decoupled net income from the underlying operating performance.
- Other Income Impact
- Interest and other income, net, showed a marked increase over the period, rising from an average in the 30-40 million US dollar range in 2021 to consistently exceeding 80 million US dollars in the 2025-2026 period, contributing positively to the pre-tax income.