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โข Adj. EPS: $3.00 (Est. $2.64) โ , +25% YoY.
โข Revenue: $3.05B (Est. $2.91B) โ , +22% YoY.
โข GAAP EPS: $1.49 (vs. $1.95 YoY).
โข Adj. Net Income: $1.05B (vs. $867M YoY).
โข Adj. Operating Income: $1.27B (vs. $976M YoY).
โข Instruments & Accessories Revenue: $1.80B, +18% YoY.
โข Systems Revenue: $769M (vs. $590M YoY).
โข Worldwide Procedure Growth: +15% YoY.
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 da Vinci Procedure Growth: 14%โ15%, expected near midpoint.
โข FY2026 Adj. Gross Margin: 68.7%โ69.3%, including ~90 bps tariff impact.
โข FY2026 Adj. Operating Expense Growth: 11%โ13%.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~13.6%, while revenue exceeded estimates by ~4.8%.
โข Worldwide procedures grew 15% YoY, driven by 14% growth in da Vinci procedures and 31% growth in Ion procedures.
โข Intuitive placed 546 da Vinci systems, up from 427 a year ago, including 315 next-generation da Vinci 5 systems.
โข The installed base of da Vinci systems increased 12% to 12,094, while Ion systems grew 21% to 1,152.
โข GAAP EPS declined to $1.49 due to a $450M antitrust settlement charge, reducing EPS by $0.99.
โข Results included a $0.06 per-share benefit from tariff refunds under IEEPA.
โข Intuitive repurchased $2.94B in shares during Q3, ending the quarter with $6.80B in cash and investments.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur strong performance this quarter was marked by broad-based adoption across our multi-port, single-port, and Ion platforms, with customers using our systems to perform, on average, over 10,000 procedures per day throughout the period.โ