Intuitive Surgical (ISRG) Gross Margin (2009 - 2026)
Intuitive Surgical's (ISRG) quarterly Gross Margin came in at 67.78% in Q2 2026, up 147.0% year-on-year from 27.44% in Q2 2025, and up 2.6% quarter-over-quarter from 66.06% in Q1 2026.
Intuitive Surgical (ISRG) Gross Margin (2009 - 2026) Analysis & Trends
Intuitive Surgical's Gross Margin history runs 18 years deep, the most recent figure standing at 67.78% for Q2 2026.
- On a quarterly basis, Gross Margin rose 147.0% year-over-year to 67.78% in Q2 2026; TTM through Jun 2026 was 66.68%, a 7.0% increase from a year earlier, with the FY2025 full-year figure at 66.0%, down 146.0% from the prior year.
- Gross Margin rose to 67.78% in Q2 2026 per ISRG's latest filing, from 66.06% in the prior quarter.
- Across five years, Gross Margin topped out at 68.3% in Q2 2024 and bottomed at 64.69% in Q1 2025.
- The 5-year median for Gross Margin is 66.84% (2023), against an average of 66.81%.
- Across the five-year window, Gross Margin plunged 270 bps in 2022 and soared 180 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 67.12% in 2022, then decreased by 1 bps to 66.24% in 2023, then climbed by 3 bps to 68.04% in 2024, then retreated by 2 bps to 66.44% in 2025, then increased by 2 bps to 67.78% in 2026.
- Per Business Quant, the three latest ISRG Gross Margin figures stand at 67.78% (Q2 2026), 66.06% (Q1 2026), and 66.44% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 56.80% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 67.78% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 45.69% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 25.04% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 62.25% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 37.74% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 68.00% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 54.66% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 70.82% |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 32.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.78% |
| Mar 31, 2026 | 66.06% |
| Dec 31, 2025 | 66.44% |
| Sep 30, 2025 | 66.36% |
| Jun 30, 2025 | 66.31% |
| Mar 31, 2025 | 64.69% |
| Dec 31, 2024 | 68.04% |
| Sep 30, 2024 | 67.41% |
| Jun 30, 2024 | 68.30% |
| Mar 31, 2024 | 65.87% |
| Dec 31, 2023 | 66.24% |
| Sep 30, 2023 | 66.94% |
| Jun 30, 2023 | 66.74% |
| Mar 31, 2023 | 65.62% |
| Dec 31, 2022 | 67.12% |
| Sep 30, 2022 | 67.55% |
| Jun 30, 2022 | 67.23% |
| Mar 31, 2022 | 67.87% |
| Dec 31, 2021 | 68.41% |
| Sep 30, 2021 | 69.22% |