Intuitive Surgical (ISRG) Gross Margin (2009 - 2026)
Intuitive Surgical (ISRG) posted Gross Margin of 67.78% for Q2 2026, up 2.6% on a QoQ basis from 66.06% in Q1 2026, and up 147.0% year-over-year from 27.44% in Q2 2025.
Analysis
Intuitive Surgical (ISRG) Gross Margin (2009 - 2026) Analysis & Trends
Intuitive Surgical has reported Gross Margin for 18 years, with the latest figure at 67.78% in 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 was 67.78% for Q2 2026 at Intuitive Surgical, up from 66.06% in the prior quarter.
- The five-year high for Gross Margin was 68.3% in Q2 2024, with the low at 64.69% in Q1 2025.
- Average Gross Margin over 5 years is 66.81%, with a median of 66.84% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 270 bps in 2022, then surged 180 bps in 2024.
- Over 5 years, Gross Margin stood at 67.12% in 2022, then slipped by 1 bps to 66.24% in 2023, then grew by 3 bps to 68.04% in 2024, then decreased by 2 bps to 66.44% in 2025, then rose by 2 bps to 67.78% in 2026.
- The last three Gross Margin figures came in at 67.78% (Q2 2026), 66.06% (Q1 2026), and 66.44% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 45.84% |
| 10 | Zimmer Biomet Holdings | 18.20 Bn | 17.79 Bn | 1.54 Bn | 70.81% |
Historic Data
Download Data
Historic 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% |