Intuitive Surgical (ISRG) Gross Margin (2009 - 2026)
Intuitive Surgical (ISRG) posted quarterly Gross Margin of 67.78% for Q2 2026, up 147.0% year-over-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.
- In Q2 2026, Gross Margin rose 147.0% year-over-year to 67.78%; the TTM figure through Jun 2026 stood at 66.68% (up 7.0% YoY), while the FY2025 annual figure was 66.0%, down 146.0% from the prior year.
- Gross Margin for Q2 2026 stood at 67.78%, 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.
- The 5-year median for Gross Margin is 66.84% (2023), against an average of 66.81%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 270 bps in 2022, then soared 180 bps in 2024.
- Intuitive Surgical's Gross Margin stood at 67.12% in 2022, then retreated by 1 bps to 66.24% in 2023, then advanced by 3 bps to 68.04% in 2024, then fell by 2 bps to 66.44% in 2025, then grew by 2 bps to 67.78% in 2026.
- Business Quant data shows ISRG's Gross Margin at 67.78% in Q2 2026, 66.06% in Q1 2026, and 66.44% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 67.78% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 46.46% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 59.33% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 58.84% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 28.82% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 37.74% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 58.22% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 68.00% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 34.86% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 71.71% |
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% |