Intuitive Surgical (ISRG) Research & Development (2009 - 2026)
Intuitive Surgical (ISRG) reported Research & Development of $408.3 million for Q3 2026, up 24.0% from $329.4 million a year earlier and up 10.2% from the prior quarter.
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Analysis
Intuitive Surgical (ISRG) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Intuitive Surgical's Research & Development came in at $1.49 billion, up 19.2% year-over-year; for FY2025, it was $1.31 billion, up 14.5% from FY2024.
- Research & Development has increased for 12 consecutive years, with a five-year compound annual growth rate of 17.1% (FY2020 to FY2025).
- By year, Research & Development came in at $1.15 billion in FY2024 (+14.7%), $998.8 million in FY2023 (+13.6%), $879 million in FY2022 (+31.0%) and $671 million in FY2021 (+12.8%).
- The Q3 2026 figure ranks as the highest quarterly Research & Development in data going back to Q2 2009.
- Year over year, Research & Development has now increased in each of the last 23 quarters, with growth averaging 16.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 6.6% in Q4 2023 to 33.1% in Q4 2022.
- Per Business Quant data, the three quarters before Q3 2026 came in at $370.6 million (Q2 2026), $361.9 million (Q1 2026) and $352.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Agilent Technologies | 50.16 Bn | 43.05 Bn | 1.04 Bn | 123.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 408.30 Mn |
| Jun 30, 2026 | 370.60 Mn |
| Mar 31, 2026 | 361.90 Mn |
| Dec 31, 2025 | 352.90 Mn |
| Sep 30, 2025 | 329.40 Mn |
| Jun 30, 2025 | 313.30 Mn |
| Mar 31, 2025 | 316.20 Mn |
| Dec 31, 2024 | 294.70 Mn |
| Sep 30, 2024 | 286.00 Mn |
| Jun 30, 2024 | 280.10 Mn |
| Mar 31, 2024 | 284.50 Mn |
| Dec 31, 2023 | 260.10 Mn |
| Sep 30, 2023 | 249.40 Mn |
| Jun 30, 2023 | 244.40 Mn |
| Mar 31, 2023 | 244.90 Mn |
| Dec 31, 2022 | 244.10 Mn |
| Sep 30, 2022 | 217.10 Mn |
| Jun 30, 2022 | 207.30 Mn |
| Mar 31, 2022 | 210.50 Mn |
| Dec 31, 2021 | 183.40 Mn |
API Access
Intuitive Surgical Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ISRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();