Equity Profile

ISRG

Intuitive Surgical, Inc.

Health CareHealth Care Equipment$144.2B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Intuitive Surgical, Inc. (ISRG) is a leader in the health care equipment sector, known for its innovative robotic surgical systems, particularly the da Vinci Surgical System....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and investors will be keen to see if ISRG can maintain its strong performance.

$2.50

Revenue

Revenue growth reflects the demand for ISRG's products and services, which is crucial for sustaining its market position.

$2.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ISRG Q2-2026 Earnings Preview

Context

Company Snapshot

Intuitive Surgical, Inc. (ISRG) is a leader in the health care equipment sector, known for its innovative robotic surgical systems, particularly the da Vinci Surgical System. These technologies are transforming surgical procedures, making them less invasive and improving patient outcomes, which is increasingly important in today's health care landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+46.95%

Avg Stock Reaction

-0.47%

Last Quarter Recap

In Q1-2026, Intuitive Surgical reported an EPS of $2.50, significantly exceeding analyst expectations. However, the stock experienced a decline of 3.07% the following day, indicating mixed investor sentiment despite the strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are expecting ISRG to report an EPS of $2.50 and revenue of $2.8B for Q2-2026, which would be consistent with its recent performance. The market is closely watching how the company navigates potential challenges in the health care sector.

Bull Case

If ISRG beats expectations again, it could reinforce investor confidence in its growth trajectory, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet the consensus estimates, it may raise concerns about its growth prospects, leading to a negative response from the market.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.50

EPS is a key indicator of the company's profitability and financial health, and investors will be keen to see if ISRG can maintain its strong performance.

Revenue

$2.8B

Revenue growth reflects the demand for ISRG's products and services, which is crucial for sustaining its market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $2.50?

A beat on EPS would indicate strong profitability and could boost investor confidence, while a miss could raise concerns about future growth.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends is crucial for assessing the company's growth potential and market demand for its surgical systems.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for ISRG to exceed revenue expectations due to increasing demand for minimally invasive surgeries, which could drive higher sales.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting strong operational performance.

Options pricing indicates a larger expected move than historical averages, hinting at potential surprises.

Key Risk

If revenue comes in above $2.9B, it could challenge the current market expectations and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ISRG can continue its strong performance in a competitive health care environment.

Bull Confirmed If

An EPS of $2.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $2.41 would raise significant concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±1.9%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a move of approximately 1.9% around the earnings report, suggesting some uncertainty but not extreme volatility.

Options are pricing a larger move than the stock has averaged historically, indicating heightened expectations.

Detail

ATM IV

0.4%

30d HV

40.2%

Calls (342K)P/C Ratio: 0.62Puts (450K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 5.5%, with a raw directional average of +2.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ISRG beats expectations, history suggests the stock could rise by an average of 1.36%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the news and management commentary.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of 0.47% when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in robotic surgery.
2Management's commentary on market demand and competitive landscape.
3Insights into international sales growth and expansion plans.
4Updates on any regulatory changes affecting the health care equipment sector.
5Guidance on future revenue and EPS expectations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Intuitive Surgical, Inc. (ISRG) is a leader in the health care equipment sector, known for its innovative robotic surgical systems, particularly the da Vinci Surgical System....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and investors will be keen to see if ISRG can maintain its strong performance.

$2.50

Revenue

Revenue growth reflects the demand for ISRG's products and services, which is crucial for sustaining its market position.

$2.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ISRG Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+46.95%

Avg Stock Reaction

-0.47%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If ISRG beats expectations again, it could reinforce investor confidence in its growth trajectory, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet the consensus estimates, it may raise concerns about its growth prospects, leading to a negative response from the market.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.50

EPS is a key indicator of the company's profitability and financial health, and investors will be keen to see if ISRG can maintain its strong performance.

Revenue

$2.8B

Revenue growth reflects the demand for ISRG's products and services, which is crucial for sustaining its market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $2.50?

A beat on EPS would indicate strong profitability and could boost investor confidence, while a miss could raise concerns about future growth.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends is crucial for assessing the company's growth potential and market demand for its surgical systems.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for ISRG to exceed revenue expectations due to increasing demand for minimally invasive surgeries, which could drive higher sales.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting strong operational performance.

Options pricing indicates a larger expected move than historical averages, hinting at potential surprises.

Key Risk

If revenue comes in above $2.9B, it could challenge the current market expectations and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ISRG can continue its strong performance in a competitive health care environment.

Bull Confirmed If

An EPS of $2.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $2.41 would raise significant concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±1.9%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a move of approximately 1.9% around the earnings report, suggesting some uncertainty but not extreme volatility.

Options are pricing a larger move than the stock has averaged historically, indicating heightened expectations.

Detail

ATM IV

0.4%

30d HV

40.2%

Calls (342K)P/C Ratio: 0.62Puts (450K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ISRG beats expectations, history suggests the stock could rise by an average of 1.36%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the news and management commentary.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of 0.47% when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in robotic surgery.
2Management's commentary on market demand and competitive landscape.
3Insights into international sales growth and expansion plans.
4Updates on any regulatory changes affecting the health care equipment sector.
5Guidance on future revenue and EPS expectations.