Intuitive Surgical 8-K
PositiveEarningsNew guidance
da Vinci 5 placements surged alongside procedure-driven revenue growth; 2026 procedure guidance points to a slower pace.
Filed 2026-01-14 08:58 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Preliminary Q4 and FY2025 results, with 2026 procedure guidance. Revenue grew 19% in Q4 and 21% for the year, driven by higher procedure volume, da Vinci system placements and the larger installed base. Results remain unaudited and subject to closing and audit adjustments.
Key Figures
| Metric | Q4 2025 | Q4 2024 | Y/Y |
|---|---|---|---|
| Revenue | $2.87B | $2.41B | 19% |
| Instruments and accessories revenue | $1.66B | $1.41B | 17% |
| Systems revenue | $786M | $655M | 20% |
| Service revenue | $422M | $347M | 21% |
| da Vinci procedures (thousands) | 849 | 725 | 17% |
| da Vinci system placements | 532 | 493 | 8% |
| Ion system placements | 42 | 69 | (39)% |
| Metric | FY2025 | FY2024 | Y/Y |
|---|---|---|---|
| Revenue | $10.1B | $8.35B | 21% |
| Instruments and accessories revenue | $6.02B | $5.08B | 19% |
| Systems revenue | $2.47B | $1.97B | 26% |
| Service revenue | $1.57B | $1.31B | 20% |
| da Vinci procedures (thousands) | 3,153 | 2,683 | 18% |
| da Vinci system placements | 1,721 | 1,526 | 13% |
| Ion system placements | 195 | 271 | (28)% |
- Combined da Vinci and Ion procedures grew approximately 18% in Q4 and 19% in FY2025. FY da Vinci procedure growth was 18% in the U.S. and 23% outside the U.S.
- da Vinci 5 placements were 303 in Q4 vs 174 a year earlier, and 870 for FY2025 vs 362 in FY2024. Q4 expenses included a $70M Intuitive Foundation contribution vs $45M a year earlier.
Guidance
- Worldwide da Vinci procedures: 2026 growth of approximately 13%–15% vs 2025.
Investor Takeaways
- The company is scheduled to report Q4 results and discuss FY2025 results on 1/22/2026; final results may differ from these preliminary figures.
- Track 2026 worldwide da Vinci procedure growth against the 13%–15% outlook.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3