Intuitive Surgical

Q2 FY2026 EarningsQ2 FY26 beat consensus across all key financial metrics, with revenue of $2,892M exceeding the expected $2,825M and normalized EPS of $2.29 surpassing the $2.15 mean estimate. Gross margin came in at 67.8% vs. 67.7% expected, supported by tariff refunds and higher procedure volumes. Total da Vinci procedures grew 15% YoY, and the placement of 246 da Vinci 5 systems indicates a strong initial adoption of the new platform. Although no specific quantitative guidance for FY26 was provided in the summary, the solid procedure growth and installed base expansion reinforce a positive trajectory.