Recent briefings through September 2026 referenced a series of prior updates covering ISRG's Q2 2026 period. A briefing dated 2026-09-11 drew on an earlier 2026-08-13 recap, which itself cited a 2026-07-23 briefing noting that broader market conditions during the quarter included geopolitical turbulence stemming from the US-Iran military conflict. A further briefing dated 2026-07-17 had provided additional contextual detail from that period. These successive updates reflect sustained institutional attention to the instrument across the quarter [Brief - 2026-09-19] [Brief - 2026-09-11].
As of 30 June 2026, Intuitive Surgical reported trailing twelve-month revenue of $11.03 billion, representing year-over-year growth of 18.5%. Net income on a TTM basis stood at $3.14 billion, with a net margin of 28.4% and a gross margin of 66.7%. Operating margin was recorded at 31.3%. EPS grew 26.5% year-over-year. The company reported cash of $2.76 billion and carried no total debt. The P/E ratio stood at 46.52 against a market capitalisation of approximately $143.4 billion [SEC 10-Q - ISRG - 2026-06-30].
Insider activity in September 2026 comprised eight transactions, with net direction characterised as selling and a net value of approximately -$449,577 [SEC Form 4 - ISRG - 2026-09]. On the institutional side, five prominent managers opened new positions in ISRG during the most recent 13F reporting period: Citadel (Ken Griffin), Coatue (Philippe Laffont), D1 Capital (Dan Sundheim), Millennium (Izzy Englander), and AQR Capital (Cliff Asness) each initiated holdings, representing the primary trigger for this report [SEC 13F - Citadel - Q2 2026] [SEC 13F - Coatue - Q2 2026] [SEC 13F - D1 Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - AQR Capital - Q2 2026].
The prevailing macro environment as of the report date features a 10-year US Treasury yield of 5.18% and a 2-year yield of 4.87%, producing a normal yield curve with a spread of 31 basis points [FRED DGS10] [FRED DGS2]. This rate configuration forms part of the broader financial context in which ISRG's fundamentals and ownership data are observed.