Company: ISRG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001035267-25-000192
Chunk: 1

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 1
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0 (51.3)Total Intuitive Surgical, Inc. stockholders’ equity17,845.7 16,433.7 Noncontrolling interest in joint venture107.4 95.9 Total stockholders’ equity17,953.1 16,529.6 Total liabilities and stockholders’ equity$20,163.2 $18,743.2 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements (Unaudited).

3

INTUITIVE SURGICAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,in millions (except per share amounts)2025202420252024Revenue:Product$2,048.8 $1,692.6 $3,939.2 $3,269.7 Service391.2 317.3 754.2 630.8 Total revenue2,440.0 2,009.9 4,693.4 3,900.5 Cost of revenue:Product686.2 539.4 1,356.9 1,093.8 Service135.9 97.8 260.9 188.6 Total cost of revenue822.1 637.2 1,617.8 1,282.4 Gross profit1,617.9 1,372.7 3,075.6 2,618.1 Operating expenses:Selling, general, and administrative561.2 525.3 1,124.6 1,016.8 Research and development313.3 280.1 629.5 564.6 Total operating expenses874.5 805.4 1,754.1 1,581.4 Income from operations743.4 567.3 1,321.5 1,036.7 Interest and other income, net88.7 87.2 179.1 156.3 Income before taxes832.1 654.5 1,500.6 1,193.0 Income tax expense167.9 123.0 132.7 114.1 Net income664.2 531.5 1,367.9 1,078.9 Less: