Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 32

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 32
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 audits, or through normal expiration of various statutes of limitations, which could affect the Company’s effective tax rate in the period in which they change. It is reasonably possible that the Company’s existing unrecognized tax benefits may decrease by up to $32 million as a result of expirations of the statute of limitations and audit conclusions in various jurisdictions within the next 12 months.The Company is subject to the examination of its income tax returns by the Internal Revenue Service and other tax authorities. The outcome of these audits cannot be predicted with certainty. The Company’s management regularly assesses the likelihood of adverse outcomes resulting from these examinations to determine the adequacy of the Company’s provision for income taxes. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

NOTE 12.    NET INCOME PER SHARE

The following table presents the computation of basic and diluted net income per share attributable to Intuitive Surgical, Inc. (in millions, except per share amounts): Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Numerator:Net income attributable to Intuitive Surgical, Inc.$704.4 $565.1 $2,061.2 $1,636.9 Denominator:Weighted-average shares outstanding used in basic calculation356.6 355.8 357.5 354.8 Add: dilutive effect of potential common shares5.2 6.9 6.0 6.6 Weighted-average shares outstanding used in diluted calculation361.8 362.7 363.5 361.4 Net income per share attributable to Intuitive Surgical, Inc.:Basic$1.98 $1.59 $5.77 $4.61 Diluted$1.95 $1.56 $5.67 $4.53 

Share-based compensation awards of approximately 1.8 million and 0.0 million shares for the three months ended September 30, 2025, and 2024, respectively, and approximately 1.3 million and 0.3 million shares for the nine months ended September 30, 2025, and 2024, respectively, were outstanding but were not included in the computation of diluted net income per share attributable to Intuitive Surgical, Inc. common stockholders