Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 14

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 14
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 and accessories$1,062.0 $904.8 $3,043.1 $2,618.6 Systems397.5 265.4 1,087.4 702.2 Service258.1 209.2 754.7 616.3 Total U.S. revenue$1,717.6 $1,379.4 $4,885.2 $3,937.1 Outside of the U.S. (“OUS”)Instruments and accessories$456.8 $359.4 $1,317.5 $1,048.9 Systems192.9 179.6 600.4 609.2 Service137.8 119.7 395.4 343.4 Total OUS revenue$787.5 $658.7 $2,313.3 $2,001.5 Total Instruments and accessories$1,518.8 $1,264.2 $4,360.6 $3,667.5 Systems590.4 445.0 1,687.8 1,311.4 Service395.9 328.9 1,150.1 959.7 Total revenue$2,505.1 $2,038.1 $7,198.5 $5,938.6 

Remaining Performance ObligationsThe transaction price allocated to remaining performance obligations relates to amounts allocated to products and services for which revenue has not yet been recognized. A significant portion of these performance obligations relate to service obligations in the Company’s system sale and lease arrangements that will be satisfied and recognized as revenue in future periods. The transaction price allocated to the remaining performance obligations was $2.88 billion as of September 30, 2025. The remaining performance obligations are expected to be satisfied over the term of the system sale, lease, and service arrangements. Approximately 44% of the remaining performance obligations are expected to be recognized in the next 12 months with the remainder recognized thereafter over the term of the system sale, lease, and service arrangements, which are generally up to 5 years.

Contract Assets and LiabilitiesThe following information summarizes the Company’s contract assets and liabilities (in millions):As of September 30, 2025December 31, 2024Contract assets$18.2 $13.9 Deferred revenue$570.5