Intuitive Q3 sales rise as $450 million charge weighs on GAAP profit
Intuitive Surgical
Intuitive Surgical (ISRG) reported third-quarter revenue of $3.05 billion, up 22% from a year earlier, on October 20. GAAP diluted earnings fell to $1.49 per share from $1.95, with results including a $450 million pre-tax antitrust settlement charge.[1]
The earnings distinction
The settlement expense was $347 million after tax, or $0.99 per diluted share. Non-GAAP diluted earnings were $3.00 per share, compared with $2.40 in the third quarter of 2025.[1]
Intuitive reached the settlement agreement without admitting liability or wrongdoing. It remains subject to preliminary and final court approval.[1]
Why it matters for shareholders
The sales growth and lower GAAP profit tell different parts of the quarter’s story. Shareholders assessing operating momentum need to keep the reported results, adjusted figures and litigation expense distinct. Court approval remains a separate uncertainty from the charge already recorded.[1]
ISRG insider trading activity
In open-market trades dated in the last 90 days, no insider bought and 6 insiders sold $24.1M, all of it under preset trading plans, per Form 4 filings.
- Gary S. Guthart (Director) sold 40,095 shares for $17.6M under a preset plan, last filed Nov 5.
- Fredrik Widman (VP Corporate Controller) sold 10,584 shares for $4.6M under a preset plan, last filed Nov 2.
- Craig H. Barratt (Director) sold 2,300 shares for $1M under a preset plan, last filed Nov 5.
- Patricia L. Wadors (SVP Chief Human Resources Offi) sold 1,078 shares for $478K under a preset plan, last filed Oct 26.
- Mark Brosius (EVP & Chief Mfg and Supply Cha) sold 809 shares for $330K under a preset plan, last filed Nov 2.
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ISRG 13F fund activity
In 13F filings received so far for the quarter ended Sep 30, 2026, 1 fund we track made a large change in ISRG: none opened or grew a position by half or more, and 1 cut one by half or more.
- Squarepoint Ops LLC cut 568,464 shares.
