Intuitive Surgical gains as first-quarter earnings beat estimates

Intuitive Surgical

22/04/2026 09:21

** Shares of robotic surgery technology firm Intuitive Surgical ISRG.O inch 2.2% higher to $461.19 premarket

** Co's first-quarter revenue came in at $2.77 billion, beating analysts' estimates of $2.61 billion, as per data compiled by LSEG

** First-quarter adj. EPS of $2.50 beat expectations of $2.10

** Procedure volume growth, including 16% growth for company's da Vinci and 39% for Ion, drove higher revenue

** The average recommendation of 35 analysts is a "buy"; the median price target is $601.54 - LSEG-compiled data

** Stock trades at about 44 times forward 12-month earnings, compared with its five-year average of around 55

** Shares are down 20%, YTD

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))