4 days ago
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Reuben Gregg Brewer, The Motley Fool
Sat, May 2, 2026 astatine 9:35 AM CDT 4 min read
Shares of Intuitive Surgical (NASDAQ: ISRG) person risen astir 580% implicit the past decade. That's unthinkable erstwhile you see that the S&P 500 index (SNPINDEX: ^GSPC) roseate 240% implicit that aforesaid span. What makes Intuitive Surgical truthful charismatic is the accidental it is leaning into with its da Vinci surgical robots. But investors request to deliberation beyond the existent merchantability of robots to afloat recognize conscionable however almighty a concern Intuitive Surgical has built. Here's what you request to know.
Surgical robots are selling similar blistery cakes
Surgical robots amended diligent outcomes, making the exertion highly charismatic to some practitioners and patients. That is the halfway of the communicative astir Intuitive Surgical, an manufacture pioneer. It presently has 11,395 of its surgical robots being utilized astir the world.
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Demand for its robots is precise strong. It placed 431 da Vinci systems successful the archetypal 4th of 2026, up from 367 a twelvemonth earlier. Its full installed basal accrued successful size by 12% twelvemonth implicit year. Without question, beardown request for its surgical robots is simply a cardinal maturation operator for Intuitive Surgical. But there's an absorbing twist to see erstwhile you analyse the company's net statement. Only 23% of the aesculapian instrumentality maker's revenues came from the merchantability of da Vinci robots.
Another important statistic to ticker
Before getting to the root of the remainder of Intuitive Surgical's revenues, there's different metric the institution reports that is captious to monitor. The fig of surgeries performed with a da Vinci robot accrued 17% twelvemonth implicit twelvemonth successful the archetypal 4th of 2026. That's overmuch higher than the 12% summation successful the fig of da Vinci robots and shows beardown request for surgeries performed with the company's robots.
That information leads to the existent flywheel you should beryllium monitoring with Intuitive Surgical. Every clip a country is performed, galore of the products and instruments utilized person to beryllium replaced. The much a robot is used, the much apt it is to request servicing. And arsenic the database of surgeries a da Vinci tin execute increases, the database of further accessories needed grows. Simply put, this high-tech healthcare company's astir important concern is really selling parts (instruments and accessories) and services.
To enactment immoderate numbers connected that, services marque up astir 15% of the company's apical line. Instruments and accessories, meanwhile, are a immense 60% of the business. If you ain oregon are considering buying Intuitive Surgical, you request to look beyond the da Vinci robots it is selling to afloat recognize the company.
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