IS
Intuitive Surgical
ISRG · Healthcare Technology
Company brief
IS
ISRGHealthcare Technology$132B

Intuitive Surgical

Pioneer and leader in minimally invasive robotic-assisted surgery, primarily through the da Vinci Surgical System

Moat score
9.5/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$439
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-25%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
42.2x

Forward P/E around 42.2x means investors pay about $42.2 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
50.1x

A P/E around 50.1x means investors pay about $50.1 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$8.24
Market Cap
$149.1B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

ISRG continues to lean on its robotic-surgery installed base and service ecosystem, while the market weighs business quality against a forward P/E near 42.2x.

Watch signal

Forward P/E remains broadly aligned with growth and operating momentum.

What you own

Intuitive Surgical is exposure to healthcare technology operating model with high switching costs and 115% net revenue retention.

Base thesis

Surgeon training creates 2-3 year switching cost - each surgeon needs 150+ hours certification on da Vinci platform

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Pro access unlocks the workflow simulator for this company brief.

Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
9.5Moat Score
Net Revenue Retention115%
Retention RiskLow
AI Disruption RiskLow
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Surgeon training creates 2-3 year switching cost - each surgeon needs 150+ hours certification on da Vinci platform
  • Hospital workflow integration locks in entire surgical teams, OR schedules, and patient referral patterns
  • Regulatory moat: Each new robotic surgery platform requires separate FDA 510(k) clearance and clinical validation
  • Service monopoly: Only ISRG engineers can maintain da Vinci systems, creating $2B+ recurring service revenue
  • Network effects: 50,000+ trained surgeons create talent scarcity for competing platforms
  • AI enhancement tailwinds: Computer vision and ML improve surgical precision without disrupting core platform