Intuitive Surgical, Inc. (ISRG) earnings on July 16, 2026
More Intuitive Surgical, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock dropped sharply, falling 14.15% as many investors had outlined. The price hit an intraday low of 14.36% before closing down significantly.
ISRG price around the earnings
345.42
Change: -14.1%
2026-07-17, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
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- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Strong earnings history, but price falling
The company has a strong recent record of beating earnings estimates, but its stock price has fallen to its lowest point in a year, and analysts are cutting their price targets. This creates a conflicting picture where strong past performance clashes with current market weakness.
Context analyzed before publication
- Summary
- Strong earnings history, but price falling
- Playbook
- The stock is market review near 52-week lows with an accelerating downward trend, while the company's earnings history remains exceptionally strong. Analyst price targets have been cut recently, adding to the negative sentiment.
- Trend
- Expert confidence dropped sharply in 24h
Analysts
Drivers
-
Analysts
Neutral
Most analysts rate the stock a Buy with a target price 37% above current levels, but one analyst recently cut their target, signaling some internal disagreement, and the scenario points pessimistic.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.94
- Analysts covering the stock
- 29
- Average price target
- 552.08
- Lowest price target
- 366
- Highest price target
- 750
- Upside to price target
- 37.4%
- Quarterly earnings growth
- 17.6%
- Revenue growth
- 23%
- Forward EPS
- 11.78
- Trailing EPS
- 8.25
- Analyst moves in the last 60 days
- 7
- Strong buy: 6
- Buy: 16
- Hold: 9
- Sell: 1
- Strong sell: 1
- Strong buy
- 6
- Buy
- 16
- Hold
- 9
- Sell
- 1
- Strong sell
- 1
- July 16, 2026 · Truist Securities: Maintains rating (Buy → Buy)
- July 15, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
- July 13, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- July 13, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
- July 9, 2026 · BMO Capital: Initiates coverage (Outperform)
- July 6, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
- May 18, 2026 · B of A Securities: Maintains rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Negative
A recent analyst price target cut on the event day suggests growing concern, and negative news is outweighing positive sentiment.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (7)
- Truist Securities Maintains Buy on Intuitive Surgical, Lowers Price Target to $510 — Benzinga
- Mizuho Maintains Neutral on Intuitive Surgical, Lowers Price Target to $500 — Benzinga
- Intuitive Surgical Stock Hits 52-Week Lows: What's Going On? — Benzinga
- TD Cowen Maintains Buy on Intuitive Surgical, Lowers Price Target to $520 — Benzinga
- RBC Capital Maintains Outperform on Intuitive Surgical, Lowers Price Target to $600 — Benzinga
- Intuitive Surgical Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call — Benzinga
- BMO Capital Initiates Coverage On Intuitive Surgical with Outperform Rating, Announces Price Target of $518 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock price has fallen to its lowest point in a year, with negative price trends over the past 14 and 30 days, and the expert score dropped sharply from -36.3 to -79.5 in one day.
Evidence
- Average true range (ATR)
- 3.6%
- Distance to 52-week high
- -32.2%
- 14-day change (14d)
- -3.2%
- 30-day change (30d)
- -5.7%
- 30-day relative strength
- -5.7%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 387.12
- Nearest resistance
- 391.73
- Volume accumulation ratio (14d / 46d)
- 1.19
Trends
Evidence
- Average earnings surprise
- +16.3%
- April 21, 2026: actual EPS 2.5 vs estimate 2.11 (surprise +18.7%)
- January 22, 2026: actual EPS 2.53 vs estimate 2.27 (surprise +11.6%)
- October 21, 2025: actual EPS 2.4 vs estimate 1.99 (surprise +20.7%)
- July 22, 2025: actual EPS 2.19 vs estimate 1.92 (surprise +14.1%)
Expected move
Drivers
-
Past earnings
Positive
The company has beaten earnings expectations 100% of the time, with an average surprise of +16.3%, showing consistent operational strength, but the scenario points pessimistic.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 5.4%
- 75th percentile move
- 9.1%
- 90th percentile move
- 11.5%
- Up / down moves
- 8 / 11
- Average up move
- +7.9%
- Average down move
- -4.3%
Monitoring and close
What Intuitive Surgical, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -14.2%
- Max favorable move (MFE)
- 14.4%
- Max adverse move (MAE)
- 0.3%