Intuitive Surgical Future Growth

Future criteria checks 2/6

Intuitive Surgical is forecast to grow earnings and revenue by 11.4% and 13.4% per annum respectively. EPS is expected to grow by 11.3% per annum. Return on equity is forecast to be 14.3% in 3 years.

Key information

11.4%

Earnings growth rate

11.3%

EPS growth rate

Medical Equipment earnings growth	0%
Revenue growth rate	13.4%
Future return on equity	14.3%
Analyst coverage	Good
Last updated	18 Dec 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

BASE:ISRG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	10,993	2,856	3,736	4,342	26
12/31/2025	9,517	2,430	2,744	3,646	30
12/31/2024	8,141	2,166	2,066	3,285	30
9/30/2024	7,867	2,243	586	1,821	N/A
6/30/2024	7,573	2,094	420	1,663	N/A
3/31/2024	7,319	1,988	596	1,708	N/A
12/31/2023	7,124	1,798	750	1,814	N/A
9/30/2023	6,851	1,517	1,256	2,023	N/A
6/30/2023	6,665	1,425	1,178	1,858	N/A
3/31/2023	6,431	1,312	1,006	1,639	N/A
12/31/2022	6,222	1,322	958	1,491	N/A
9/30/2022	6,118	1,378	1,091	1,621	N/A
6/30/2022	5,964	1,435	1,310	1,739	N/A
3/31/2022	5,906	1,644	1,460	1,835	N/A
12/31/2021	5,710	1,705	1,750	2,089	N/A
9/30/2021	5,489	1,689	1,885	2,149	N/A
6/30/2021	5,163	1,623	1,662	1,922	N/A
3/31/2021	4,551	1,173	1,315	1,610	N/A
12/31/2020	4,358	1,061	1,143	1,485	N/A
9/30/2020	4,307	1,053	988	1,410	N/A
6/30/2020	4,358	1,136	1,088	1,532	N/A
3/31/2020	4,604	1,386	1,202	1,618	N/A
12/31/2019	4,479	1,379	1,173	1,598	N/A
9/30/2019	4,247	1,314	1,045	1,384	N/A
6/30/2019	4,040	1,210	1,008	1,307	N/A
3/31/2019	3,850	1,147	961	1,223	N/A
12/31/2018	3,724	1,128	982	1,170	N/A
9/30/2018	3,570	804	1,001	1,164	N/A
6/30/2018	3,457	810	N/A	1,198	N/A
3/31/2018	3,306	778	N/A	1,183	N/A
12/31/2017	3,138	671	N/A	1,144	N/A
9/30/2017	3,003	906	N/A	1,142	N/A
6/30/2017	2,878	819	N/A	1,057	N/A
3/31/2017	2,790	780	N/A	1,102	N/A
12/31/2016	2,707	738	N/A	1,087	N/A
9/30/2016	2,619	722	N/A	1,041	N/A
6/30/2016	2,522	678	N/A	952	N/A
3/31/2016	2,434	628	N/A	875	N/A
12/31/2015	2,367	589	N/A	806	N/A
9/30/2015	2,285	546	N/A	683	N/A
6/30/2015	2,250	502	N/A	654	N/A
3/31/2015	2,179	472	N/A	623	N/A
12/31/2014	2,132	419	N/A	665	N/A
9/30/2014	2,082	438	N/A	700	N/A
6/30/2014	2,031	471	N/A	753	N/A
3/31/2014	2,097	526	N/A	788	N/A
12/31/2013	2,244	671	N/A	880	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISRG's forecast earnings growth (11.4% per year) is above the savings rate (8.7%).

Earnings vs Market: ISRG's earnings (11.4% per year) are forecast to grow faster than the AR market (2.2% per year).

High Growth Earnings: ISRG's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISRG's revenue (13.4% per year) is forecast to grow slower than the AR market (13.7% per year).

High Growth Revenue: ISRG's revenue (13.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ISRG's Return on Equity is forecast to be low in 3 years time (14.3%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 09:58
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Analyst Sources

Intuitive Surgical, Inc. is covered by 59 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Toung	Argus Research Company
null null	Argus Research Company
Richard Purkiss	Atlantic Equities LLP