Intuitive Surgical slides as investors continue to digest cautious outlook

Intuitive Surgical (ISRG) is down 4.9% today. Here is some analysis on what might have caused this price movement. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000047/q226ex-991earningsrelease.htm))

Analysis: The most likely driver appears to be continued pressure from the company’s July earnings reset rather than a fresh company announcement today. This could be because investors are still reacting to slower procedure-growth expectations, tariff-related margin pressure, and a full-year outlook that did not meaningfully improve despite strong second-quarter results. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000047/q226ex-991earningsrelease.htm))

Details:

Intuitive’s latest reported quarter showed revenue rising to $2.89 billion, with worldwide procedures up about 16% and 468 da Vinci systems placed, indicating the core business is still growing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000047/q226ex-991earningsrelease.htm))

Even so, the company kept its 2026 da Vinci procedure-growth outlook at roughly 13.5% to 15.5% and said it expected results to land near the midpoint of that range. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000047/q226ex-991earningsrelease.htm))

Management also said 2026 non-GAAP gross margin would reflect an estimated 1.0% revenue impact from tariffs, with potential for a larger effect if additional tariffs are implemented. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000047/q226ex-991earningsrelease.htm))

There do not appear to be major new press releases or SEC disclosures from Intuitive in August that clearly explain today’s drop, which suggests the move may reflect ongoing valuation compression and post-earnings repositioning. ([isrg.intuitive.com](https://isrg.intuitive.com/press-releases/?utm_source=openai))

Sources:

SEC, Intuitive Surgical, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ISRG Insider Trading Activity

$ISRG insiders have traded $ISRG stock on the open market 38 times in the past 6 months. Of those trades, 0 have been purchases and 38 have been sales.

Here’s a breakdown of recent trading of $ISRG stock by insiders over the last 6 months:

GARY S GUTHART sold 10,000 shares for an estimated $4,000,000
MYRIAM CURET (EVP & Chief Medical Officer) has made 0 purchases and 4 sales selling 7,303 shares for an estimated $3,588,645.
MARK BROSIUS (EVP & Chief Mfg and Supply Cha) has made 0 purchases and 23 sales selling 5,529 shares for an estimated $2,674,152.
IMAN JEDDI (SVP & GM da Vinci Platforms &) sold 5,625 shares for an estimated $2,365,593
AMY L LADD has made 0 purchases and 4 sales selling 1,091 shares for an estimated $471,789.
GARY LOEB (EVP & Chief Legal and Complian) has made 0 purchases and 2 sales selling 800 shares for an estimated $321,256.
FREDRIK WIDMAN (VP Corporate Controller) has made 0 purchases and 2 sales selling 367 shares for an estimated $181,915.
PATRICIA L WADORS (SVP Chief Human Resources Offi) sold 220 shares for an estimated $109,936

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$ISRG Hedge Fund Activity

We have seen 1,070 institutional investors add shares of $ISRG stock to their portfolio, and 1,306 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 8,106,133 shares (+216.9%) to their portfolio in Q2 2026, for an estimated $3,223,646,971
JPMORGAN CHASE & CO added 4,231,033 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,682,597,203
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,802,568 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,114,525,242
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,638,953 shares (+77.8%) to their portfolio in Q2 2026, for an estimated $651,778,829
PRICE T ROWE ASSOCIATES INC /MD/ removed 1,263,437 shares (-10.1%) from their portfolio in Q2 2026, for an estimated $502,443,626
FMR LLC removed 1,226,104 shares (-22.4%) from their portfolio in Q2 2026, for an estimated $487,597,038
WINSLOW CAPITAL MANAGEMENT, LLC removed 1,152,910 shares (-99.4%) from their portfolio in Q2 2026, for an estimated $458,489,248

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ISRG Government Contracts

We have seen $272,040 of award payments to $ISRG over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

INTUITIVE DAVINCI ROBOT MAINTENANCE SERVICE: $172,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$ISRG Congressional Stock Trading

Members of Congress have traded $ISRG stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $ISRG stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ISRG Price Targets

Multiple analysts have issued price targets for $ISRG recently. We have seen 13 analysts offer price targets for $ISRG in the last 6 months, with a median target of $574.0.

Here are some recent targets:

Vik Chopra from BMO Capital set a target price of $518.0 on 07/09/2026
Vijay Kumar from Evercore ISI Group set a target price of $430.0 on 07/06/2026
Travis Steed from B of A Securities set a target price of $520.0 on 05/18/2026
Matt Miksic from Barclays set a target price of $651.0 on 04/23/2026
Ryan Zimmerman from BTIG set a target price of $574.0 on 04/22/2026
Mike Kratky from Leerink Partners set a target price of $573.0 on 04/22/2026
David Rescott from Baird set a target price of $610.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.