ISRGIntuitive Surgical
As part of Intuitive’s mission, we believe that minimally invasive care is life-enhancing care. 10-K, Item 1
- Employees
- 17,021
- Headquarters
- Sunnyvale, CA
- CEO
- David J. Rosa
- Next results
- around Jan 13, 2027
What the 10-K filed 2026-02-03 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-01-31.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
No specific sentence about this in the 10-K.
Key suppliers
3 newParts or manufacturing that depend on one or a few suppliers.
“OUR RELIANCE ON SOLE- AND SINGLE-SOURCED SUPPLIERS AND ABILITY TO PURCHASE AT ACCEPTABLE PRICES A SUFFICIENT SUPPLY OF MATERIALS COULD HARM OUR ABILITY TO MEET PRODUCT DEMAND IN A TIMELY MANNER OR WITHIN BUDGET.”
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New “Some of the components necessary for the assembly of our products are currently provided to us by sole-sourced suppliers or single-sourced suppliers due to, among other things, quality considerations, unique intellectual property considerations, or constraints associated with regulatory requirements.”
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New “Certain of our sole-sourced suppliers or single-sourced suppliers could be adversely affected by the macroeconomic conditions.”
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New “Any insolvency of certain suppliers, including sole- and single-sourced suppliers, may present heightened continuity risks.”
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Lawsuits and legal claims
1 newPending cases, settlements and what the company has set aside for them.
“The Company is currently named as a defendant in a number of individual product liability lawsuits filed in various state and federal courts.”
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“Plaintiffs seek recovery for alleged personal injuries and, in many cases, punitive damages.”
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“The Company filed an answer denying the antitrust allegations and filed counterclaims against SIS.”
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“The Court has consolidated the Franciscan Alliance, Inc. and King County Public Hospital District No. 1 and Kaleida Health cases with the Larkin Community Hospital case, which is now captioned on the Larkin docket as “In Re: da Vinci Surgical Robot Antitrust Litigation.” A Consolidated Amended Class Action Complaint has been filed on behalf of each plaintiff named in the earlier-filed cases.”
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New “Plaintiff filed an opposition to Intuitive’s motion to dismiss on February 14, 2025, and Intuitive filed a reply on March 26, 2025.”
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Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
No specific sentence about this in the 10-K.
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
No specific sentence about this in the 10-K.
Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
“Total purchase commitments and obligations as of December 31, 2025, are estimated to be approximately $2.53 billion, of which $2.37 billion is expected to be due within a year.”
Read it in the 10-K ↗
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on ISRG in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ISRG/export.csv") into a cell.