Intuitive Surgical's Procedure Growth Has to Repair the Long Trend

Article published Sep 28, 2026. Prices below use latest available snapshots.

ISRG Price Structure

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$ISRG is bouncing but not repaired: up 11.3% since August 28, yet still 7.9% below its 200-day average and down 5.6% over the past year. At the 2026-09-28 settled close, ISRG $414.79 was +8.8% versus its 20-day average and +11.3% over 30 days. The newest verified quarter ends 2026-06-30 (filed 2026-07-21); revenue was $2.89B. Against 2025-06-30 revenue of $2.44B, that is +18.5% year over year. The July reaction has no reason on file here — the news pull carries report pages, not the cause — and the long trend is still down. The standing call is 🟡 Wait for earnings confirmation. The old chart pivot was crossed, but the earnings condition has not fired; price alone does not activate the call.

Quick Snapshot (as of 2026-09-28)

Question	Answer
The call	🟡 Wait for earnings confirmation. The old chart pivot was crossed, but the earnings condition has not fired; price alone does not activate the call.
What it is	The maker of the da Vinci surgical robot, earning recurring revenue from instruments, accessories and service on a large installed base.
Why now	Prior case (2026-09-23): The stock fell 14.15% on July 17, the session after its Q2 report (July 16, per MarketBeat's report page in the news pull), and has been rebuilding since.
Proof	Latest verified period ended 2026-06-30, filed 2026-07-21: revenue $2.89B. Prior case: The rebuild is on the chart: above the 20- and 50-day, in a ten-week base with a pivot at $405.50.
Objection	The July reaction has no reason on file here — the news pull carries report pages, not the cause — and the long trend is still down.
Stock setup	The long trend is broken and the stock remains under its 200-day average; +8.8% versus the 20-day, -7.9% versus the 200-day, RSI 69.6.

Action Matrix (reviewed 2026-09-28; levels are standing conditions)

Current status (2026-09-28): 🟡 Wait for earnings confirmation. The old chart pivot was crossed, but the earnings condition has not fired; price alone does not activate the call. The listed levels below record the prior conditional plan and require a new review before use.

Signal	If	Then
🟢 Buy	A close above $405.50, the base pivot, that holds through the October 20 report	Entry $405.50–$415; the repair extends toward the 200-day.
🟡 Wait	Price stays inside the base below $405.50	No entry into a broken long trend before the print.
🔴 Out	After an entry, a close below $372, under the 20- and 50-day cluster	The repair failed.
🟠 Target	$450, the 200-day area	First target; reclaiming it would restore the long trend.
🔴 Thesis breaks	The October 20 report repeats July's reaction	Whatever broke in July is still broken.

The Story Right Now (as of 2026-09-28)

$ISRG is bouncing but not repaired: up 11.3% since August 28, yet still 7.9% below its 200-day average and down 5.6% over the past year.

Data as of 2026-09-28 close: ISRG $414.79, RSI 69.6, weak-up, +8.8% vs SMA20, -7.9% vs SMA200, 7D +3.3%, 30D +11.3%, 1Y -5.6%, -31.3% from the 52-week high.

Condition check. The $405.50 chart pivot was crossed and price closed $414.79 inside the earlier entry zone. The prior call also required the coming earnings print to confirm; that fundamental condition has not fired.

Business and mechanism. The maker of the da Vinci surgical robot, earning recurring revenue from instruments, accessories and service on a large installed base.

Prior case (2026-09-23). The stock fell 14.15% on July 17, the session after its Q2 report (July 16, per MarketBeat's report page in the news pull), and has been rebuilding since.

Prior proof (2026-09-23). The rebuild is on the chart: above the 20- and 50-day, in a ten-week base with a pivot at $405.50.

The countercase. The July reaction has no reason on file here — the news pull carries report pages, not the cause — and the long trend is still down.

Newest statement check. The newest verified quarter ends 2026-06-30 (filed 2026-07-21); revenue was $2.89B. Against 2025-06-30 revenue of $2.44B, that is +18.5% year over year.

News and attention check. The news search for the latest move failed; the last completed search was on 2026-09-25. No company event for ISRG was recorded between September 24 and 28.

The call: 🟡 Wait for earnings confirmation. The old chart pivot was crossed, but the earnings condition has not fired; price alone does not activate the call.

Extended analysis

Price Data (live)

Live values from the desk's settled-close summaries. They update with each close; the dated sections above keep the numbers of their own date.

Metric	ISRG
As of (close)	2026-10-16
Price ($)	426.7
RSI (14)	64.7
vs SMA20 (%)	3.8
vs SMA50 (%)	8.9
vs SMA200 (%)	-2.9
SMA20 ($)	411.16
SMA50 ($)	391.67
SMA200 ($)	439.63
1D (%)	-0.27
7D (%)	0.65
30D (%)	11.62
3M (%)	23.53
1Y (%)	-1.82
2Y (%)	-10.47
1Y vs S&P 500 (pts)	-17.35
From 52-week high (%)	-29.34

Financial Proof

Filed-period check (as of 2026-09-28): The newest verified quarter ended 2026-06-30 and was filed 2026-07-21. Revenue was $2.89B. Source: SEC key financials and the filing. Dated historical tables below retain their own period basis.

The recent filed revenue series shows the direction of the business; missing cells are left unavailable.

Period end	Revenue	YoY	Operating income	GAAP net income	Filing date
2024-06-30	$2.01B	—	$567.3M	$531.5M	2024-07-19
2024-09-30	$2.04B	—	$577.3M	$570.6M	2024-10-18
2025-03-31	$2.25B	—	$578.1M	$703.7M	2025-04-23
2025-06-30	$2.44B	+21.4%	$743.4M	$664.2M	2025-07-23
2025-09-30	$2.51B	+22.9%	$759.7M	$709.2M	2025-10-22
2026-03-31	$2.77B	+23.0%	$855.3M	$826.0M	2026-04-22

Research Log

Date	Note
2026-04-10	Initial deep dive. ISRG $450.02, RSI 35.0, strong-down, -25.5% from 52wk high. Approaching oversold; "wait" verdict.
2026-05-29	ISRG $424.64, RSI 40.0, strong-down; -7.2% 30D. Price continued lower from April; wait verdict reinforced. No new fundamentals re-researched.
2026-06-16	ISRG $417.07, RSI 44.1, strong-down; -2.93% 7D, -5.19% 30D. Slow grind lower continues; RSI drifting up while price drifts down (no clean capitulation). -30.93% from 52wk high. Wait verdict unchanged. No new fundamentals re-researched.
2026-07-11	ISRG $406.78, RSI 45.0, strong-down (regime: collapse); -4.02% 7D, -1.48% 30D. Slow grind pattern holds — RSI essentially flat, price at a new marginal 52wk-high-distance low (-32.64%). Now -16.6% below SMA200, death cross. Wait verdict unchanged. No new fundamentals re-researched.
2026-07-17	ISRG $345.42, RSI 30.2, strong-down (regime: collapse); -14.15% single-day crash on 3.9x average volume, -15.08% 7D/30D, -42.8% from 52wk high (new deep marginal low). First genuine oversold RSI read this file has tracked — capitulation-candidate flag, not a confirmed floor. No news/fundamentals re-researched this cycle; cause of the crash not yet identified here.
2026-07-25	ISRG $337.50, RSI 31.4, strong-down (regime: collapse); -2.29% 7D (crash-day effect cleared), -16.01% 30D (crash still dominates), -30.01% 3M (deepened), -45.02% from 52wk high (new deeper marginal low). No confirmed floor yet; cause of the original crash still not identified here.
2026-07-28	ISRG $361.80, RSI 42.4, strong-down (regime: collapse); +7.2% since 07/25, +3.35% 7D (flipped positive), -10.88% 30D (improved), -20.28% 3M (improved), -40.09% from 52wk high (first improvement since the crash). First real bounce, not yet a confirmed floor; cause of the original crash still not identified here.
2026-07-31	ISRG $353.33, RSI 39.9, strong-down; 7D +4.69%; 30D -12.19%; 3M -22.82%; -41.49% from 52wk high. No new fundamentals re-researched.
2026-08-08	ISRG $378.81, RSI 51.3, strong-down; 7D +7.21%; 30D -8.74%; 3M -15.83%; -37.87% from 52wk high. No new fundamentals re-researched.
2026-08-14	ISRG $394.51, RSI 56, weak-up; 7D +4.14%; 30D +1.42%; 3M -6.32%; -33.55% from 52wk high. No new fundamentals re-researched.
2026-08-22	ISRG $378.81, RSI 47.6, strong-down; 7D -3.98%; 30D +11.19%; 3M -13.53%; -37.27% from 52wk high. 1Y -19.38%, vs SMA200 -19.90%. No new fundamentals re-researched.
2026-08-28	ISRG $372.60, RSI 45.7, strong-down; 7D -1.67%; 30D +5.52%; 3M -12.26%; -38.30% from 52wk high. 1Y -21.37%, vs SMA200 -20.5%. No new fundamentals re-researched.
2026-09-04	ISRG $366.70, RSI 43, strong-down; 7D -1.57%; 30D -2.27%; 3M -13.12%; -39.28% from 52wk high. 1Y -19.32%, vs SMA200 -20.90%. News not pulled for this move (last fetched 2026-07-17, well before this window).
2026-09-11	ISRG $369.15, RSI 48.1, strong-down; 7D +0.67%; 30D -8.00%; 3M -10.20%; -38.87% from 52wk high. 1Y -19.02%, vs SMA200 -19.70% — long trend still genuinely under test. Stock-events checked, none on file. News pulled 2026-09-09 (two days stale relative to this close); no company-specific catalyst named. No new fundamentals filed since 09-04.
2026-09-18	ISRG $393.33, RSI 61.2, weak-up (upgraded from strong-down); 7D +6.55%; 30D -1.10%; 3M -3.31%; -34.87% from 52wk high. 1Y -9.75% with alpha1y -24.77 and price -13.6% below the 200-day — a broken long trend showing its first repair since the July break; the 20-day and 50-day are both reclaimed. News pulled 2026-09-18: quote pages and July print coverage, nothing dated on this week's gain. Stock-events checked: none in this window. No newly filed period on disk this cycle.
2026-09-23	ISRG $398.30, RSI 62.0, +6.0% vs SMA20, 30D +6.62%. Short averages held; ten-week base with pivot $405.50; 1Y -11.04%, 1Y vs S&P 500 -26.82 pts, -12.0% vs the 200-day — broken long trend in repair. Folded the July context: the 07-17 drop of 14.15% followed the 07-16 Q2 report (MarketBeat report page in the news pull); the cause of the reaction is still not on file. News pulled 2026-09-21. Stock-events checked: none in the window; Q3 report 10-20. Filed-period check: Q1 2026 newest on disk; Q2 10-Q not on disk and not cited.
2026-09-28	ISRG $414.79, RSI 69.6, +8.8% vs SMA20, 30D +11.3%. The long trend is broken and the stock remains under its 200-day average; The newest verified quarter ends 2026-06-30 (filed 2026-07-21); revenue was $2.89B. Against 2025-06-30 revenue of $2.44B, that is +18.5% year over year. The news search for the latest move failed; the last completed search was on 2026-09-25. No company event for ISRG was recorded between September 24 and 28.

Sources

News receipt: latest (fetched 2026-09-21) — MarketBeat, MarketBeat Q2 report page, TipRanks Q2 report.
2026-09-23-actions-daily-digest — repair status.
Scheduled-event check: 2026-10-20-isrg-earnings (scheduled); no ISRG row dated 2026-09-19 to 2026-09-23.
market-pulse — sector-fund and S&P 500 30-day returns, September 23, 2026.

2026-09-28 refresh receipts

2026-09-28 settled-close receipt: *, ISRG row dated 2026-09-28; tape values above are bound to the current summary fields.
2026-09-28 financial-period check: income-statements and key-financials; newest verified 2026-06-30 period, filed 2026-07-21 (SEC XBRL direct quarter).
2026-09-28 news receipt check: latest, fetched 2026-09-25; receipt is not current; latest-session cause remains unassigned.
2026-09-28 stock-event scan: research/stock-events/, no ISRG row dated 2026-09-24 through 2026-09-28.
2026-09-28 captured-follows scan: tweets has 0 September 24–28 document(s) tagging ISRG.
Retrospective social-search receipt (captured 2026-09-29): 2026-09-29-social-search-isrg; quality/attention check only, not a September 28 event or price source.
2026-09-29 browser discovery check for ISRG: news-discovery-google-sep29 (key ISRG); search links only, not evidence of an event or of absence of news.