Analysis published 03 Aug 2026
AI-generated · cited to primary sources · not investment advice
Intuitive Surgical, Inc. - Common Stock (ISRG) Dec 2025 Filing Analysis
04 · Risk
What could break the thesis?
Medical Devices And Diagnostics Unit Economics
The risk is stable; the effective tax rate for 2025 was 13.1%, with excess tax benefits from equity plans reducing the rate by 7.4 percentage points (compared to 8.4 points in 2024). (1 stable)
“Our provision for income taxes for 2025 and 2024 included excess tax benefits associated with employee equity plans of $246 million and $223 million, respectively, which reduced our effective tax rate by 7.4 and 8.4 percentage points, respectively.”
Intuitive Surgical, Inc. - Common Stock · Annual Report · Dec 2025 · p.138
See the full cited Risk analysis of Intuitive Surgical, Inc. - Common Stock
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