Intuitive Surgical, Inc.

Filing receipts

“Selling, general, and administrative expenses during the periods presented were as follows (dollars in millions): Three Months Ended March 31, 2026 vs 2025 2026 2025 $ Change % Change Selling, general, and administrative (1) $ 613.3 $ 563.4 $ 49.9 9 % % of Total revenue 22% 25% ________ (1) Includes the following expenses: Share-based compensation $ 92.7 $ 82.3 $ 10.4 13 % Intangible asset amortization $ 0.2 $ 0.5 $ (0.3) (60) % Selling, general, and administrative expenses for the three months ended March 31, 2026, increased compared to the three months ended March 31, 2025, primarily due to higher personnel-related expenses, driven by an increase in headcount and higher employee compensat...”

“40 Interest and Other Income, Net Interest and other income, net during the periods presented was as follows (dollars in millions): Three Months Ended March 31, 2026 vs 2025 2026 2025 $ Change % Change Interest and other income, net $ 85.1 $ 90.4 $ (5.3) (6) % % of Total revenue 3% 4% Interest and other income, net, for the three months ended March 31, 2026, decreased compared to the three months ended March 31, 2025, primarily driven by lower interest income on reduced average cash and investment balances, largely driven by cash used for stock repurchases and the acquisition of a business during the three months ended March 31, 2026.”

“The unfavorable impact of these items on cash provided by operating activities was partially offset by an increase in accounts payable of $74 million, primarily due to the timing of inventory receipts, invoicing, and payments, and an increase in deferred revenue of $46 million, primarily due to the timing of billings of service arrangements.”