Subtext

Intuitive Surgical, Inc. ISRG

SectorHealth Care
Transcripts67
Date range2008-04-17 – 2025-04-22
Calls charted67

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-14-7+0+7+142008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Overall: -0.82008 Q2 · Overall: +3.62008 Q3 · Overall: -0.32008 Q4 · Overall: +0.72009 Q1 · Overall: +1.62009 Q2 · Overall: +1.22009 Q3 · Overall: +1.02009 Q4 · Overall: +3.82010 Q1 · Overall: +3.82010 Q4 · Overall: +4.22011 Q1 · Overall: +1.22011 Q2 · Overall: -1.22011 Q3 · Overall: +0.32011 Q4 · Overall: +0.72012 Q1 · Overall: +3.62012 Q2 · Overall: +1.12012 Q3 · Overall: -2.42012 Q4 · Overall: +1.42013 Q1 · Overall: +2.62013 Q2 · Overall: -1.32013 Q3 · Overall: +0.72013 Q4 · Overall: +3.22014 Q1 · Overall: +1.02014 Q2 · Overall: +5.62014 Q3 · Overall: +6.22014 Q4 · Overall: +4.72015 Q1 · Overall: +4.72015 Q2 · Overall: +8.52015 Q3 · Overall: +4.22015 Q4 · Overall: +5.52016 Q1 · Overall: +7.92016 Q2 · Overall: +7.32016 Q3 · Overall: +3.12016 Q4 · Overall: +10.02017 Q1 · Overall: +7.82017 Q2 · Overall: +7.12017 Q3 · Overall: +5.92017 Q4 · Overall: +10.42018 Q1 · Overall: +6.42018 Q2 · Overall: +4.82018 Q3 · Overall: +7.22018 Q4 · Overall: +6.62019 Q1 · Overall: +6.62019 Q2 · Overall: +7.32019 Q3 · Overall: +6.52019 Q4 · Overall: +6.32020 Q1 · Overall: -4.32020 Q2 · Overall: +1.22020 Q3 · Overall: +5.22020 Q4 · Overall: +5.02021 Q1 · Overall: +4.12021 Q2 · Overall: -0.42021 Q3 · Overall: +4.52021 Q4 · Overall: +6.52022 Q1 · Overall: +1.72022 Q2 · Overall: +5.02022 Q3 · Overall: +4.32022 Q4 · Overall: +6.12023 Q1 · Overall: +6.52023 Q2 · Overall: +2.82023 Q3 · Overall: +2.12023 Q4 · Overall: +11.92024 Q1 · Overall: +6.62024 Q2 · Overall: +7.02024 Q3 · Overall: +11.32024 Q4 · Overall: +9.52025 Q1 · Overall: +2.7
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-15+0+15+292008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · CEO: +9.82008 Q2 · CEO: +2.42008 Q3 · CEO: +5.12008 Q4 · CEO: +2.82009 Q1 · CEO: +0.82009 Q2 · CEO: +1.32009 Q3 · CEO: +4.02009 Q4 · CEO: +2.52010 Q1 · CEO: +5.72010 Q4 · CEO: +5.72011 Q1 · CEO: +2.12011 Q2 · CEO: +0.22011 Q3 · CEO: +4.72011 Q4 · CEO: +7.42012 Q1 · CEO: +13.82012 Q2 · CEO: +6.32012 Q3 · CEO: -5.52012 Q4 · CEO: +8.32013 Q1 · CEO: +7.82013 Q2 · CEO: +3.02013 Q3 · CEO: +8.22013 Q4 · CEO: +4.92014 Q1 · CEO: +8.22014 Q2 · CEO: +10.12014 Q3 · CEO: +10.92014 Q4 · CEO: +10.92015 Q1 · CEO: +7.12015 Q2 · CEO: +11.82015 Q3 · CEO: +8.12015 Q4 · CEO: +12.02016 Q3 · CEO: +3.52016 Q4 · CEO: +15.22017 Q1 · CEO: +12.62017 Q2 · CEO: +14.32017 Q3 · CEO: +13.22017 Q4 · CEO: +15.82018 Q1 · CEO: +16.82018 Q2 · CEO: +9.52018 Q3 · CEO: +14.62018 Q4 · CEO: +17.52019 Q1 · CEO: +12.32019 Q2 · CEO: +19.12019 Q3 · CEO: +15.42019 Q4 · CEO: +16.02020 Q1 · CEO: +1.12020 Q2 · CEO: +7.02020 Q3 · CEO: +13.02020 Q4 · CEO: +14.32021 Q1 · CEO: +10.72021 Q3 · CEO: +9.62021 Q4 · CEO: +18.12022 Q1 · CEO: +6.62022 Q2 · CEO: +15.22022 Q3 · CEO: +14.02022 Q4 · CEO: +15.82023 Q1 · CEO: +2.12023 Q2 · CEO: +5.52023 Q3 · CEO: +10.02023 Q4 · CEO: +23.42024 Q1 · CEO: +13.92024 Q2 · CEO: +10.52024 Q3 · CEO: +25.42024 Q4 · CEO: +15.72025 Q1 · CEO: +12.72008 Q4 · CFO: +5.32009 Q1 · CFO: +1.92009 Q2 · CFO: +0.02009 Q3 · CFO: +0.02009 Q4 · CFO: +1.92010 Q1 · CFO: -1.62010 Q4 · CFO: +3.32011 Q1 · CFO: +2.42011 Q2 · CFO: +1.22011 Q3 · CFO: +3.82011 Q4 · CFO: +1.52012 Q1 · CFO: +0.62012 Q2 · CFO: +0.02012 Q3 · CFO: +2.12012 Q4 · CFO: +2.62013 Q1 · CFO: +5.42013 Q2 · CFO: -3.32013 Q3 · CFO: +0.02013 Q4 · CFO: -0.82014 Q1 · CFO: +0.02014 Q2 · CFO: +0.32014 Q3 · CFO: -0.72014 Q4 · CFO: -1.72015 Q1 · CFO: +6.92015 Q2 · CFO: +3.12015 Q3 · CFO: +0.72015 Q4 · CFO: +2.72016 Q3 · CFO: +5.92016 Q4 · CFO: +5.22017 Q1 · CFO: +4.92017 Q2 · CFO: +3.32017 Q3 · CFO: +4.32017 Q4 · CFO: +1.52018 Q1 · CFO: -2.52018 Q2 · CFO: +4.82018 Q3 · CFO: +3.02018 Q4 · CFO: +5.02019 Q1 · CFO: +8.52019 Q2 · CFO: +1.92019 Q3 · CFO: +4.72019 Q4 · CFO: +0.92020 Q1 · CFO: -6.12020 Q2 · CFO: -3.72020 Q3 · CFO: -2.32020 Q4 · CFO: -1.02021 Q1 · CFO: +0.02021 Q2 · CFO: +0.62021 Q4 · CFO: +1.12022 Q1 · CFO: -1.02022 Q2 · CFO: -3.72022 Q3 · CFO: +0.02022 Q4 · CFO: -0.42023 Q1 · CFO: +6.62023 Q2 · CFO: +4.32023 Q3 · CFO: -2.12023 Q4 · CFO: +6.42024 Q1 · CFO: +8.82024 Q2 · CFO: +7.92024 Q3 · CFO: +11.12024 Q4 · CFO: +8.42025 Q1 · CFO: +6.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-20-10+0+10+202008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Prepared remarks: -0.52008 Q2 · Prepared remarks: +4.12008 Q3 · Prepared remarks: +0.52008 Q4 · Prepared remarks: +4.62009 Q1 · Prepared remarks: +4.12009 Q2 · Prepared remarks: +3.02009 Q3 · Prepared remarks: -0.22009 Q4 · Prepared remarks: +6.02010 Q1 · Prepared remarks: +4.02010 Q4 · Prepared remarks: +4.32011 Q1 · Prepared remarks: +0.52011 Q2 · Prepared remarks: -2.12011 Q3 · Prepared remarks: +1.92011 Q4 · Prepared remarks: +1.92012 Q1 · Prepared remarks: +5.02012 Q2 · Prepared remarks: -0.92012 Q3 · Prepared remarks: -2.72012 Q4 · Prepared remarks: +1.82013 Q1 · Prepared remarks: +2.12013 Q2 · Prepared remarks: -1.02013 Q3 · Prepared remarks: +0.02013 Q4 · Prepared remarks: +1.22014 Q1 · Prepared remarks: +0.82014 Q2 · Prepared remarks: +4.32014 Q3 · Prepared remarks: +3.12014 Q4 · Prepared remarks: +2.12015 Q1 · Prepared remarks: +6.42015 Q2 · Prepared remarks: +8.82015 Q3 · Prepared remarks: +2.62015 Q4 · Prepared remarks: +4.72016 Q1 · Prepared remarks: +7.62016 Q2 · Prepared remarks: +6.42016 Q3 · Prepared remarks: +5.62016 Q4 · Prepared remarks: +8.62017 Q1 · Prepared remarks: +8.32017 Q2 · Prepared remarks: +8.82017 Q3 · Prepared remarks: +8.02017 Q4 · Prepared remarks: +10.22018 Q1 · Prepared remarks: +6.72018 Q2 · Prepared remarks: +5.82018 Q3 · Prepared remarks: +7.62018 Q4 · Prepared remarks: +8.42019 Q1 · Prepared remarks: +12.12019 Q2 · Prepared remarks: +5.12019 Q3 · Prepared remarks: +7.32019 Q4 · Prepared remarks: +5.92020 Q1 · Prepared remarks: -6.12020 Q2 · Prepared remarks: +0.22020 Q3 · Prepared remarks: +2.52020 Q4 · Prepared remarks: +5.02021 Q1 · Prepared remarks: +4.32021 Q2 · Prepared remarks: +0.42021 Q3 · Prepared remarks: +3.12021 Q4 · Prepared remarks: +5.72022 Q1 · Prepared remarks: -0.22022 Q2 · Prepared remarks: +4.52022 Q3 · Prepared remarks: +3.82022 Q4 · Prepared remarks: +4.82023 Q1 · Prepared remarks: +6.72023 Q2 · Prepared remarks: +17.82023 Q3 · Prepared remarks: +5.42023 Q4 · Prepared remarks: +8.52024 Q1 · Prepared remarks: +6.22024 Q2 · Prepared remarks: +12.82024 Q3 · Prepared remarks: +11.72024 Q4 · Prepared remarks: +9.72025 Q1 · Prepared remarks: +6.72008 Q1 · Q&A responses: +4.72008 Q2 · Q&A responses: +4.52008 Q3 · Q&A responses: +1.02008 Q4 · Q&A responses: +0.52009 Q1 · Q&A responses: +4.62009 Q2 · Q&A responses: +0.02009 Q3 · Q&A responses: +5.12009 Q4 · Q&A responses: +2.92010 Q1 · Q&A responses: +5.62011 Q1 · Q&A responses: +3.52011 Q2 · Q&A responses: +3.82011 Q3 · Q&A responses: -0.22011 Q4 · Q&A responses: +2.72012 Q1 · Q&A responses: +5.32012 Q2 · Q&A responses: +3.92012 Q3 · Q&A responses: +0.02012 Q4 · Q&A responses: +1.12013 Q1 · Q&A responses: +5.02013 Q2 · Q&A responses: +5.62013 Q3 · Q&A responses: +5.62013 Q4 · Q&A responses: +5.22014 Q1 · Q&A responses: +7.42014 Q2 · Q&A responses: +8.92014 Q3 · Q&A responses: +10.72014 Q4 · Q&A responses: +7.42015 Q1 · Q&A responses: +4.72015 Q3 · Q&A responses: +8.12015 Q4 · Q&A responses: +10.42016 Q1 · Q&A responses: +11.62016 Q2 · Q&A responses: +13.32016 Q3 · Q&A responses: +1.72016 Q4 · Q&A responses: +15.62017 Q1 · Q&A responses: +10.72017 Q2 · Q&A responses: +7.52017 Q3 · Q&A responses: +8.92017 Q4 · Q&A responses: +14.92018 Q1 · Q&A responses: +12.62018 Q2 · Q&A responses: +6.02018 Q3 · Q&A responses: +10.02018 Q4 · Q&A responses: +14.92019 Q1 · Q&A responses: +3.22019 Q2 · Q&A responses: +13.02019 Q3 · Q&A responses: +9.62019 Q4 · Q&A responses: +12.82020 Q1 · Q&A responses: +2.52020 Q2 · Q&A responses: +4.32020 Q3 · Q&A responses: +10.12021 Q3 · Q&A responses: +9.82021 Q4 · Q&A responses: +11.82022 Q1 · Q&A responses: +5.32022 Q2 · Q&A responses: +16.92022 Q3 · Q&A responses: +7.12022 Q4 · Q&A responses: +9.62023 Q2 · Q&A responses: +0.42023 Q3 · Q&A responses: -0.22023 Q4 · Q&A responses: +17.12024 Q1 · Q&A responses: +7.82024 Q2 · Q&A responses: +4.12024 Q3 · Q&A responses: +12.12024 Q4 · Q&A responses: +9.82025 Q1 · Q&A responses: +5.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.97$4.67$8.372008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: $1.722014 Q2: $1.492014 Q3: $1.952014 Q4: $2.012015 Q1: $2.002015 Q2: $2.002015 Q3: $2.152015 Q4: $2.232016 Q1: $2.372016 Q2: $2.442016 Q3: $2.612016 Q4: $2.722017 Q1: $2.692017 Q2: $2.832017 Q3: $2.982017 Q4: $3.112018 Q1: $3.362018 Q2: $3.652018 Q3: $3.962018 Q4: $4.232019 Q1: $4.212019 Q2: $4.212019 Q3: $4.442019 Q4: $4.682020 Q1: $4.652020 Q2: $3.652020 Q3: $4.022020 Q4: $4.452021 Q1: $4.402021 Q2: $4.882021 Q3: $5.362021 Q4: $5.572022 Q1: $5.242022 Q2: $5.372022 Q3: $5.252022 Q4: $5.462023 Q1: $5.552023 Q2: $5.952023 Q3: $6.282023 Q4: $6.442024 Q1: $6.522024 Q2: $6.832024 Q3: $7.422024 Q4: $7.86

Forward P/E

22.7246.4970.262008 Q12010 Q42013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: 28.072014 Q2: 30.242014 Q3: 27.012014 Q4: 28.202015 Q1: 28.342015 Q2: 27.152015 Q3: 26.622015 Q4: 27.162016 Q1: 27.562016 Q2: 29.442016 Q3: 28.662016 Q4: 26.002017 Q1: 30.782017 Q2: 35.572017 Q3: 38.852017 Q4: 39.772018 Q1: 43.732018 Q2: 44.732018 Q3: 46.812018 Q4: 37.192019 Q1: 44.142019 Q2: 41.332019 Q3: 39.872019 Q4: 42.182020 Q1: 29.172020 Q2: 52.762020 Q3: 57.332020 Q4: 57.382021 Q1: 54.872021 Q2: 59.522021 Q3: 65.022021 Q4: 59.542022 Q1: 53.082022 Q2: 36.562022 Q3: 40.152022 Q4: 51.402023 Q1: 42.192023 Q2: 54.342023 Q3: 48.202023 Q4: 51.082024 Q1: 58.762024 Q2: 63.692024 Q3: 65.022024 Q4: 66.98

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↑ +4.6 fwd EPS ↓ -0.23 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↓ -4.2 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -4.2 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -4.0 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.5 fwd EPS ↓ -0.99 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -4.5 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -3.7 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -5.3 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+2.7——View →
2024 Q42025-01-23+9.5$7.8667.0View →
2024 Q32024-10-17+11.3$7.4265.0View →
2024 Q22024-07-18+7.0$6.8363.7View →
2024 Q12024-04-18+6.6$6.5258.8View →
2023 Q42024-01-23+11.9$6.4451.1View →
2023 Q32023-10-19+2.1$6.2848.2View →
2023 Q22023-07-20+2.8$5.9554.3View →