EXHIBIT 99.1

INTUITIVE SURGICAL, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(IN THOUSANDS, EXCEPT PER SHARE DATA)

		3 Months Ended
		9/30/03				9/30/02
Sales:
Products		$	20,651			$	15,723
Services			2,742				1,358
Total sales			23,393				17,081
Cost of sales:
Products			9,305				7,499
Services			1,009				841
Total cost of sales			10,314				8,340
Gross profit			13,079				8,741
Gross profit    %			55.9	%			51.2	%
Operating costs and expenses:
Selling, general, and administrative			12,335				11,693
Research and development			4,407				3,890
Total operating costs and expenses			16,742				15,583
Income/(loss) from operations			(3,663	)			(6,842	)
Interest income/(expense)			310				378
Net income/(loss)		$	(3,353	)		$	(6,464	)
Net income/(loss) per share –
Basic and diluted		$	(0.12	)		$	(0.35	)
Weighted average shares outstanding used to compute net loss per share –
Basic and diluted			26,878				18,250

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INTUITIVE SURGICAL, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(IN THOUSANDS, EXCEPT PER SHARE DATA)

		9 Months Ended
		9/30/03				9/30/02
Sales:
Products		$	57,317			$	47,424
Services			6,764				3,453
Total Sales			64,081				50,877
Cost of sales:
Products			23,982				22,666
Services			2,976				2,406
Total cost of sales			26,958				25,072
Gross profit			37,123				25,805
Gross profit    %			57.9	%			50.7	%
Operating costs and expenses:
Selling, general, and administrative			31,933				30,262
Research and development			11,457				12,767
Total operating costs and expenses			43,390				43,029
Income/(loss) from operations			(6,267	)			(17,224	)
Interest income/(expense)			1,499				1,403
Net income/(loss)		$	(4,768	)		$	(15,821	)
Net income/(loss) per share – basic and diluted		$	(0.22	)		$	(0.87	)
Weighted average shares outstanding used to compute net loss per share			21,296				18,199

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INTUITIVE SURGICAL, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(IN THOUSANDS)

		9/30/03				6/30/03
Assets
Current assets:
Cash and cash equivalents		$	12,478			$	17,681
Short-term investments			22,971				25,169
Accounts receivable, net			23,656				21,855
Non trade receivable			500				—
Inventories, net			12,746				13,601
Prepaid expenses			2,753				2,046
Total current assets			75,104				80,352
Property and equipment, net			10,688				11,630
Goodwill			142,995				142,658
Other assets			9,977				10,843
Total assets		$	238,764			$	245,483
Liabilities and stockholders’ equity
Current Liabilities:
Accounts payable		$	11,420			$	17,204
Accrued compensation and employee benefits			5,248				5,282
Warranty provision			1,331				2,005
Restructuring Reserve			1,332				3,444
Accrued liabilities			2,629				2,485
Deferred revenue			9,224				7,131
Current portion of notes payable			1,156				1,244
Total current liabilities			32,340				38,795
Notes payable			950				1,235
Long term deferred revenue			827				877
Stockholders’ equity
Common stock			27				27
Preferred stock			—				—
Additional paid-in capital			337,738				334,162
Deferred compensation			(375	)			(434	)
Accumulated deficit			(133,559	)			(130,206	)
Accumulated other comprehensive income			816				1,027
Total stockholders’ equity			204,647				204,576
Total liabilities and stockholders’ equity		$	238,764			$	245,483

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