MDT
Medtronic plc97.72
-0.85-0.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Launch metrics signal FY27 acceleration
Q&A armed investors with leading indicators for FY27 growth accelerators: Symplicity's DTC visits exploded to 2.5 million (50x prior), 200+ new accounts and 100 million covered lives; Altaviva trained 500+ physicians. Stealth AXiS details emerged as workflow game-changer, fitting 70% navigated spine cases to boost robotics adoption. Management outlined EPS high single-digits despite $300M tariff carryover, interim Diabetes dilution ($0.01-0.02/month) and $0.04-0.05 M&A hits; CAS mix improves H2 FY27. Hugo ramps Q4 but won't lift Surgical yet. Launches gaining real traction. Watch execution on these ramps.
Key Stats
Market Cap
125.34BP/E (TTM)
26.48Basic EPS (TTM)
3.69Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2026 results
Medtronic posted Q3 FY2026 net sales of $9.0B, up 9% y/y, with Cardiovascular surging 14% on cardiac ablation and rhythm management strength, while Diabetes climbed 15% via MiniMed 780G adoption. Operating profit dipped to $1.5B from $1.6B y/y amid $172M restructuring tied to the Diabetes spin-off, yet diluted EPS held at $0.89 on 1,290M shares. Free cash flow strengthened to $3.3B YTD (derived), cash at $1.1B with $28B debt steady. Restructuring supports MiniMed separation by FY2027. Litigation lingers.
8-K
Q3 revenue beats, CV soars
Medtronic posted Q3 FY26 revenue of $9.0B, up 8.7% reported and 6.0% organic, beating guidance. Cardiovascular surged 10.6% organically, driven by Cardiac Ablation Solutions' 80% leap; Diabetes climbed 8.3%. Key wins: FDA nods for Hugo robot and Stealth AXiS, plus CathWorks and Anteris buys. Reiterates FY26 guidance despite $185M tariff hit. Momentum builds.
10-Q
Q2 FY2026 results
Medtronic posted Q2 FY2026 net sales of $8.96B, up 6.6% y/y from $8.40B, with operating profit climbing to $1.69B (19.8% margin) from $1.60B (19.0%) on broad growth across Cardiovascular (11% y/y), Neuroscience (5%), and Diabetes (10%). Diluted EPS held steady at $1.07 amid stable 1.288B shares, while YTD sales surged 7.5% to $17.54B and EPS edged up to $1.87 from $1.79. Operating cash flow strengthened 3.5% YTD to $2.01B, yielding $1.04B free cash flow (derived) after $972M capex, even as cash dipped to $1.28B with $1.42B current debt and $27.68B long-term. Diabetes separation advances on track. Hernia mesh suits loom large.
8-K
Q2 beats, raises FY26 guidance
Medtronic posted Q2 FY26 revenue of $9.0B, up 6.6% reported and 5.5% organic, beating guidance. Cardiovascular surged 9.3% organically, powered by 71% Cardiac Ablation Solutions growth from PFA portfolio. Raised FY26 outlook to 5.5% organic revenue growth and $5.62-$5.66 non-GAAP EPS. Momentum builds.
8-K
EVP Smith retires December 2
Medtronic's Executive VP of Enterprise Operations, Gregory L. Smith, announced retirement effective December 2, 2025, after notifying the company on November 1. He departs for a private equity-held firm. Equity awards accelerate for options; RSUs and PSUs vest per agreements. Smooth transition undisclosed.
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