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Medtronic plc (MDT) Stock: Price, Forecast & Analyst Target

Medtronic plc (MDT) — MoonshotScore 80/100 (Exceptional band), calculated Oct 4, 2026. Price $86.38 (-0.07%), as of the Oct 2, 2026 trading session; market cap $111B. Expected results Nov 17, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 12.59× (market value Oct 2, 2026; cash Jul 31, 2026) · expected results Nov 17, 2026

$86.38 −$0.06 (-0.07%) Market Cap $111B

Medtronic plc · MDT · NYSE · Healthcare · Medical - Devices

Research dated 2026-09-12: Medtronic sells device-based therapies spanning cardiovascular care, surgery, neuroscience, and diabetes, with revenue tied to procedures, implanted systems, clinical platforms, monitoring, and recurring consumables. The case now depends on whether expanding sales can produce durable operating leverage without gross-profit pressure or uneven cash conversion weakening the result.

Price as of Oct 2, 2026

Key Statistics

80 of 100

MoonshotScore v2 · Medtronic (MDT)

Exceptional
Business Quality Elite (86)
Financial Safety Okay (53)
Valuation Fair (66)
Growth Durability Compounding (81)
Momentum Rising (68)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, though the balance sheet is only middling. Business Quality: Elite; Financial Safety: Okay; Valuation: Fair; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $9.76B (Q1 FY2027, quarter ended Jul 2026)
  • EPS beat 6 of 8
  • Altman Z 2.88 · Piotroski F 9

Helping: business quality, durable growth, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for MDT (29 recorded, newest six shown)
RecordedScoreBand
79Strong
80Strong
80Strong
80Strong
80Exceptional
80Exceptional

The score was 80 in the stored Oct 3, 2026 snapshot and remains 80 in the current publication computed Oct 4, 2026 (0).

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$86.38
Change on the day-0.07%
52-week range$73.31–$106.33
Market capitalisation$111B
Price / earnings (trailing)21.14
Shares traded on the day34.60M
Beta (volatility vs the S&P 500)0.57
Dividends per share (last 12 months)$2.86
Dividend yield (last 12 months)3.31%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $74, high $105, latest $86. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $105 $74 high $105 Nov 18, 2025 · Earnings results · reported above the recorded estimate · close $1011Feb 17, 2026 · Earnings results · reported above the recorded estimate · close $972Jun 3, 2026 · Earnings results · reported above the recorded estimate · close $823Sep 1, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $944Sep 1, 2026 · Earnings results · reported above the recorded estimate · close $945 Sep 5, 2025 Oct 2, 2026 · $86 $93Sep 5, 2025$95Sep 19, 2025$98Oct 3, 2025$96Oct 17, 2025$91Oct 31, 2025$96Nov 14, 2025$105Nov 28, 2025$100Dec 12, 2025$97Dec 26, 2025$98Jan 9, 2026$101Jan 23, 2026$103Feb 6, 2026$97Feb 20, 2026$91Mar 6, 2026$86Mar 20, 2026$87Apr 2, 2026$86Apr 17, 2026$80May 1, 2026$76May 15, 2026$74May 29, 2026$80Jun 12, 2026$81Jun 26, 2026$84Jul 10, 2026$83Jul 24, 2026$87Aug 7, 2026$93Aug 21, 2026$94Sep 4, 2026$92Sep 18, 2026$86Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

Dated events ahead, in order, not to scaleOct 16, 2026, Dividend payment date; Nov 17, 2026, Next results due. Spacing is order only and carries no duration.Oct 2, 20261Oct 16, 20262Nov 17, 2026
  1. Dividend payment dateCompany record
  2. Next results dueProvider estimate

Management outlook

  • Taken together, we expect fiscal year '27 operating profit to grow approximately 10%, with operating margin expanding approximately 50 basis points year-over-year.

    Thierry Pieton · Statement from

  • And on the full year, we're going to deliver a leverage P&L.

    Thierry Pieton · Statement from

Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Medtronic (MDT): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Moderate
Business Quality Strong
Financial Safety Neutral
Valuation Moderate

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Unfavorable read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 1, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Moderate
Revenue Growth Neutral
Debt/Equity Neutral
ROE Neutral
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the MDT film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Medtronic (MDT), and what does it report?

Short answer · as of

Medtronic plc is more than a conventional medical-device manufacturer.

Research dated 2026-09-12.

Medtronic plc is more than a conventional medical-device manufacturer. Its portfolio reaches from pacemakers, defibrillators, valves, and stent grafts to surgical instruments, robotic guidance, imaging, ventilation, insulin pumps, glucose monitoring, and the consumables and software attached to those therapies.

Reported revenue therefore measures a blend of implant demand, procedure activity, equipment and instrument use, patient monitoring, and recurring diabetes supplies. Cardiovascular contributes the largest segment base, followed by neuroscience and medical surgical, while diabetes is smaller but carries a distinct consumables component.

The income statement reflects the combined portfolio rather than a uniform product cycle. Annual revenue and net income have advanced recently, while quarterly profit and cash flow still fluctuate enough to make operating leverage more informative than sales growth alone.

Sources (as of 2026-09-12): Legal name; Sector / industry (provider taxonomy); Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

2 · Latest results

What do the latest results show for Medtronic (MDT)?

Short answer · as of

The most recent reported quarter, Q1 FY2027, carried revenue of $9.76B.

Research dated 2026-09-12.

The latest quarter extended year-over-year revenue growth even as sales eased from the immediately preceding period. Operating profit, net income, and diluted earnings improved against the preceding quarter and year-earlier period, but gross profit retreated sequentially, leaving a stronger bottom line without uniform improvement across the statement.

Reported revenue and adjusted earnings cleared consensus, continuing a pattern of adjusted earnings finishing above expectations. That record shows dependable execution against forecasts, while the gross-profit and operating-cash-flow series show why headline beats alone do not establish improving economics.

Management has committed to operating-profit growth and margin expansion and describes the full-year model as leveraged. That is a forward commitment rather than an explanation for the latest change, and it will be tested by the relationship among revenue, gross profit, operating expenses, and cash generation.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$9.76B Jul 31, 2026
Latest quarter · R&D
$771.00M Jul 31, 2026
Latest quarter · SG&A
$3.20B Jul 31, 2026
Latest quarter · FMP standardized operating result
$1.76B Jul 31, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jul 31, 2026$9.76B$771.00M$3.20B$1.76B
Apr 24, 2026$9.81B$671.00M$3.06B$1.56B
Jan 23, 2026$9.02B$722.00M$2.96B$1.77B
Oct 24, 2025$8.96B$754.00M$2.97B$1.69B

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$9.76B Sep 1, 2026
Latest report · revenue estimate
$9.55B Sep 1, 2026
Latest report · revenue vs estimate
Above estimate Sep 1, 2026
Latest report · EPS vs estimate
Above estimate Sep 1, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Sep 1, 2026$9.76B$9.55B$1.4500$1.3900
Jun 3, 2026$9.81B$9.62B$1.5500$1.5400
Feb 17, 2026$9.02B$8.91B$1.3600$1.3400
Nov 18, 2025$8.96B$8.87B$1.3600$1.3100

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q1 FY2027$9.76B$1.47B$1.14 (diluted)
Q4 FY2026$9.81B$1.24B$0.96 (diluted)
Q3 FY2026$9.02B$1.14B$0.89 (diluted)
Q2 FY2026$8.96B$1.37B$1.07 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Medtronic (MDT)?

Short answer

Cash and short-term investments were $8.82B at the Jul 31, 2026 balance-sheet date. Operating cash flow was $1.79B for the quarter ended Jul 31, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Liquidity is substantial and near-term coverage ratios are comfortable, but cash and investments do not offset total debt. The balance sheet is therefore liquid rather than debt-free, with a meaningful net debt position despite a cash balance that remains above much of its recent range.

Operating cash flow has remained positive, and capital spending has consumed a minority of that inflow in every displayed period. Cash conversion is uneven across quarters, however, so a strong period should not be treated as the normal run rate.

The operating risk is visible in the latest cost structure: stable sequential revenue coincided with lower gross profit and higher selling and administrative expense. If that combination persists, it would work directly against management’s leverage objective; weakness in cardiovascular procedures would matter especially because that portfolio supplies the largest segment contribution.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Trailing twelve-month ratio set; Operating cash flow by quarter (USD millions); Quarterly income statement (USD thousands); Revenue by segment; Business description; Distress and quality screens; Management outlook — dated call excerpts

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$1.79B Jul 31, 2026
Previous quarter · operating cash flow
$2.57B Apr 24, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jul 31, 2026$1.79B−$503.00M
Apr 24, 2026$2.57B−$488.00M
Jan 23, 2026$2.74B−$444.00M
Oct 24, 2025$925.00M−$468.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Medtronic (MDT)?

Short answer · as of

The next earnings report is expected on Nov 17, 2026.

Research dated 2026-09-12.

The next results should be read through gross profit and operating expense behavior, not merely the adjusted earnings comparison. Revenue holding near its recent level would carry more weight if operating profit expands without another sequential gross-profit setback or disproportionate growth in selling and administrative costs.

Cash conversion deserves a separate check. Operating cash flow has varied sharply despite steadier capital spending, while cash and short-term investments slipped from the latest peak and debt remains far larger than liquid resources.

Longer-range consensus embeds continued revenue and earnings expansion. Evidence for that path would be broader segment growth accompanied by rising operating profit and cash flow, especially if cardiovascular remains the main contributor and diabetes adds recurring pump and monitoring demand.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Revenue by segment; Business description; Management outlook — dated call excerpts

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Taken together, we expect fiscal year '27 operating profit to grow approximately 10%, with operating margin expanding approximately 50 basis points year-over-year.

    Thierry Pieton ·

  2. And on the full year, we're going to deliver a leverage P&L.

    Thierry Pieton ·

5 · Peer comparison

How does Medtronic compare with its peers?

Short answer

Medtronic's score ranks tied for 11th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Medtronic differs from a narrowly focused device maker because its revenue spans implantable cardiac therapies, surgical tools and platforms, neuroscience systems, patient monitoring, and diabetes devices with associated consumables. The portfolio mixes procedure-linked products, durable clinical systems, software-enabled monitoring, and repeat-use supplies rather than relying on a uniform purchasing pattern.

Cardiovascular remains the economic anchor, but neuroscience and medical surgical also carry material scale, while diabetes contributes a smaller and more recurring product relationship. That breadth reduces dependence on a narrowly defined therapy while making consolidated margins sensitive to portfolio mix and spending across several development programs.

Established profitability, positive free cash generation, and sustained research spending characterize Medtronic more accurately than a high-growth device profile. Its relevant comparison is therefore with diversified medical-technology platforms whose value depends on steady clinical adoption and operating discipline across mature and developing franchises.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Vertex Pharmaceuticals Incorporated (VRTX) Named competitor$504.73 Oct 2, 2026$128B97 5-pillar Oct 4, 2026
DexCom, Inc. (DXCM) Same industry, near in market value$85.36 Oct 2, 2026$32.2B96 5-pillar Oct 4, 2026
Penumbra, Inc. (PEN) Same industry, near in market value$317.55 Oct 2, 2026$12.5B95 5-pillar Oct 4, 2026
Bristol-Myers Squibb Company (BMY) Named competitor$61.15 Oct 2, 2026$125B91 5-pillar Oct 4, 2026
Edwards Lifesciences Corporation (EW) Same industry, near in market value$85.15 Oct 2, 2026$49.0B90 5-pillar Oct 4, 2026
GSK plc (GSK) Named competitor$47.03 Oct 2, 2026$94.2B88 5-pillar Oct 4, 2026
STERIS plc (STE) Same industry, near in market value$208.54 Oct 2, 2026$20.3B87 5-pillar Oct 4, 2026
Smith & Nephew plc (SNN) Same industry, near in market value$26.42 Oct 2, 2026$11.1B87 5-pillar Oct 4, 2026
Boston Scientific Corporation (BSX) Same industry, near in market value$42.60 Oct 2, 2026$63.3B84 5-pillar Oct 4, 2026
Sanofi (SNY) Named competitor$39.92 Oct 2, 2026$95.9B83 5-pillar Oct 4, 2026
Medtronic (MDT) — this page$86.38$111B80
Zimmer Biomet Holdings, Inc. (ZBH) Same industry, near in market value$88.29 Oct 2, 2026$17.1B80 5-pillar Oct 4, 2026
Stryker Corporation (SYK) Same industry, near in market value$275.43 Oct 2, 2026$106B79 5-pillar Oct 4, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

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The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$83.00 – $115.00
Consensus target
$98.00
Median target
$98.00

Consensus record · Captured .

Measured against a quoted price of $86.38 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 16, 2026

Transactions
46
Identified insiders
8
Purchases
0
Sales
4
Other transactions
42

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
86.1% Period end Jun 30, 2026
Previous quarter · ownership
85.4% Prior to period end Jun 30, 2026
Reporting holders
2,206 Period end Jun 30, 2026
Previous quarter · holders
2,313 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.114,020,787
Vanguard Capital Management LLC83,816,735
State Street Corp63,399,315
Vanguard Portfolio Management LLC34,059,967
Geode Capital Management, LLC30,192,015

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Medtronic (MDT)?

Read these with our analysis →

Medtronic Healthcare Stock: Key Questions Answered

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

What makes Medtronic more than a pacemaker company?

Pacemakers sit inside a much broader cardiovascular franchise, while surgical instruments, robotic and imaging systems, neuroscience therapies, ventilation, patient monitoring, insulin pumps, glucose monitoring, and recurring consumables extend the business across many clinical workflows.

Sources (as of 2026-09-12): Business description; Revenue by segment

Why is Medtronic’s Diabetes unit economically different from its surgical businesses?

Diabetes combines pumps and smart delivery hardware with glucose monitoring and associated consumables, creating an ongoing patient-product relationship. Medical surgical is more directly connected to instruments, platforms, monitoring equipment, and therapies used around clinical procedures.

Sources (as of 2026-09-12): Business description; Revenue by segment

Can Medtronic deliver the operating leverage management described?

Recent operating profit moved favorably, but the latest sequential decline in gross profit and rise in selling and administrative expense set a demanding test. Leverage becomes visible when operating profit and cash flow advance with revenue rather than depending only on adjusted earnings performance.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters

How should investors read Medtronic’s repeated adjusted earnings beats?

The pattern shows consistent delivery relative to consensus, but it does not settle the quality of the underlying improvement. Gross profit, operating profit, and operating cash flow reveal whether those beats are accompanied by stronger business economics.

Sources (as of 2026-09-12): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

What is the MDT stock price today?

The last price recorded on this page for Medtronic plc (MDT) is $86.38, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the MDT price target?

The analyst consensus price target for Medtronic plc (MDT) is $98.00 (range $83.00 to $115.00, median $98.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does MDT pay a dividend?

Yes. Medtronic plc (MDT) shows a trailing 12-month dividend yield of 3.31%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (85 figures)

The 85 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsThierry Pieton (Sep 1, 2026): Taken together, we expect fiscal year '27 operating profit to grow approximately 10%, with operating margin expanding approximately 50 basis points year-over-year. Thierry Pieton (Sep 1, 2026): And on the full year, we're going to deliver a leverage P&L.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressBuilding TWO Parkmore Business Park West, Galway, H91 4K49OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "Building Two, Parkmore Business Park West, Galway, GA, H91 4K49, IE". The FMP company description names Dublin, Ireland as the headquarters; this page uses the address in this row.

FMP — 74 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 17, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$86.38FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T18:04:29.351Z.
px.changeChange on the day-0.07%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$111BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T18:04:26.426Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.06FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q1 FY2027$9.76BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$73.31–$106.33FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)21.14FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day34.60MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.57FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveGeoffrey Straub MarthaFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees95,000FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2022 through FY2026: FY2022 revenue $31.69B, net result $5.04B; FY2023 revenue $31.23B, net result $3.76B; FY2024 revenue $32.36B, net result $3.68B; FY2025 revenue $33.54B, net result $4.66B; FY2026 revenue $36.36B, net result $4.80BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsDiabetes Group $3.11B · Medical Surgical $8.81B · Neuroscience Group $10.29B · Cardiac and Vascular Group $13.98BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)66.7%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-07-31.revenue_kRevenue — period end 2026-07-31$9.76BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.rd_kR&D — period end 2026-07-31$771.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.sga_kSG&A — period end 2026-07-31$3.20BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.operating_result_kFMP standardized operating result — period end 2026-07-31$1.76BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-24.revenue_kRevenue — period end 2026-04-24$9.81BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-24.rd_kR&D — period end 2026-04-24$671.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-24.sga_kSG&A — period end 2026-04-24$3.06BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-24.operating_result_kFMP standardized operating result — period end 2026-04-24$1.56BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-23.revenue_kRevenue — period end 2026-01-23$9.02BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-23.rd_kR&D — period end 2026-01-23$722.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-23.sga_kSG&A — period end 2026-01-23$2.96BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-23.operating_result_kFMP standardized operating result — period end 2026-01-23$1.77BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-24.revenue_kRevenue — period end 2025-10-24$8.96BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-24.rd_kR&D — period end 2025-10-24$754.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-24.sga_kSG&A — period end 2025-10-24$2.97BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-24.operating_result_kFMP standardized operating result — period end 2025-10-24$1.69BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-09-01.revenue_actualRevenue · reported — report date 2026-09-01$9.76BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.revenue_estimatedRevenue · estimate — report date 2026-09-01$9.55BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.eps_actualEPS · reported — report date 2026-09-01$1.4500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.eps_estimatedEPS · estimate — report date 2026-09-01$1.3900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-03.revenue_actualRevenue · reported — report date 2026-06-03$9.81BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-03.revenue_estimatedRevenue · estimate — report date 2026-06-03$9.62BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-03.eps_actualEPS · reported — report date 2026-06-03$1.5500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-03.eps_estimatedEPS · estimate — report date 2026-06-03$1.5400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.revenue_actualRevenue · reported — report date 2026-02-17$9.02BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.revenue_estimatedRevenue · estimate — report date 2026-02-17$8.91BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.eps_actualEPS · reported — report date 2026-02-17$1.3600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.eps_estimatedEPS · estimate — report date 2026-02-17$1.3400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-18.revenue_actualRevenue · reported — report date 2025-11-18$8.96BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-18.revenue_estimatedRevenue · estimate — report date 2025-11-18$8.87BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-18.eps_actualEPS · reported — report date 2025-11-18$1.3600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-18.eps_estimatedEPS · estimate — report date 2025-11-18$1.3100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q1 FY2027FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$8.82BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$1.79BFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-07-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$1.31BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$28.15BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value2.20×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-07-31.operating_cash_flow_mOperating cash flow — period end 2026-07-31$1.79BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-24.operating_cash_flow_mOperating cash flow — period end 2026-04-24$2.57BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-07-31.capex_mCapital expenditure (reported) — period end 2026-07-31−$503.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-24.capex_mCapital expenditure (reported) — period end 2026-04-24−$488.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-01-23.operating_cash_flow_mOperating cash flow — period end 2026-01-23$2.74BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-01-23.capex_mCapital expenditure (reported) — period end 2026-01-23−$444.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-24.operating_cash_flow_mOperating cash flow — period end 2025-10-24$925.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-24.capex_mCapital expenditure (reported) — period end 2025-10-24−$468.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$83.00 – $115.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$98.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$98.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP46 transactions · 0 purchases, 4 sales, 42 other transactions · 8 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 16, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership86.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership85.4%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders2,206FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders2,313FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot114,020,787FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Capital Management LLC — shares in provider snapshot83,816,735FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesState Street Corp — shares in provider snapshot63,399,315FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesVanguard Portfolio Management LLC — shares in provider snapshot34,059,967FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesGeode Capital Management, LLC — shares in provider snapshot30,192,015FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 2.88 · Piotroski F 9UNRECORDEDStored financial-scores observation — Captured 2026-10-04

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments12.59×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $8.82B at Jul 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-07-31. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$2.86COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months3.31%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-09-01.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($9.76B) with the recorded estimate ($9.55B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-09-01.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.4500) with the recorded estimate ($1.3900) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v280 of 100 · Exceptional · pillars 86 / 53 / 66 / 81 / 68OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement80 (stored snapshot Oct 3, 2026) → 80 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-07-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-07-31.revenue_k, fin.q_table.depth.2026-07-31.rd_k, fin.q_table.depth.2026-07-31.sga_k, fin.q_table.depth.2026-07-31.operating_result_k, fin.q_table.depth.2026-04-24.revenue_k, fin.q_table.depth.2026-04-24.rd_k, fin.q_table.depth.2026-04-24.sga_k, fin.q_table.depth.2026-04-24.operating_result_k, fin.q_table.depth.2026-01-23.revenue_k, fin.q_table.depth.2026-01-23.rd_k, fin.q_table.depth.2026-01-23.sga_k, fin.q_table.depth.2026-01-23.operating_result_k, fin.q_table.depth.2025-10-24.revenue_k, fin.q_table.depth.2025-10-24.rd_k, fin.q_table.depth.2025-10-24.sga_k, fin.q_table.depth.2025-10-24.operating_result_k.
  2. Earnings-history note. Source series as of 2026-09-01. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-09-01.revenue_actual, earn.history.depth.2026-09-01.revenue_estimated, earn.history.depth.2026-09-01.revenue_actual.comparison, earn.history.depth.2026-09-01.eps_actual.comparison, earn.history.depth.2026-09-01.eps_actual, earn.history.depth.2026-09-01.eps_estimated, earn.history.depth.2026-06-03.revenue_actual, earn.history.depth.2026-06-03.revenue_estimated, earn.history.depth.2026-06-03.eps_actual, earn.history.depth.2026-06-03.eps_estimated, earn.history.depth.2026-02-17.revenue_actual, earn.history.depth.2026-02-17.revenue_estimated, earn.history.depth.2026-02-17.eps_actual, earn.history.depth.2026-02-17.eps_estimated, earn.history.depth.2025-11-18.revenue_actual, earn.history.depth.2025-11-18.revenue_estimated, earn.history.depth.2025-11-18.eps_actual, earn.history.depth.2025-11-18.eps_estimated.
  3. Cash-flow note. Source series as of 2026-07-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-07-31.operating_cash_flow_m, fin.opcf.depth.2026-04-24.operating_cash_flow_m, fin.opcf.depth.2026-07-31.capex_m, fin.opcf.depth.2026-04-24.capex_m, fin.opcf.depth.2026-01-23.operating_cash_flow_m, fin.opcf.depth.2026-01-23.capex_m, fin.opcf.depth.2025-10-24.operating_cash_flow_m, fin.opcf.depth.2025-10-24.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Medtronic plc is a leading global medical technology enterprise that invents, develops, manufactures, and distributes an extensive range of device-based medical therapies. These solutions serve healthcare systems, clinicians, physicians, and patients across the world. The company's operations are categorized into several key portfolios: Cardiovascular Portfolio: This segment focuses on cardiac health, providing technologies for heart rhythm management, including implantable pacemakers, defibrillators, and monitoring systems, alongside cardiac ablation tools and remote patient software. It also addresses structural heart issues with products like aortic and pulmonary valves, surgical repair devices, and endovascular stent grafts, in addition to offerings for percutaneous coronary interventions (e.g., angioplasty balloons). Medical Surgical Portfolio: Offering a broad spectrum of surgical instruments and therapies, this division includes staples, vessel sealing devices, wound closure products, and electrosurgical equipment. It also pioneers surgical artificial intelligence and robotic-assisted platforms, alongside solutions for hernia repair, gynecology, lung conditions, minimally invasive gastrointestinal and hepatologic diagnostics, patient monitoring, airway management, ventilation therapies, and renal disease. Neuroscience Portfolio: This division delivers specialized products for a diverse group of medical professionals, such as spinal surgeons, neurosurgeons, neurologists, pain management specialists, and ENT experts. Its offerings span energy surgical instruments, advanced image-guided and intra-operative imaging systems, robotic guidance for spine procedures, and therapies targeting the brain's vasculature. Diabetes Operating Unit: Dedicated to diabetes management, this unit provides innovative solutions like insulin pumps and their associated consumables, continuous glucose monitoring (CGM) systems, and smart insulin pen technologies. Established in 1949, Medtronic plc maintains its corporate headquarters in Dublin, Ireland.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Diabetes Group: $3.11B; Medical Surgical: $8.81B; Neuroscience Group: $10.29B; Cardiac and Vascular Group: $13.98B
2026-04-24FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2026 — R&D: $2.87B, Revenue: $36.36B, Period end: 2026-04-24, Net result: $4.80B
  • FY2025 — R&D: $2.73B, Revenue: $33.54B, Period end: 2025-04-25, Net result: $4.66B
  • FY2024 — R&D: $2.73B, Revenue: $32.36B, Period end: 2024-04-26, Net result: $3.68B
  • FY2023 — R&D: $2.70B, Revenue: $31.23B, Period end: 2023-04-28, Net result: $3.76B
  • FY2022 — R&D: $2.75B, Revenue: $31.69B, Period end: 2022-04-29, Net result: $5.04B
2026-04-24FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — EPS: $1.14 per share, R&D: $771.00M, SG&A: $3.20B, EPS basic: $1.15 per share, EPS basis: diluted, Revenue: $9.76B, EPS diluted: $1.14 per share, Net result: $1.47B, Gross profit: $6.34B, Operating result: $1.76B
  • Quarter ended 2026-04-24 — EPS: $0.96 per share, R&D: $671.00M, SG&A: $3.06B, EPS basic: $0.98 per share, EPS basis: diluted, Revenue: $9.81B, EPS diluted: $0.96 per share, Net result: $1.24B, Gross profit: $7.44B, Operating result: $1.56B
  • Quarter ended 2026-01-23 — EPS: $0.89 per share, R&D: $722.00M, SG&A: $2.96B, EPS basic: $0.89 per share, EPS basis: diluted, Revenue: $9.02B, EPS diluted: $0.89 per share, Net result: $1.14B, Gross profit: $5.85B, Operating result: $1.77B
  • Quarter ended 2025-10-24 — EPS: $1.07 per share, R&D: $754.00M, SG&A: $2.97B, EPS basic: $1.07 per share, EPS basis: diluted, Revenue: $8.96B, EPS diluted: $1.07 per share, Net result: $1.37B, Gross profit: $5.41B, Operating result: $1.69B
  • Quarter ended 2025-07-25 — EPS: $0.81 per share, R&D: $726.00M, SG&A: $2.81B, EPS basic: $0.81 per share, EPS basis: diluted, Revenue: $8.58B, EPS diluted: $0.81 per share, Net result: $1.04B, Gross profit: $4.95B, Operating result: $1.45B
  • Quarter ended 2025-04-25 — EPS: $0.82 per share, R&D: $684.00M, SG&A: $2.72B, EPS basic: $0.82 per share, EPS basis: diluted, Revenue: $8.93B, EPS diluted: $0.82 per share, Net result: $1.06B, Gross profit: $5.78B, Operating result: $1.44B
  • Quarter ended 2025-01-24 — EPS: $1.01 per share, R&D: $675.00M, SG&A: $2.72B, EPS basic: $1.01 per share, EPS basis: diluted, Revenue: $8.29B, EPS diluted: $1.01 per share, Net result: $1.29B, Gross profit: $5.51B, Operating result: $1.65B
  • Quarter ended 2024-10-25 — EPS: $0.99 per share, R&D: $697.00M, SG&A: $2.76B, EPS basic: $0.99 per share, EPS basis: diluted, Revenue: $8.40B, EPS diluted: $0.99 per share, Net result: $1.27B, Gross profit: $5.46B, Operating result: $1.59B
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — Capital expenditure: -$503.00M, Operating cash flow: $1.79B
  • Quarter ended 2026-04-24 — Capital expenditure: -$488.00M, Operating cash flow: $2.57B
  • Quarter ended 2026-01-23 — Capital expenditure: -$444.00M, Operating cash flow: $2.74B
  • Quarter ended 2025-10-24 — Capital expenditure: -$468.00M, Operating cash flow: $925.00M
  • Quarter ended 2025-07-25 — Capital expenditure: -$504.00M, Operating cash flow: $1.09B
  • Quarter ended 2025-04-25 — Capital expenditure: -$459.00M, Operating cash flow: $2.53B
  • Quarter ended 2025-01-24 — Capital expenditure: -$476.00M, Operating cash flow: $2.57B
  • Quarter ended 2024-10-25 — Capital expenditure: -$404.00M, Operating cash flow: $958.00M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Management outlook — dated call excerpts
Captured record · 2 entries
  • Call of 2026-09-01 — Quote: Taken together, we expect fiscal year '27 operating profit to grow approximately 10%, with operating margin expanding approximately 50 basis points year-over-year., Speaker: Thierry Pieton
  • Call of 2026-09-01 — Quote: And on the full year, we're going to deliver a leverage P&L., Speaker: Thierry Pieton

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-09-01OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Legal name
Medtronic plc
2026-06-18OFFICIALSEC EDGAR — 10-K filed 2026-06-18
Sector / industry (provider taxonomy)
Healthcare / Medical - Devices

The company's SEC filings classify it under SIC 3845 — Electromedical & Electrotherapeutic Apparatus.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-09-01 — EPS actual: $1.45 per share, EPS estimated: $1.39 per share, Revenue actual: $9.76B, Revenue estimated: $9.55B
  • Reported 2026-06-03 — EPS actual: $1.55 per share, EPS estimated: $1.54 per share, Revenue actual: $9.81B, Revenue estimated: $9.62B
  • Reported 2026-02-17 — EPS actual: $1.36 per share, EPS estimated: $1.34 per share, Revenue actual: $9.02B, Revenue estimated: $8.91B
  • Reported 2025-11-18 — EPS actual: $1.36 per share, EPS estimated: $1.31 per share, Revenue actual: $8.96B, Revenue estimated: $8.87B
  • Reported 2025-08-19 — EPS actual: $1.26 per share, EPS estimated: $1.23 per share, Revenue actual: $8.58B, Revenue estimated: $8.38B
  • Reported 2025-05-21 — EPS actual: $1.62 per share, EPS estimated: $1.58 per share, Revenue actual: $8.93B, Revenue estimated: $8.82B
  • Reported 2025-02-18 — EPS actual: $1.39 per share, EPS estimated: $1.36 per share, Revenue actual: $8.29B, Revenue estimated: $8.33B
  • Reported 2024-11-19 — EPS actual: $1.26 per share, EPS estimated: $1.25 per share, Revenue actual: $8.40B, Revenue estimated: $8.27B
2026-09-01FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $28.15B; Liquidity basis: cash and short-term investments; Total liabilities: $42.46B; Cash and short-term investments: $8.82B; Cash and investments: $10.13B; Long-term investments: $1.31B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-07-31FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $10.13B; Cash and short-term investments: $8.82B; Long-term investments: $1.31B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-07-31COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-07-31 — Amount: $8.82B, Cash basis: cash and short-term investments
  • 2026-04-24 — Amount: $9.22B, Cash basis: cash and short-term investments
  • 2026-01-23 — Amount: $8.38B, Cash basis: cash and short-term investments
  • 2025-10-24 — Amount: $8.33B, Cash basis: cash and short-term investments
  • 2025-07-25 — Amount: $8.12B, Cash basis: cash and short-term investments
  • 2025-04-25 — Amount: $8.96B, Cash basis: cash and short-term investments
  • 2025-01-24 — Amount: $7.92B, Cash basis: cash and short-term investments
  • 2024-10-25 — Amount: $7.99B, Cash basis: cash and short-term investments
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-07-31; Cash basis: cash and short-term investments; Net cash: -$19.33B; Total debt: $28.15B; Cash and investments: $8.82B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-07-31COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 2.09; Current ratio: 2.07; Debt to equity: 0.56; Net margin: 13.9%; Gross margin: 66.7%; Operating margin: 18.1%; Return on assets: 5.6%; Return on equity: 10.6%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 2.98; Piotroski F-score: 9

Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Next earnings report
Date: 2026-11-17; EPS estimate: $1.34 per share; Revenue estimate: $9.48B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2028 — EPS average: $6.4 per share, Revenue average: $40.39B, Revenue low: $37.27B, Revenue high: $41.21B, Analysts (revenue): 22
  • FY2029 — EPS average: $6.93 per share, Revenue average: $42.27B, Revenue low: $39.05B, Revenue high: $43.94B, Analysts (revenue): 16
  • FY2030 — EPS average: $7.5 per share, Revenue average: $44.72B, Revenue low: $42.32B, Revenue high: $45.64B, Analysts (revenue): 8
  • FY2031 — EPS average: $8.09 per share, Revenue average: $45.99B, Revenue low: $43.53B, Revenue high: $46.94B, Analysts (revenue): 7
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold MDT

Funds in our ETF coverage that list MDT among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
WisdomTree U.S. AI Enhanced Value Fund (AIVL)3.15%
Eventide High Dividend ETF (ELCV)3.11%