MDT · News · 20261017N
Quarterly Earnings Performance
Medtronic plc · 2026-10-17 · Importance 33 · Surprise 6 · In source text
Medtronic reported quarterly revenue of $9.76 billion, exceeding analysts’ expectations. Quarterly EPS was $1.45, also above expectations. The digest does not provide year-over-year or sequential revenue changes, segment results, margin data, or the reporting period.
Key facts
- Medtronic reported quarterly results of $1.45 earnings per share on $9.76 billion in revenue, exceeding quarterly earnings and revenue expectations. source
- CEO Geoffrey Martha and EVP Harry Kiil recently sold shares of Medtronic plc. source
- Cardinal Capital Management Inc. purchased an additional 11,325 shares of Medtronic plc to now hold 340,500 shares valued at approximately $29.4 million. source
- Institutional investors collectively own 82.06% of Medtronic plc. source
- Medtronic plc, a 10% owner of MiniMed Group Inc, made a transaction on October 15, 2026 as reported in a Form 4 filing by MiniMed Group Inc. source
- Analysts maintain a "Moderate Buy" consensus rating on Medtronic with an average price target of $102.88. source
- Geoffrey Martha, Director, Chairman and CEO of Medtronic plc, had a Form 4 filing that pertains to activities that occurred on October 15, 2026. source
- A Form 4 filing was reported for Michael Marinaro, EVP, President of MedSurg and Americas at Medtronic plc, for October 15, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Medtronic reported quarterly results of $1.45 earnings per share on $9.76 billion in revenue, exceeding quarterly earnings and revenue… |
| net_income | positive | realized | — | Medtronic reported quarterly results of $1.45 earnings per share on $9.76 billion in revenue, exceeding quarterly earnings and revenue… |