Medtronic (MDT) Q4 2026 (USD): adj. EPS 1.55 (exp. 1.54), Revenue 9.81bln (exp. 9.62bln)

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Medtronic (MDT) Q4 2026 (USD): adj. EPS 1.55 (exp. 1.54), Revenue 9.81bln (exp. 9.62bln)

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SEGMENTS:

  • Cardiovascular revenue +13.8% to USD 3.797bln
  • Neuroscience +5.0% to USD 2.751bln
  • Medical Surgical +8.0% to USD 2.388bln 
  • Diabetes +15.0% to USD 837mln
  • Cardiac Ablation Solutions revenue rose 78% globally and 124% in the US

GUIDANCE:

  • Next FY EPS view 5.90-6.00 (exp. 6.05)

COMMENTARY:

  • Expects approximately USD 250mln in tariff impact to FY27 cost of goods sold, representing a USD 65mln incremental year-on-year increase, and is not assuming any government refund.
  • CEO said Medtronic delivered its strongest annual top-line growth in 10 years and cited momentum in CRM, CST, Surgical, Affera, Symplicity, Hugo, Altaviva and Stealth AXiS.

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