Medtronic FY26 net income rises 3% to $4.8 billion; net sales increase 8% to $36.36 billion

Medtronic Plc

Medtronic Plc

MDT

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  • Medtronic fiscal 2026 net income attributable to shareholders rose 3% to $4.8 billion; diluted EPS increased 3% to $3.73.
  • Net sales climbed 8% to $36.36 billion; operating cash flow increased 4% to $7.33 billion.
  • Income tax provision rose to $1.3 billion; effective tax rate widened 4.6 percentage points to 21.2%.
  • Cardiovascular net sales increased 12% to $13.98 billion; Cardiac Rhythm & Heart Failure jumped 17% to $7.5 billion.
  • Diabetes net sales rose 13% to $3.11 billion; separation advanced with MiniMed IPO, leaving Medtronic with about 90.03% ownership.


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