earnings
confidence high
sentiment positive
materiality 0.80
MiniMed Q4 net sales $837M (+16% as reported); FY27 organic growth guidance ~10%
MiniMed Group, Inc.
- Q4 net sales $837M (+15.6% as reported, +8.7% organic); International $599M (+22.4% as reported, +12.2% organic).
- Full FY26 net sales $3.102B (+14.2% as reported, +8.0% organic); first annual revenue >$3B.
- Worldwide New Pumps Sold ~42,000 in Q4 (+7.4% QoQ); FY26 total ~145,000 flat YoY; CGM attachment rate 66% (+700 bps YoY).
- FY27 guidance: organic revenue growth ~10% (including ~1.0-1.5% extra week benefit); adjusted EBITDA margin ~16%.
- Product milestones: MiniMed Flex FDA clearance, MiniMed Go US launch, extension of Abbott partnership for dual glucose-ketone sensors.