earnings
confidence high
sentiment positive
materiality 0.85
Medtronic Q1 FY27 revenue up 13.7% to $9.76B; raises FY27 guidance
Medtronic plc
- Q1 revenue $9.756B, +13.7% reported and organic; GAAP EPS $1.14, non-GAAP EPS $1.45.
- Raises FY27 organic revenue growth to 7.25-7.75% (from 6.75-7.25%) and non-GAAP EPS to $5.94-6.00.
- Cardiovascular +18.9% organic, Neuroscience +9.3%, Medical Surgical +10.2%, Diabetes +14.9%.
- Extra fiscal week added ~$570M to Q1 organic growth; completed acquisitions of Scientia Vascular and SPR Therapeutics.
- Announced strategic investments in Pi-Cardia and Cornerstone Robotics; FDA clearance for Touch Surgery Aide.