earnings
confidence high
sentiment positive
materiality 0.80
MiniMed Q1 FY27 net sales $843M +16.6%; raises FY27 organic growth to ~10.5%
MiniMed Group, Inc.
- Net sales $843M, +16.6% as reported, +15.8% organic; U.S. +13.1% to $240M, international +18.1% to $603M.
- Worldwide NPS ~34,000 (+7.7% YoY); CGM attachment rate 69% (+~100bps QoQ).
- Raises FY27 organic revenue growth to ~10.5% (from ~10%); reaffirms adjusted EBITDA margin ~16%.
- Pipeline: MiniMed Fit FDA submission ahead of Fall; Flex CE Mark; Vivera pivotal enrollment complete; next-gen sensor IDE approved.
- U.S. launch of MiniMed Flex with Instinct started Aug 17; Medicare coverage expanded.