Current Assets
Inventories
Medtronic Inventories decreased by 5.7% to $5.95B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $5.48B to $5.95B. Over 5 years (FY 2021 to FY 2026), Inventories shows an upward trend with a 6.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ4 2026Jun 18, 2026
How to read this metric
An increase relative to sales may indicate slowing demand or supply chain inefficiencies, while a decrease may suggest strong sales or potential stock-out risks.
Detailed definition
This includes the value of raw materials, work-in-progress, and finished medical devices held for sale. It represents th...
Peer comparison
Inventory turnover is a critical benchmark for medical device peers to manage product shelf-life and supply chain costs.
Metric ID:
inventoriesHistorical Data
21 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.31B | $4.29B | $4.35B | $4.51B | $4.62B | $4.81B | $5.06B | $5.38B | $5.29B | $5.67B | $5.75B | $5.73B | $5.22B | $5.41B | $5.48B | $5.61B | $5.48B | $5.89B | $6.16B | $6.31B | $5.95B |
| QoQ Change | — | -0.6% | +1.4% | +3.8% | +2.3% | +4.2% | +5.1% | +6.3% | -1.5% | +7.1% | +1.5% | -0.5% | -8.9% | +3.8% | +1.2% | +2.4% | -2.4% | +7.5% | +4.6% | +2.5% | -5.7% |
| YoY Change | — | — | — | — | +7.0% | +12.2% | +16.2% | +19.1% | +14.7% | +17.9% | +13.8% | +6.5% | -1.4% | -4.5% | -4.8% | -2.0% | +5.0% | +8.7% | +12.4% | +12.5% | +8.7% |
Range$4.29B – $6.31B
CAGR+6.7%
Avg YoY Growth+8.3%
Median YoY Growth+8.7%
Inventories at Other Companies
Frequently Asked Questions
- What is Medtronic's inventories?
- Medtronic (MDT) reported inventories of $5.95B in Q1 2026.
- How has Medtronic's inventories changed year-over-year?
- Medtronic's inventories increased by 8.7% year-over-year, from $5.48B to $5.95B.
- What is the long-term trend for Medtronic's inventories?
- Over 5 years (2021 to 2026), Medtronic's inventories has grown at a 6.7% compound annual growth rate (CAGR), from $4.31B to $5.95B.
- What does inventories mean?
- The total value of all goods held for production or sale.