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Medtronic MDT Diabetes — Net Sales

Other segment segments

Cardiovascular
$3.8B+13.8%
Neuroscience
$2.75B+5.0%
Medical Surgical
$2.39B+8.0%
Other Operating Segments
$135M
Other operating segment
$32M0.0%

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Other financials

Income statement

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Revenue$9.8B+9.9%
Gross profit$6.4B+10.9%
Operating income$1.9B+30.4%
Net income$1.2B+17.8%
EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%
Total debt$29.2B-1.6%
Total equity$49.5B+3.0%
Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%
CapEx$488.0M+6.3%
Free cash flow$2.1B+0.8%

Valuation

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Market cap$109.3B-4.8%
Enterprise value$136.56B-4.0%
P/E22.8×-1.9×
P/S-0.4×

Profitability

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Gross margin65%-0.3pp
Operating margin17.8%0.0pp
Net margin13.2%-0.7pp
FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp
Debt / equity0.6×0.0×
Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Medtronic’s 10-K, filed June 18, 2026.

Filed
Jun 18, 2026, 4:27 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-044354
(in millions)Worldwide / Fiscal Year / 2026Worldwide / Fiscal Year / 2025Worldwide / Fiscal Year / 2024
Surgical & Endoscopy6,7646,4986,508
Acute Care & Monitoring2,0511,9091,908
Medical Surgical8,8158,4078,417
Reportable segment net sales33,07930,73429,654
Diabetes3,1122,7552,488
Other operating segment(1)135137221
Other adjustments(2)39(90)
Total net sales$36,364$33,537$32,364

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's diabetes — net sales?
Medtronic (MDT) reported diabetes — net sales of $838M in Q1 2026.
How has Medtronic's diabetes — net sales changed year-over-year?
Medtronic's diabetes — net sales increased by 15.1% year-over-year, from $728M to $838M.
What is the long-term trend for Medtronic's diabetes — net sales?
Over 4 years (2022 to 2026), Medtronic's diabetes — net sales has grown at a 7.4% compound annual growth rate (CAGR), from $2.34B to $3.11B.
What does diabetes — net sales mean?
This represents the total revenue generated from the sale of diabetes-related medical devices and services, net of returns, allowances, and discounts. It is the primary indicator of market demand and the commercial success of the diabetes product portfolio. Investors use this to gauge the segment's growth trajectory and market share performance.

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