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Medtronic MDT Medical Surgical — Currency translation and other

Other segment segments

Neuroscience
$20M-81.1%
Cardiovascular
$10M-88.6%
Diabetes
$0
Other Operating Segments
$0-100%

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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$110.07B-3.9%
Enterprise value$137.33B-3.2%
P/E22.9×-1.6×
P/S-0.3×

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:GoodwillForeignCurrencyTranslationGainLoss.

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)CardiovascularNeuroscienceMedical SurgicalReportable SegmentsOther Operating SegmentsTotal
April 26, 2024$7,966$11,644$19,121$38,731$2,255$40,986
Goodwill as a result of acquisitions108108108
Purchase accounting adjustments2(2)
Currency translation and other50725216431643
April 25, 20258,01711,71619,74839,4822,25541,737
Goodwill as a result of acquisitions555555555
Currency translation and other3061204295295
April 24, 2026$8,602$11,777$19,953$40,332$2,256$42,587

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's medical surgical — currency translation and other?
Medtronic (MDT) reported medical surgical — currency translation and other of $110M in Q1 2026.
How has Medtronic's medical surgical — currency translation and other changed year-over-year?
Medtronic's medical surgical — currency translation and other decreased by 84.8% year-over-year, from $725M to $110M.
What does medical surgical — currency translation and other mean?
Captures the impact of foreign exchange rate fluctuations and other minor adjustments on the Medical Surgical segment's financial results. Because the company has significant international operations, this metric highlights the sensitivity of segment performance to global currency volatility. It helps isolate operational performance from external macroeconomic factors.

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