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Medtronic MDT Neuroscience — Depreciation

Other segment segments

Cardiovascular
$67M+15.5%
Medical Surgical
$56M+5.7%
Diabetes
$32M+6.7%
Other operating segment
$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$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:Depreciation.

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)Total Assets / April 24, 2026Total Assets / April 25, 2025Depreciation Expense / 2026Depreciation Expense / 2025Depreciation Expense / 2024
Cardiovascular$17,553$16,548$253$225$199
Neuroscience18,51418,476320282252
Medical Surgical32,53533,317225205194
Total reportable segments68,60268,340798711645
Other operating segments (1)4,8274,43312711394
Corporate19,59818,906261229215
Total$93,028$91,680$1,186$1,054$954

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's neuroscience — depreciation?
Medtronic (MDT) reported neuroscience — depreciation of $85M in Q1 2026.
How has Medtronic's neuroscience — depreciation changed year-over-year?
Medtronic's neuroscience — depreciation increased by 18.1% year-over-year, from $72M to $85M.
What is the long-term trend for Medtronic's neuroscience — depreciation?
Over 4 years (2022 to 2026), Medtronic's neuroscience — depreciation has grown at a 4.9% compound annual growth rate (CAGR), from $265M to $321M.
What does neuroscience — depreciation mean?
This is the systematic allocation of the cost of tangible assets used by the Neuroscience segment over their useful lives. It reflects the wear and tear of manufacturing equipment and facilities used to produce medical devices.

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