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Medtronic MDT United States — Net Sales

Other geography segments

Ireland
$28M

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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)U.S. / Fiscal Year / 2026U.S. / Fiscal Year / 2025U.S. / Fiscal Year / 2024International / Fiscal Year / 2026International / Fiscal Year / 2025International / Fiscal Year / 2024
Cardiovascular$6,435$5,804$5,597$7,541$6,677$6,234
Neuroscience6,8756,7136,3053,4123,1333,101
Medical Surgical3,7783,6643,7175,0374,7444,700
Reportable segment net sales17,08816,18115,61915,99114,55314,035
Diabetes9349238522,1781,8321,636
Other operating segment(1)8168915470131
Other adjustments(2)39(90)
Total net sales$18,103$17,171$16,562$18,261$16,365$15,802

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's united states — net sales?
Medtronic (MDT) reported united states — net sales of $4.87B in Q1 2026.
How has Medtronic's united states — net sales changed year-over-year?
Medtronic's united states — net sales increased by 7.1% year-over-year, from $4.55B to $4.87B.
What is the long-term trend for Medtronic's united states — net sales?
Over 4 years (2022 to 2026), Medtronic's united states — net sales has grown at a 2.9% compound annual growth rate (CAGR), from $16.13B to $18.1B.
What does united states — net sales mean?
This metric represents the total revenue generated from the sale of medical devices and related services within the United States geographic segment. It reflects the company's market penetration, pricing power, and demand for its therapeutic solutions in the domestic healthcare market. As a primary revenue driver, it indicates the company's ability to navigate domestic reimbursement environments and hospital procurement cycles.

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