Medtronic saw revenue growth in the fourth quarter and the full fiscal year 2026, which ended April 24, 2026, according to financial results posted June 3.
Six things to know:
1. Quarterly earnings were $9.8 billion, an increase of 9.9% year over year. Full-year growth for fiscal year 2026 was $36.4 billion, up 8.4% from fiscal year 2025.
2. Full-year neuroscience sales were $10.3 billion, up 4.5% year over year. Within that segment, cranial and spinal technologies saw a 5% increase with $5.2 billion.
3. Medical surgical sales were $8.9 billion, a 4.9% increase. The surgical and endoscopy division saw $6.7 billion in revenue, up from $6.5 billion in fiscal year 2025.
4. Medtronic’s board of directors approved an increase in Medtronic’s cash dividend for the first quarter of fiscal year 2027 and raised the quarterly amount to $0.72 per ordinary share.
5. Medtronic expects fiscal year 2027 sales to increase 6.75% to 7.25%.
6. “Our performance reflects the strongest annual top-line growth Medtronic has delivered in 10 years, powered by disciplined execution across our portfolio and continued operational rigor,” CEO Geoff Martha, said in a news release. “These results represent the compounding impact of deliberate choices we’ve made to strengthen our strategy, sharpen execution, and invest in the areas that will drive our future. We saw continued strength in some of our largest businesses like CRM, CST and Surgical, and we are building momentum in our highest growth opportunities, such as Affera, Symplicity, Hugo, Altaviva and Stealth AXiS. Together with the investments we’re making in our pipeline, Medtronic is well positioned to deliver sustained growth and long-term value.”
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