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Medtronic: the device giant has scale, but the proof is durable growth after reinvestment

MDTResearch reportPosted by Goglides ResearchMay 20, 2026
NYSEMDTCoverage BootstrapMedtronic plc

Thesis summary

Medtronic reported FY2025 revenue of $33.54 billion and fiscal Q3 2026 revenue of $9.02 billion, keeping the thesis on whether device innovation can translate into durable margins, cash flow and balance-sheet discipline.

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Medtronic reported FY2025 revenue of $33.54 billion and fiscal Q3 2026 revenue of $9.02 billion, keeping the thesis on whether device innovation can translate into durable margins, cash flow and balance-sheet discipline.

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