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Medtronic Q1 FY27: sales +13.7% to $9.76B, net income +41.3% to $1.47B; MiniMed IPO, two acquisitions, and hernia mesh verdict
Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 26, 2025 · ~1 min read
Key Changes
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Total net sales rose 13.7% to $9.76B (~$570M); net income jumped 41.3% to $1.47B, diluted EPS $1.14 (+40.7%).
MD&A: Net sales verify on EDGAR → -
high
MiniMed completed its IPO in March 2026; Medtronic retains control and plans full separation of the Diabetes business within fiscal 2027.
Notes: MiniMed separation verify on EDGAR → -
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Acquired Scientia Vascular ($681M) and SPR Therapeutics ($654M), expanding the Neuroscience portfolio.
Notes: Acquisitions verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify