Medtronic raises fiscal 2027 guidance after strong Q1 results
First quarter revenue reached $9.8 billion, driving a 13.7% organic increase and prompting an upward revision in full-year financial expectations.
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Medical device and health technology company
medtronic.comLast updated
In short: Medtronic reported strong fiscal Q1 2027 results, raised its full-year guidance, and expanded its portfolio through key acquisitions.
First quarter revenue reached $9.8 billion, driving a 13.7% organic increase and prompting an upward revision in full-year financial expectations.
The partnership distributes Cornerstone's Sentire system alongside Hugo RAS in select markets outside the US, creating a multi-platform portfolio.
The company provides up to $80 million, secures distribution rights, and gains an acquisition option worth up to $210 million.
The Sphere-9 catheter is first dual-energy device CE-marked for this use. FDA granted Breakthrough Designation as the U.S. pivotal trial enrolls patients.
Medtronic stock changed hands at USD 93.80 on September 14, 2026, within GuruFocus' 52-week range of USD 73.31 to USD 106.33, after the shares gained...
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Edwards Lifesciences and Medtronic praised CMS's decision to expand Medicare coverage for TAVR to people with asymptomatic severe aortic stenosis.
Alongside the earnings strength, Medtronic plc has confirmed its shareholder-return profile with a quarterly cash dividend of USD 0.72 per share, corresponding to an annualized...
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