Medtronic beats Q3 revenue expectations, reiterates FY organic revenue, adj EPS outlook

Medtronic

17/02/2026 11:54

Overview

Healthcare technology firm's Q3 revenue grew 8.7%, beating analyst expectations

Adjusted EPS for Q3 beat analyst expectations

Cardiac Ablation Solutions revenue increased 80%, driven by pulsed field ablation portfolio

Outlook

Medtronic reiterates FY26 organic revenue growth of approximately 5.5%

Medtronic expects FY26 non-GAAP EPS of $5.62 to $5.66

Company anticipates $185 mln tariff impact on FY26 results

Result Drivers

CARDIAC ABLATION GROWTH - Revenue from Cardiac Ablation Solutions rose 80%, driven by the pulsed field ablation portfolio

DIABETES SEGMENT - Diabetes revenue increased 8.3%, led by double-digit growth in international markets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$9 bln
$8.91 bln (23 Analysts)
Q3 Adjusted EPS
Beat
$1.36
$1.33 (24 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for Medtronic PLC is $112.17, about 12.7% above its February 13 closing price of $99.49

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nCNWpfV2ta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)