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Medtronic (MDT) Q2 FY26 earnings call

Earnings call· Oct 2025 (Q2 FY26)· Health Care· Nov 18, 2025

Source: earnings call transcript

Medtronic reported a strong second quarter, with both revenue and EPS exceeding expectations, signaling an acceleration in financial results driven by robust procedure volumes and innovative technology launches. The company raised its full-year revenue and EPS guidance, fueled by significant momentum in its PFA franchise and the anticipated ramp-up of Symplicity and Altaviva. Management is strategically increasing OpEx investments to capitalize on market opportunities while maintaining a focus on portfolio management and tuck-in M&A.

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MDT operating KPIs by quarter

MDT operating KPIs stated on its earnings calls, by fiscal quarter
KPI Jan 2026 Q3 FY26 Apr 2026 Q4 FY26 Jul 2026 Q1 FY27Change vs prior quarter
Installed base Touch Surgery
1,000+ This quarter, Touch Surgery installations increased over 20% sequentially and have now surpassed 1,000 systems globally. Source: earnings call transcript
1,400+ And our Touch Surgery Digital Ecosystem, well, it continues to represent a clear advantage with over 1,400 installations, up 30% plus sequentially. Source: earnings call transcript
1,500+ Today, Touch Surgery is used in more than 1,500 operating rooms globally, supporting AI-powered insights, collaboration and workflows. Source: earnings call transcript
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Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.