MiniMed (MMED) earnings
MiniMed earnings: last reported Tue, 1 Sep 2026, for the quarter ended Jul 2026.
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MiniMed Q1 FY27 — Strong Organic Growth and Accelerated Pipeline Milestones
What went well
- Organic growth was 16%, ahead of expectations, with low double-digit growth excluding the extra week.
- U.S. revenue grew 13%, accelerating from 1.5% in Q4, driven by MiniMed Flex launch.
- International organic growth was 16.9%, supported by increased sensor supply and new product launches.
What to watch
- Q1 adjusted EBITDA margin was 9.9%, impacted by 230 basis points from accelerated investments ($8 million) and a non-operational FX remeasurement charge ($12 million).
- Simplera sensor currently carries a lower margin than legacy sensors, impacting gross margin, though yields are trending better than expected.
Performance +5.3% YTD
YTD: $18.49 on 6 Mar 2026 → $19.47. High $23.84 (3 Sept 2026), low $10.8 (15 May 2026).
MMED revenue by segment
Pumps shrank from 19% to 17% of revenue over the last two quarters.
| Segment | Q3 FY2026 | FY2027 | YoY growth latest quarter |
|---|---|---|---|
| Continuous Glucose Monitoring Systems CGM | 49% | 51% | — |
| Consumables | 31% | 31% | — |
| Pumps | 19% | 17% | — |
| Product and Service Other | 1% | 1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
FY2027 · share of revenue
- Non Us 72% ↑ 2 pt
- US 28% ↓ 2 pt
As MMED cuts its regions in its filings; they can nest, so they need not add to 100%.
Quarterly results
| Line item | Q1 FY25 | Q3 FY25 | Q1 FY26 | Q3 FY26 |
|---|---|---|---|---|
| Revenue | 687 | 723 | 790 | 843 |
| EBITDA | 21 | -13 | -100 | 5 |
| Net profit | -10 | -19 | -119 | 0 |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|
| Equity capital | — | $0 | $3.00M |
| Reserves | — | $0 | -$116.00M |
| Total liabilities | — | $871.00M | $1.02B |
| Fixed assets | — | $706.00M | $711.00M |
| Total assets | — | $4.20B | $4.63B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
49 filings between Mar 9, 2026 and Jul 31, 2026.
Open market
decisions to buy or sellNobody bought or sold MMED on the open market in this window. The filings below are 43 awards and 6 tax withholdings.
Compensation
not trading decisions- 43
- Award — granted as compensation
- 6
- Tax withheld — shares kept back by the company to cover tax
Latest filings (49)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 31, 2026 | Dallara Que Chief Executive Officer | Tax withheld | 31,350 | $569.0K |
| Jul 31, 2026 | Wills Courtney Nelson SVP, Gen. Counsel, Corp. Sec. | Tax withheld | 1,762 | $32.0K |
| Jul 31, 2026 | Dianaty Ali EVP Ch. Prod. & Tech Officer | Tax withheld | 8,012 | $145.4K |
| Jul 28, 2026 | Spooner Chad EVP, Chief Financial Officer | Tax withheld | 23,301 | $411.7K |
| Jul 28, 2026 | Chandrasena Gillian SVP, Chief HR Officer | Tax withheld | 2,099 | $37.1K |
| Jul 1, 2026 | Dallara Que Chief Executive Officer | Award | 297,618 | $0 |
| Jul 1, 2026 | Gyurci John VP, Chief Accounting Officer | Award | 24,244 | $0 |
| Jul 1, 2026 | Wills Courtney Nelson SVP, Gen. Counsel, Corp. Sec. | Award | 60,730 | $0 |
| Jul 1, 2026 | Wills Courtney Nelson SVP, Gen. Counsel, Corp. Sec. | Award | 22,057 | $0 |
| Jul 1, 2026 | Spooner Chad EVP, Chief Financial Officer | Award | 94,550 | $0 |
| Jul 1, 2026 | Spooner Chad EVP, Chief Financial Officer | Award | 22,057 | $0 |
| Jul 1, 2026 | Chandrasena Gillian SVP, Chief HR Officer | Award | 29,483 | $0 |
| Jul 1, 2026 | Chandrasena Gillian SVP, Chief HR Officer | Award | 14,705 | $0 |
| Jul 1, 2026 | Dianaty Ali See Remarks | Award | 94,550 | $0 |
| Jul 1, 2026 | Dianaty Ali See Remarks | Award | 36,762 | $0 |
| Mar 25, 2026 | Dallara Que Chief Executive Officer | Tax withheld | 4,809 | $78.4K |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 281,937 | — |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 127,609 | — |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 57,239 | — |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 80,842 | — |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 51,044 | — |
| Mar 11, 2026 | Dallara Que Chief Executive Officer | Award | 22,892 | — |
| Mar 11, 2026 | Spooner Chad EVP, Chief Financial Officer | Award | 70,896 | — |
| Mar 11, 2026 | Spooner Chad EVP, Chief Financial Officer | Award | 127,609 | — |
| Mar 11, 2026 | Spooner Chad EVP, Chief Financial Officer | Award | 70,896 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 11,054 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 46,989 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 35,448 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 14,628 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 33,684 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 35,448 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 11,563 | — |
| Mar 11, 2026 | Dianaty Ali See Remarks | Award | 2,444 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 18,082 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 955 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 11,486 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 5,151 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 13,646 | — |
| Mar 11, 2026 | Wills Courtney Nelson See Remarks | Award | 5,743 | — |
| Mar 11, 2026 | Chandrasena Gillian See Remarks | Award | 19,852 | — |
| Mar 11, 2026 | Chandrasena Gillian See Remarks | Award | 28,116 | — |
| Mar 11, 2026 | Chandrasena Gillian See Remarks | Award | 58,825 | — |
| Mar 11, 2026 | Chandrasena Gillian See Remarks | Award | 11,486 | — |
| Mar 11, 2026 | Chandrasena Gillian See Remarks | Award | 11,486 | — |
| Mar 11, 2026 | Gyurci John See Remarks | Award | 15,322 | — |
| Mar 9, 2026 | Lofton Kevin E Director | Award | 27,778 | $0 |
| Mar 9, 2026 | EISENBERG GLENN A Director | Award | 13,889 | $0 |
| Mar 9, 2026 | GROSSMAN D KEITH Director | Award | 13,889 | $0 |
| Mar 9, 2026 | Wicks Timothy A Director | Award | 13,889 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.