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Did Medtronic Beat Earnings?
Medtronic (MDT) reported Q1 '26 revenue of $9.02B, up 8.8% year-over-year, with reported EPS of $1.36. That topped the $1.33 analyst estimate by 2.3% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Medtronic’s job postings, web traffic, and employee business outlook. See the full MDT stock analysis or the earnings calendar for upcoming reports.
MDT Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q1 '26 | $1.33 | $1.36 | Beat +2.3% |
| Q4 '25 | $1.31 | $1.36 | Beat +3.8% |
| Q3 '25 | $1.23 | $1.26 | Beat +2.4% |
| Q2 '25 | $1.58 | $1.62 | Beat +2.5% |
| Q1 '25 | $1.36 | $1.39 | Beat +2.2% |
| Q4 '24 | $1.25 | $1.26 | Beat +0.8% |
Medtronic Quarterly Financial Trends
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.59B | 7.92B | 8.4B | 8.29B | 8.93B | 8.58B | 8.96B | 9.02B |
| Gross margin | 64.6% | 65.1% | 64.9% | 66.5% | 64.7% | 57.7% | 60.3% | 64.9% |
| Operating margin | 12.3% | 16.1% | 19.0% | 19.9% | 16.1% | 16.8% | 18.8% | 19.7% |
| Net income | 654M | 1.04B | 1.27B | 1.29B | 1.06B | 1.04B | 1.37B | 1.14B |
| Net margin | 7.6% | 13.2% | 15.1% | 15.6% | 11.8% | 12.1% | 15.3% | 12.7% |
| EPS | $1.46 | $1.23 | $1.26 | $1.39 | $1.62 | $1.26 | $1.36 | $1.36 |
Medtronic Earnings Trend Analysis
Over the eight quarters from Q2 '24 to Q1 '26, Medtronic’s quarterly revenue moved from $8.59B to $9.02B. Net margin expanded from 7.6% to 12.7%, against a 64.9% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Medtronic has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Medtronic’s Next Earnings Date?
Medtronic reports earnings on a quarterly schedule. Its most recent report covered Q1 '26. For the confirmed upcoming date — and every other company reporting soon — see the MDT earnings calendar.
Frequently Asked Questions: Medtronic Earnings
Medtronic's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Medtronic reported Q1 '26 EPS of $1.36 on revenue of $9.02B (+8.8% YoY). Medtronic beat estimates, reporting $1.36 vs. the $1.33 estimate.
Medtronic reported Q1 '26 revenue of $9.02B, up 8.8% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the MDT AI Score.
