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Medtronic Q3'25 Earnings Highlights

$MDT (+2,49聽%)


馃敼 Adj. EPS: $1.39 (Est. $1.36) 馃槓; UP +7% YoY

馃敼 Revenue: $8.29B (Est. $8.33B) 馃敶; UP +2.5% YoY

馃敼 Organic Revenue Growth: 4.1% YoY

馃敼 Adj. Net Income: $1.79B (Est. $1.74B) 馃槓; UP +3% YoY


FY'25 Guidance

馃敼 Adj. EPS: $5.44-$5.50 (Est. $5.45) 馃煛

馃敼 Organic Revenue Growth: 4.75%-5%


Q3'25 Segments

馃敼 Cardiovascular Revenue: $3.04B (Est. $3.04B) 馃煛; UP +3.7% YoY

聽聽聽- Cardiac Rhythm & Heart Failure: $1.55B (Est. $1.53B) 馃煝; UP +5.1% YoY

聽聽聽- Structural Heart & Aortic: $874M (Est. $874.71M) 馃煛; UP +3.7% YoY

聽聽聽- Coronary & Peripheral Vascular: $618M (Est. $632.14M) 馃敶; UP +0.3% YoY


馃敼 Neuroscience Revenue: $2.46B (Est. $2.45B) 馃煝; UP +4.4% YoY


聽聽聽- Cranial & Spinal Technologies: $1.25B; UP +3.8% YoY


聽聽聽- Specialty Therapies: $732M; UP +0.8% YoY


聽聽聽- Neuromodulation: $476M; UP +12.0% YoY


馃敼 Medical Surgical Revenue: $2.07B (Est. $2.13B) 馃敶; DOWN -1.9% YoY

馃敼 Diabetes Revenue: $694M (Est. $681.77M) 馃煝; UP +8.4% YoY


Q3'25 Geographical Performance

馃敼 U.S. Revenue: $4.24B; UP +2.8% YoY

馃敼 International Revenue: $4.06B; UP +2.2% YoY


Announcements & Strategic Updates

馃敻 U.S. FDA approval for additional PFA manufacturing site in Galway

馃敻 CMS coverage for Renal Denervation expected by Oct 11, 2025

馃敻 Exclusive distribution agreement with Contego Medical for carotid stenting


Management Commentary


馃敻 CEO Geoff Martha: "We delivered strong earnings this quarter, with significant improvements in both our gross margin and operating margin on the back of our ninth quarter in a row of mid-single digit organic revenue growth."


馃敻 Interim CFO Gary Corona: "EPS came in above the high end of our guidance range. We were pleased with the operational performance of the business this quarter, turning mid-single digit organic growth into leveraged earnings."

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