GET DAILY SIGNALSMedtronic (MDT) Delivers +8.4% Full-Year Revenue Growth in Fiscal 2026
Key Takeaways
- Medtronic reported Q4 revenue of $9.807 billion, up 9.9% as reported and 6.6% organically, exceeding implied guidance by 90 basis points.
- Full-year fiscal 2026 revenue reached $36.364 billion, up 8.4% as reported and 5.8% organically, marking the highest annual revenue growth in 10 years.
- Q4 non-GAAP diluted EPS was $1.55; full-year non-GAAP diluted EPS was $5.53.
- Strong performance in Cardiovascular and Diabetes portfolios drove results, with Cardiac Ablation Solutions revenue surging 78% globally.
- Company provided FY2027 guidance for 6.75% to 7.25% organic revenue growth and non-GAAP EPS of $5.90 to $6.00.
- Board approved a dividend increase to $0.72 per share for Q1 FY2027, the 49th consecutive annual increase.
Why These Results Stand Out
Medtronic’s fiscal year ends in late April, so the fourth-quarter and full-year numbers serve as an important checkpoint for the medical technology company. From what I see, investors pay close attention to these updates for clues on momentum in key areas like pulsed-field ablation and surgical robotics, as well as margin trends and cash flow. With steady healthcare demand and ongoing innovation helping the company gain share, the report offers a useful read on how well Medtronic is executing its strategy in a competitive environment.
The Reported Numbers
Medtronic posted fourth-quarter worldwide revenue of $9.807 billion, reflecting a 9.9% increase as reported and 6.6% growth on an organic basis. Non-GAAP diluted earnings per share came in at $1.55. For the full fiscal year 2026, revenue totaled $36.364 billion, up 8.4% as reported and 5.8% organically. GAAP diluted EPS for the year was $3.73, while non-GAAP diluted EPS reached $5.53. The company returned $4.2 billion to shareholders and generated $5.426 billion in free cash flow. Performance was led by strength in Cardiovascular, especially Cardiac Ablation Solutions, along with the Diabetes segment, supported by several tuck-in acquisitions that bolstered the pipeline. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Reaction
Shares of MDT moved higher right after the June 3, 2026, release, showing investor approval of the revenue beat and the forward guidance. Analysts pointed to the decade-high top-line growth and portfolio momentum as supportive of the current valuation, while keeping an eye on margin expansion and the integration of recent acquisitions. Sentiment ahead of the report had already been constructive following prior-quarter beats and pipeline updates.
Exploring AI Tools for Deeper Analysis
When I review earnings like these, I often turn to AI-driven tools to cross-check patterns and peer comparisons. Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. AI Screener
Looking Ahead to Fiscal 2027
Medtronic enters fiscal 2027 with momentum from its strongest annual revenue growth in a decade. Management guided for organic revenue growth of 6.75% to 7.25% and non-GAAP EPS in the $5.90 to $6.00 range. This outlook factors in the benefit of a 53rd week, full-year consolidation of the Diabetes business, and impacts from tariffs and foreign currency.
I’m watching execution on the main growth drivers, including Cardiac Ablation Solutions, Hugo robotic-assisted surgery, and Stealth AXiS navigation systems. Other points to monitor include the pace of tuck-in acquisitions such as CathWorks and the announced deals for Scientia Vascular and SPR Therapeutics, and how they contribute to revenue. Operating margins will stay in focus given recent pressures from tariffs and one-time items. Free cash flow conversion and capital allocation, including the increased dividend, will also be watched for signs of continued financial discipline. Pipeline milestones such as regulatory clearances and new product launches could serve as catalysts throughout the year.
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Disclaimers and LimitationsContributor
Financial writer and active order flow futures trader with a focus on fundamental analysis, macroeconomic factors, and equity research. I make in-depth blogs on stocks and ETFs, bridging the gap between raw market data and real-world trading decisions.
MDT's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for MDT turned positive on October 12, 2026. Looking at past instances where MDT's MACD turned positive, the stock continued to rise in 27 of 43 cases over the following month. The odds of a continued upward trend are 63%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 12, 2026. You may want to consider a long position or call options on MDT as a result. In 51 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
MDT moved above its 50-day moving average on October 12, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MDT crossed bullishly above the 50-day moving average on October 16, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 8 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 47%.
Following a +2.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where MDT advanced for three days, in 170 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.
Bearish Trend Analysis
The 10-day RSI Indicator for MDT moved out of overbought territory on October 16, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In 13 of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at 50%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 56%.
MDT broke above its upper Bollinger Band on October 12, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MDT entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 24 (best 1 - 100 worst), indicating outstanding price growth. MDT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 54 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 59 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.414) is normal, around the industry mean (3.847). P/E Ratio (23.176) is within average values for comparable stocks, (1.909). Projected Growth (PEG Ratio) (1.608) is also within normal values, averaging (11.052). Dividend Yield (0.030) settles around the average of (0.010) among similar stocks. P/S Ratio (3.176) is also within normal values, averaging (40.124).
The Tickeron SMR rating for this company is 68 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MDT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock worse than average.
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a provider of medical technology services
Industry MedicalNursingServices
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