Medtronic (MDT) Revenue — Quarter Ended Jul 28, 2023
Revenue for the quarter increased compared to the same period last year, but decreased from the prior quarter. The company maintains a strong financial position with ample liquidity.
Key takeaway
Quarter ended Jul 28, 2023 · FY2024 Q1
Revenue for the quarter increased compared to the same period last year, but decreased from the prior quarter. The company maintains a strong financial position with ample liquidity.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.7B
Revenue reported for this quarter.
Quarter-over-quarter
-9.9%
Change from the immediately preceding quarter.
Year-over-year
+4.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$31.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 28, 2022 | $7.6B | -3.3% |
| Jan 27, 2023 | $7.7B | -0.5% |
| Apr 28, 2023 | $8.5B | +5.6% |
| Jul 28, 2023 | $7.7B | +4.5% |
Revenue performance
Reported revenue rose from the year-ago quarter, reflecting growth on an annual basis.
Quarterly comparison
Compared to the preceding quarter, revenue was lower, while compared to the same quarter a year earlier, revenue was higher.
What to watch
The sequential decline in revenue warrants attention in future quarters.