Medtronic (MDT) Revenue — Quarter Ended Oct 27, 2023
Revenue increased in the latest quarter compared to both the immediately preceding quarter and the same quarter one year earlier. This marks an improvement from the prior period and a gain versus the year-ago period.
Key takeaway
Quarter ended Oct 27, 2023 · FY2024 Q2
Revenue increased in the latest quarter compared to both the immediately preceding quarter and the same quarter one year earlier. This marks an improvement from the prior period and a gain versus the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$32B
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 |
|---|---|---|
| Jan 27, 2023 | $7.7B | -0.5% |
| Apr 28, 2023 | $8.5B | +5.6% |
| Jul 28, 2023 | $7.7B | +4.5% |
| Oct 27, 2023 | $8B | +5.3% |
Revenue performance
The company delivered revenue growth in the current quarter. The increase was observed both sequentially and year over year.
Quarterly comparison
Compared to the preceding quarter, revenue moved higher. Relative to the same quarter last year, revenue also increased.
What to watch
Monitor whether revenue growth can sustain its upward trajectory in coming quarters.