Medtronic (MDT) Revenue — Quarter Ended Jan 24, 2025
Revenue for the quarter rose compared to the same period a year earlier, marking a continuation of the recent growth trend. However, the top line declined from the immediately preceding quarter, reflecting a sequential pullback.
Key takeaway
Quarter ended Jan 24, 2025 · FY2025 Q3
Revenue for the quarter rose compared to the same period a year earlier, marking a continuation of the recent growth trend. However, the top line declined from the immediately preceding quarter, reflecting a sequential pullback.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.3B
Revenue reported for this quarter.
Quarter-over-quarter
-1.3%
Change from the immediately preceding quarter.
Year-over-year
+2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.2B
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 |
|---|---|---|
| Apr 26, 2024 | $8.6B | +0.5% |
| Jul 26, 2024 | $7.9B | +2.8% |
| Oct 25, 2024 | $8.4B | +5.2% |
| Jan 24, 2025 | $8.3B | +2.5% |
Revenue performance
The reported revenue direction was positive relative to the prior year, but negative sequentially versus the most recent quarter.
Quarterly comparison
Compared with the immediate prior quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
Monitor whether the sequential decline represents a temporary pause or a shift in demand momentum.