Medtronic (MDT) Revenue — Quarter Ended Jul 25, 2025
Revenue for the quarter declined from the immediately preceding quarter but rose compared to the same period one year earlier. The company noted a strong financial position and an increase in cash collected from customers during the period.
Key takeaway
Quarter ended Jul 25, 2025 · FY2026 Q1
Revenue for the quarter declined from the immediately preceding quarter but rose compared to the same period one year earlier. The company noted a strong financial position and an increase in cash collected from customers during the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.6B
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.2B
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 |
|---|---|---|
| Oct 25, 2024 | $8.4B | +5.2% |
| Jan 24, 2025 | $8.3B | +2.5% |
| Apr 25, 2025 | $8.9B | +3.9% |
| Jul 25, 2025 | $8.6B | +8.4% |
Revenue performance
The top line experienced a sequential contraction following the prior quarter’s level. Despite the quarter-over-quarter dip, the result exceeded the year-ago figure.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Relative to the same quarter one year earlier, revenue was higher, reflecting a year-over-year increase.
What to watch
Observe whether the sequential decline reverses or persists in the coming quarters.