Equity Brief · Healthcare2026-09-01
MDT·Healthcare

Last results 1 Sept 2026

Medtronic plc.

I · AI Analysis

The brief

Medtronic develops and sells medical devices across three main areas: cardiovascular products (pacemakers, heart valves, stent grafts), neuroscience products (spinal implants, brain stimulation devices, pain management systems), and medical-surgical products (surgical staplers, robotic surgery platforms, insulin pumps). The company operates globally, selling to hospitals, physicians, and patients through a network spanning the United States, Ireland, and international markets. With 95,000 employees, Medtronic serves specialists ranging from cardiologists and neurosurgeons to diabetes care providers.

Medtronic is a $116 billion Irish-headquartered medical device giant that makes implantable heart devices, surgical tools, spinal products, and diabetes management systems [Yahoo Finance]. The company just beat earnings expectations and raised its full-year outlook while committing over $700 million to expand its cardiac technology and robotic surgery platforms [Wall Street Journal]. Twenty-five analysts covering the company average a 'buy' rating, with a mean price target of $98.84 [Analyst consensus].

Medtronic is financially healthy with strong cash generation, moderate debt levels, and improving profitability.

The brief AI analysisConfidence 9/10

Sentinellis health

Financially healthy

8.6/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

14% of score10.0/10
Net margin+13.2%Gross margin+65.3%

Returns on capital

14% of score0.0/10
ROIC+7.8%· need > 10%Return on equity+9.8%· need > 12%

Growth & momentum

19% of score10.0/10
Revenue growth+9.9%Operating margin trend+0.4pp YoY

Balance sheet

29% of score10.0/10
Current ratio2.1xNet debt / EBITDA2.0xInterest coverage9.6xDebt / equity0.58

Cash generation

14% of score10.0/10
Free cash flow$5.4BCash vs reported profit$7.3B vs $4.8B

Value creation

10% of score10.0/10
ROIC vs cost of capital+1.1pp

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

$116.0B

Revenue (TTM)

$36.4B

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

5 stories · ranked by relevance

  • Company2026-09-01

    Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & Robotics

    Wall Street Journal

  • Company2026-09-01

    Medtronic (MDT) Q1 Earnings and Revenues Top Estimates

    Zacks

  • Company2026-09-01

    Medtronic Tops Earnings Estimates and Makes $700M Robot Surgeon Investment. Is It Gaining on Intuitive Surgical?

    Barron's

  • Company2026-09-01

    Medtronic jumps on earnings beat and raised guidance

    Investing.com

  • Company2026-09-01

    What Medtronic (MDT)'s Cornerstone Robotics Deal Means For Shareholders

    Simply Wall St.

Premium · Free with any account

The forward P/E of 14.2x is materially lower than the trailing P/E of 24.3x, indicating the market expects earnings growth to slow from the trailing twelve-month period [Yahoo Finance].

1 of 4 risks in this report

Risks

4

Opportunities

5

Red flags

1

Leadership

2

9 more findings in the full report — free with any account.

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Produced 01 Sept 2026, 13:08 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated