Medtronic Fiscal Q1 Adjusted Earnings, Revenue Rise; Fiscal 2027 Adjusted Earnings Outlook Raised

MT newswire2026/09/01 11:09

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

07:09 AM EDT, 09/01/2026 (MT Newswires) -- Medtronic (MDT) reported fiscal Q1 adjusted earnings Tuesday of $1.45 per share, up from $1.26 a year earlier. Analysts surveyed by FactSet expected $1.39. Revenue for the quarter ended July 31 was $9.76 billion, up from $8.58 billion a year earlier. Analysts expected $9.55 billion. The company expects fiscal 2027 adjusted earnings of $5.94 to $6 per share. Previous outlook was $5.90 to $6. Analysts expect $5.95. Separately, Medtronic said it formed a partnership with Cornerstone Robotics under which it will invest $700 million. The $700 million investment includes distribution rights for Cornerstone Robotics' Sentire surgical system in foreign markets where the system is approved, Medtronic added. Shares of the company were up 6.7% in Tuesday premarket activity.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36