Health Care
Price
$83.19
+5.04%Market Cap
$106.49B
Day High
$83.31
Day Low
$79.90
Medtronic delivered solid FY2026 results with revenue growing 8.4% to $36.4B and operating cash flow rising 4.1% to $7.3B, though net income growth lagged at 3.0% due to higher operating expenses.
Key risk: Elevated SG&A and Cost Structure
SG&A expenses of $11.8B represent a significant cost burden relative to revenue, and cost of revenue growth of 9.4% outpaced revenue growth of 8.4%, compressing gross profit margins. If this trend continues, Medtronic may struggle to expand profitability even as top-line growth continues.
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