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Medtronic plc (MDT)

Healthcare Balanced

Medtronic is a global healthcare giant that designs and manufactures medical devices, from heart pacemakers to surgical robots, to help people live healthier lives.

$85.39

Is Medtronic plc a good stock for a UK beginner?

The honest version: Medtronic is a global healthcare giant that designs and manufactures medical devices, from heart pacemakers to surgical robots, to help people live healthier lives.

No rating · no target price · nothing for sale here
Price+6.1%
Priced in USD - as a UK investor your £ return also moves with the pound-to-dollar exchange rate, on top of the share price itself.
52-week range-6% past year
$85.39
Low $73.31High $106.33
Where today's price sits versus its past year - context, not a signal.
If you had put $1,000 into Medtronic plc
$1,061+6%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$109.30B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
9.90M
Day range: The lowest and highest price the shares traded at during the latest day.
$83.84 – $85.97
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$73.31 – $106.33
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
23.0
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
3.4%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.58
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.58
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▼ -6% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Dominance in the growing market for remote patient monitoring.

The bear case

Major technological disruption from new, smaller competitors.

What does Medtronic plc do?

Medtronic makes the high-tech tools that doctors use every day, including insulin pumps, heart valves, and surgical equipment. The company earns its keep selling these essential devices to hospitals and clinics around the world. Watch how well Medtronic keeps innovating across its product range, since staying ahead of rivals in fast-moving medical technology is what counts here.

VQGMI
Factor profile

On our factor screen it looks strongest on value and quality, and weakest on momentum.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 59Quality: How profitable and financially healthy the company is (higher = stronger). 57Growth: How fast revenue and earnings are growing (higher = faster). 52Momentum: How the share price has been trending recently (higher = stronger recent run). 37Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 53
Quick checks
What's strong
  • A massive, established player with a very wide range of medical products.
  • High gross margins suggest they have strong control over their pricing.
  • A history of paying a reliable dividend to shareholders.
What to watch
  • Strict government regulations can delay or block new product launches.
  • Potential for expensive legal issues if medical devices fail or cause harm.
  • Economic downturns can lead hospitals to delay purchasing expensive new equipment.

What do Medtronic plc's numbers mean?

P/E
22.5
This shows how much you are paying for every pound of the company's current annual profit.
Forward P/E
13.0
This looks at the price compared to expected future profits, suggesting analysts think the company might become more profitable soon.
Gross margin
65.3%
This tells us that for every pound of sales, the company keeps over 65 pence after paying for the direct costs of making their products.
Dividend yield
3.4%
This is the annual cash payment to shareholders as a percentage of the share price, which can provide a steady income stream.
Beta
0.6
A number below 1 suggests the share price tends to be less jumpy and volatile than the wider stock market.

How much money does Medtronic plc make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$2.45B$4.90B$7.36B$9.81BQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
65.3%
Net margin
13.2%
Return on equity
9.8%

Does Medtronic plc pay a dividend?

Yes - Medtronic plc currently pays a dividend of about 3.4% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

When does Medtronic plc report earnings, and how did recent quarters go?

Medtronic plc is next scheduled to report on about 2026-09-01 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-06-03$1.54$1.55In line
2026-02-17$1.34$1.36Beat +2%
2025-11-18$1.31$1.36Beat +3%
2025-08-19$1.23$1.26Beat +3%
2025-05-21$1.58$1.62Beat +3%
2025-02-18$1.36$1.39Beat +2%

Across the last 6 quarters here, Medtronic plc came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Healthcare

Eli LillyWest Pharmaceutical Services, Inc.Incyte CorporationThe Cigna GroupZimmer Biomet Holdings, Inc.Moderna, Inc.Gilead Sciences, Inc.Regeneron Pharmaceuticals, Inc.

What are the scenarios for Medtronic plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

$108$85$73today · $85▲ Bull · $92• Base · $85▼ Bear · $79in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +10%Stronger than expected demand for new surgical robotics.
Base
-2% to +2%Steady, predictable sales across their core medical device segments.
Bear
-5% to -10%Supply chain disruptions slowing down product deliveries.

What are the pros and cons of Medtronic plc?

4bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case4
  • A massive, established player with a very wide range of medical products.
  • High gross margins suggest they have strong control over their pricing.
  • A history of paying a reliable dividend to shareholders.
  • Lower volatility compared to the broader market.
The catch3
  • Large, complex companies can be slow to adapt to rapid changes.
  • Heavy reliance on hospital budgets which can be squeezed by government policy.
  • High competition in the medical device sector keeps pressure on profit margins.
Key risks3
  • Strict government regulations can delay or block new product launches.
  • Potential for expensive legal issues if medical devices fail or cause harm.
  • Economic downturns can lead hospitals to delay purchasing expensive new equipment.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: USD · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.