Earnings
Medtronic's fourth-quarter revenue grows nearly double digits, full-year performance best in a decade
Medtronic's fourth-quarter revenue for fiscal 2026 reached $9.8 billion, up nearly 10% year-over-year, exceeding market expectations. Full-year revenue was $36.36 billion, up 8.4% year-over-year, achieving the strongest annual growth in a decade. The cardiovascular business contributed significantly, with the pulsed field ablation business growing 145% globally. The company expects organic revenue growth of 6.75%-7.25% for fiscal 2027 and faces an impact of approximately $250 million from tariffs.
MiniMed Expands Abbott Collaboration with New Dual-Function Glucose-Ketone Sensor
MiniMed held its first earnings call since going public in March on Wednesday. Company executives shared updates on new products, the expanded glucose sensor collaboration with Abbott, and progress in advancing its separation from Medtronic. MiniMed also reported fiscal fourth-quarter revenue of $837 million (up 16% year-over-year) and a net loss of $183 million.
Stryker Chief Accounting Officer William Berry Jr. Announces Retirement, Emily Baculik to Succeed
According to a securities filing submitted by Stryker on Wednesday, Chief Accounting Officer William Berry Jr. will retire on September 1, with current Corporate Controller Emily Baculik set to take over. Berry will serve as a consultant until August 15, 2027, with an annual salary of $510,000 and retaining eligibility for a 50% incentive bonus. Baculik has served as Corporate Controller since November 2024 and brings over 20 years of financial experience in public companies.