Medtronic cuts FY2026 EPS guidance to $5.50-$5.54 on MiniMed charges
Medtronic lowered its fiscal 2026 non-GAAP EPS guidance to $5.50 to $5.54, down from $5.62 to $5.66 given on its Q3 earnings call. The cut reflects a $157 million one-time MiniMed charge tied to Blackstone payments and dilution from the March 9, 2026 MiniMed IPO, which together hit fourth-quarter results. Fiscal 2027 high single-digit EPS growth guidance was left unchanged.
- FY2026 non-GAAP EPS guidance now $5.50 to $5.54, versus $5.62 to $5.66 previously
- One-time $157 million MiniMed charge expected in Q4 FY2026, about $0.08 per share impact
- IPO of 10% of MiniMed closed March 9, 2026, with about $0.04 per share dilution in Q4 FY2026
- FDA cleared the MiniMed Flex insulin pump on March 18, 2026, several months earlier than anticipated