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Medtronic plc - MDT STOCK NEWS

Welcome to our dedicated page for Medtronic plc news (Ticker: MDT), a resource for investors and traders seeking the latest updates and insights on Medtronic plc stock.

Medtronic plc (NYSE: MDT) is an American medical device company with its operational and executive headquarters in Minneapolis, Minnesota, and legal headquarters in Dublin, Ireland, following its acquisition of Covidien in 2015. As one of the largest medical-device companies globally, Medtronic specializes in developing and manufacturing therapeutic medical devices for chronic diseases.

The company’s extensive product portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. It markets these products to healthcare institutions and physicians worldwide, with international sales accounting for approximately 50% of its total revenue.

In a recent announcement on April 10, 2024, Medtronic unveiled significant advancements in artificial intelligence (AI) for endoscopic care through the launch of ColonPRO™ software for the GI Genius™ intelligent endoscopy system. This new software improves polyp detection and introduces procedural highlights to enhance physicians' workflow. The company has also entered into a collaboration with Modernizing Medicine® to integrate AI-driven data with electronic health records (EHR).

Medtronic recently reported its financial results for the fourth quarter and fiscal year 2024, showcasing a global revenue of $32.364 billion, a 3.6% increase compared to the previous year. The company's revenue growth was fueled by advancements in its Cardiovascular, Neuroscience, Medical Surgical, and Diabetes portfolios.

In addition to its financial performance, Medtronic has made strides in technological innovation. The U.S. FDA approved the Inceptiv™ closed-loop rechargeable spinal cord stimulator (SCS) for chronic pain treatment, demonstrating the company’s commitment to addressing unmet clinical needs and improving patient care through advanced technologies.

Medtronic remains dedicated to its mission of alleviating pain, restoring health, and extending life, driven by a global team of over 95,000 employees across 150 countries. The company continues to leverage its diverse knowledge and insatiable curiosity to deliver innovative solutions that transform lives. For more information, visit Medtronic's official website.

News

Upfront Tuition Coverage Is a Game-Changer for Medtronic Employees

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The press release highlights the success of the MAPS program in removing barriers to education, with Candi Sneed being the first link in a chain of future engineers. The program's impact on education and diversity is emphasized, showcasing a positive step towards empowering underrepresented groups in engineering.
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Medtronic reports third quarter fiscal 2024 financial results

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Medtronic plc (MDT) reports strong Q3 FY24 results with revenue of $8.1 billion, up 4.7%, and raises full-year guidance. Key highlights include growth in Core Spine, Cardiac Surgery, Structural Heart, Cardiac Pacing, and Diabetes. The company received FDA approvals for innovative products and provided updates on its Cardiovascular, Neuroscience, Medical Surgical, and Diabetes portfolios.
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Grounding in Healing To Navigate the DEI Landscape in 2024

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Medtronic's Chief Inclusion and Diversity Officer emphasizes the importance of healing in a corporate context, focusing on addressing workplace exclusion, intolerance, toxicity, and discrimination. The company is committed to fostering a more inclusive and equitable workplace, despite facing challenges such as DEI backlash and extreme polarization.
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Medtronic: Green Flags To Look For in ID&E Reporting

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Medtronic highlights its commitment to inclusion, diversity, and equity (ID&E) in its Annual Report, focusing on efforts to build and maintain an inclusive culture, representation goals, and sharing actionable progress with data and real employee stories.
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Medtronic to announce financial results for its third quarter of fiscal year 2024

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Medtronic plc (NYSE:MDT) will report financial results for its third quarter of fiscal year 2024 on February 20, 2024. The news release will include summary financial information for the company's third quarter, which ended on January 26, 2024. A video webcast will be hosted to discuss the results, with a replay and transcript available within 24 hours. Additionally, plans for reporting fiscal year 2024 fourth quarter results and fiscal year 2025 quarterly results were outlined.
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Medtronic Named One of America's Most JUST Companies

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JUST Capital, in collaboration with CNBC, released its annual JUST 100 list, recognizing American corporate leadership on business issues prioritized by the public. Medtronic was named one of America's Most JUST Companies for the 2nd consecutive year, demonstrating commitment to serving workers, customers, communities, the environment, and shareholders. The JUST 100 companies outperform their peers financially and demonstrate better performance in areas such as paying a living wage, career development training, parental leave, water usage, CO2 emissions, renewable energy use, profit margin, return on equity, and dividend yield.
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Medtronic: Here Comes the Sun - 3 Things To Know About Our Solar Footprint

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Medtronic has been investing in renewable energy sources like solar, with a commitment to be net zero by 2045. The company's first solar farm opened in 2014 and they have since expanded their solar energy footprint globally, with the recent addition of a solar energy farm at their Mounds View, Minnesota campus. Medtronic used approximately 414,300 megawatt hours (MWh) of renewable electricity last year, accounting for more than 46% of their total electricity usage.
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Medtronic LABS President Ruchika Singhal Named “Corporate Social Innovator of the Year” by Schwab Foundation

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Medtronic LABS president, Ruchika Singhal, was named the 2024 'Corporate Social Innovator of the Year' by the Schwab Foundation for Social Entrepreneurship. The independent nonprofit organization, supported by Medtronic, has impacted over 1.6 million patients, enrolled 237,000 people in healthcare programs, and improved over 100,000 lives through its data, technology, and partnerships to address health issues in underserved communities globally.
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FDA approves Medtronic Percept™ RC neurostimulator with exclusive BrainSense™ technology

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Medtronic plc (MDT) announces FDA approval of Percept™ RC Deep Brain Stimulation (DBS) system, the latest innovation in the Percept™ family, offering personalized treatment for patients with movement disorders and epilepsy. The system features BrainSense™ technology, SenSight™ directional leads, and a rechargeable neurostimulator with at least 15 years of service life and rapid recharging capabilities.
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Medtronic Diabetes announces world's first approval for MiniMed™ 780G System with Simplera Sync™ disposable, all-in-one sensor

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Medtronic plc (MDT) receives CE Mark approval for the MiniMed™ 780G system with Simplera Sync™ sensor, offering improved user experience and half the size of previous sensors. The system automatically adjusts glucose levels and features a Meal Detection™ feature to reduce post-meal hyperglycemia. The system is also compatible with the world's only 7-day infusion set and requires no fingersticks.
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FAQ

What is the current stock price of Medtronic plc (MDT)?

The current stock price of Medtronic plc (MDT) is $87.84 as of January 22, 2025.

What is the market cap of Medtronic plc (MDT)?

The market cap of Medtronic plc (MDT) is approximately 113.1B.

What does Medtronic plc specialize in?

Medtronic specializes in developing and manufacturing therapeutic medical devices for chronic diseases, including pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools.

Where are Medtronic’s headquarters located?

Medtronic’s operational and executive headquarters are in Minneapolis, Minnesota, while its legal headquarters are in Dublin, Ireland, following its acquisition of Covidien in 2015.

How significant are Medtronic’s international sales?

International sales account for roughly 50% of Medtronic’s total revenue.

What recent advancements has Medtronic made in AI for healthcare?

Medtronic recently launched the ColonPRO™ software for the GI Genius™ intelligent endoscopy system, enhancing AI-driven polyp detection and procedural highlights. The company also partnered with Modernizing Medicine® to integrate AI data with EHR systems.

What are Medtronic’s recent financial achievements?

Medtronic reported a global revenue of $32.364 billion for fiscal year 2024, a 3.6% increase from the previous year, driven by growth in its Cardiovascular, Neuroscience, Medical Surgical, and Diabetes portfolios.

What new technology has Medtronic introduced for chronic pain treatment?

Medtronic introduced the Inceptiv™ closed-loop rechargeable spinal cord stimulator (SCS), which the U.S. FDA approved for the treatment of chronic pain.

How many employees does Medtronic have worldwide?

Medtronic has a global team of over 95,000 employees across 150 countries.

What is Medtronic’s mission?

Medtronic's mission is to alleviate pain, restore health, and extend life.

Where can I find more information about Medtronic?

For more information about Medtronic, visit their official website at Medtronic.com.

How does Medtronic approach innovation in healthcare?

Medtronic leverages its diverse knowledge, insatiable curiosity, and commitment to helping those in need to deliver innovative technologies that transform lives, focusing on engineering extraordinary healthcare solutions.
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Medtronic plc

NYSE:MDT

MDT Rankings

#112 Ranked by Market Cap
#1008 Ranked by Dividends

MDT Stock Data

113.15B
1.28B
0.26%
85.42%
0.79%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
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