Medtronic PLC stock outperforms competitors on strong trading day

Medtronic plc (MDT) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events On September 14, 2026, Medtronic plc, a public limited company organized under the laws of Ireland (“Medtronic”), commenced an offer to exchange (the “Exchange Offer”) up to 225,361,295 newly issued shares of common stock, par value $0.01 per share (“MiniM

Medtronic (MDT) shares are down 3% this year, but the company's Hugo robotic-assisted surgery system is gaining market share. The FDA approved Hugo for urological procedures, and Medtronic submitted new filings for broader use. Q1 2027 revenue was $9.8B, up 13.7% YoY, with EPS of $1.14, up 40.7%. The company raised full-year guidance and is on track to become a Dividend King. Medtronic's dividend yield is 3.06%, and it is expanding in cardiac and spinal technologies.

Medtronic (MDT) raised its fiscal 2027 profit forecast to $5.94-$6.00 per share and increased revenue growth outlook to 7.25%-7.75%. Q1 revenue was $9.756B, up 13.7%, with all segments showing double-digit growth. The company faces tariff headwinds and potential diabetes business separation.

Medtronic (MDT) reported Q1 growth of 7% (excluding an extra week), driven by innovations in cardiac ablation, renal denervation, robotics, and pelvic health. Cardiac ablation revenue surpassed $2B, while pelvic health revenue grew 15%. The company is investing in robotics, structural heart, and neuroscience, and plans to focus on tuck-in acquisitions. Medtronic expects to discuss its growth outlook further at an upcoming Investor Day.

Medtronic received FDA clearance for its LigaSure RAS Maryland device, compatible with the Hugo robotic-assisted surgery system. The device is designed for vessel sealing in robotic-assisted procedures. Medtronic aims to expand Hugo's use to more soft-tissue surgeries. The device is already available in Europe. Medtronic is working to broaden Hugo's applications in the US, where it is currently approved for urologic procedures.

Medtronic (MDT) received FDA clearance for its LigaSure RAS Maryland instrument for use with the Hugo RAS system. The device, used in over 45 million procedures, expands robotic surgery options. MDT stock closed at $93.75, down 0.05%, and is at $93.50 in pre-market trading.