Medtronic Fiscal Q1 Adjusted Earnings, Revenue Rise; Fiscal 2027 Adjusted Earnings Outlook Raised

MT newswire2026/09/01 11:09

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07:09 AM EDT, 09/01/2026 (MT Newswires) -- Medtronic (MDT) reported fiscal Q1 adjusted earnings Tuesday of $1.45 per share, up from $1.26 a year earlier. Analysts surveyed by FactSet expected $1.39. Revenue for the quarter ended July 31 was $9.76 billion, up from $8.58 billion a year earlier. Analysts expected $9.55 billion. The company expects fiscal 2027 adjusted earnings of $5.94 to $6 per share. Previous outlook was $5.90 to $6. Analysts expect $5.95. Separately, Medtronic said it formed a partnership with Cornerstone Robotics under which it will invest $700 million. The $700 million investment includes distribution rights for Cornerstone Robotics' Sentire surgical system in foreign markets where the system is approved, Medtronic added. Shares of the company were up 6.7% in Tuesday premarket activity.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41