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CLAIM #40522 · Medtronic PLC (MDT) · 2025Q1 earnings call · Aug 20, 2024 · due Jan 31, 2025

We expect their contribution to our overall growth to increase in the coming quarters, as we continue to launch new technology.

Geoff Martha · CEO

PENDING
graded after results covering Jan 31, 2025 are reported

In context

many large secular growth markets that matter. At the same time, we continue to invest in our pipeline, which we expect to drive growth in the short, medium, and the long-term. We are at the front end of many new product cycles, in markets like diabetes, pulse field ablation, TAVR, neuromodulation, hypertension, and robotics. We're focused on driving scale across our manufacturing, technology, and commercial organizations, and making progress on our ongoing portfolio management work. Now, as we deliver innovation and continue to execute on our transformation, this will lead to strong returns for our shareholders. Now let's turn to the details of our Q1 results and discuss our performance. Looking first at our highest gross businesses, combined they grew 8% and made up 21% of our revenue. We expect their contribution to our overall growth to increase in the coming quarters, as we continue to launch new technology. Starting with cardiac ablation solutions, we're at one of those moments in med-tech, where a new technology is causing a rapid shift in the treatment of a disease. In this case, PFA is that technology for AFib. We've been investing in and developing this technology over many years. We're well positioned here, and we're confident in our ability to execute and take advantage of this opportunity. In-line with what we said last quarter, our CAS growth rate accelerated in Q1, growing over 6%. We're seeing rapid market adoption of our PulseSelect PFA catheters, and its growth is more than offsetting [crowd declines] (ph). The PulseSelect launch has been successful, with more than 550 physicians in 20 countries having treated over 10,000 patients. To meet the strong market demand, we're dramatic

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SEC filings for MDT · Claim quote is verbatim from the 2025Q1 earnings call.