CLAIM #40608 · Medtronic PLC (MDT) · 2025Q3 earnings call · Feb 18, 2025 · due Jun 30, 2025
“We expect to file this with the FDA here in the first-half of the calendar year.”
Geoff Martha · CEO
In context
“ow our 780G installed base, and we're seeing very high CGM attachment rates, as well as strong growth and consumables. In Europe, we're getting excellent user feedback on our Simplera Sync sensor, which is half the size and much easier to apply than our previous sensor. In the U.S., we've submitted Simplera Sync for FDA approval, and we're also continuing to make progress on the integration work with the Abbott-based sensor. We expect these two new sensors to really accelerate our U.S. growth when fully launched. Beyond sensors, we're also investing heavily in our robust diabetes technology pipeline, including next-gen durable pumps, patch pumps, smart pens, and algorithms. We're also seeking expanded labeling for the 780G, including Type 2 diabetes, which is a meaningful new opportunity. We expect to file this with the FDA here in the first-half of the calendar year. So across Medtronic we continue to drive mid-single-digit growth and you're now seeing this translate into strong earnings power. We're delivering leveraged earnings as we focus on disciplined pricing, holding our SG&A growth below sales, and realizing the benefits of our scale, including more than doubling our underlying COGS productivity. Gary will now walk you through a deeper look at our Q3 financial performance and our outlook. Gary, over to you. Gary Corona: Thanks, Geoff. Our Q3 revenue of $8.3 billion grew 4.1% organic. On the bottom line, adjusted EPS was $1.39, up 6.9%. This was $0.03 above both consensus and the midpoint of our guidance. The EPS beat was driven by better-than-expected operating profit on stronger gross margins and a better-than-expected tax rate. We like the sh”
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SEC filings for MDT ↗ · Claim quote is verbatim from the 2025Q3 earnings call.