CLAIM #40697 · Medtronic PLC (MDT) · 2026Q1 earnings call · Aug 19, 2025 · due Apr 30, 2027
“And we continue to have near-term line of sight to adding an incremental $1 billion in revenue off of our fiscal '25 base.”
Geoff Martha · CEO
How to check this claim
Look at: Cumulative incremental revenue added to CAS (cardiac ablation solutions) business relative to fiscal 2025 base revenue
It came true if: Incremental CAS revenue >= $1 billion above fiscal '25 base
Where: Company segment revenue disclosure (10-K/10-Q or earnings call commentary on CAS revenue)
In context
“arting in Q2 and further accelerate in the back half of the fiscal year. Switching to MedSurg. MedSurg grew 2% this quarter, in line with our current expectations. And Diabetes continued to grow above the company average on the strength of our 780G system and Simplera Sync sensor in international markets. So looking ahead, we're well positioned to accelerate growth in each of our segments in the second half of the year. In our earnings deck that we posted earlier today, we outlined several milestones that we have coming over the rest of the fiscal year that will drive this acceleration, the largest, of course, being our CAS business with our continued rollout of our PFA portfolio. In Q2, we expect our CAS business to grow even faster than the nearly 50% growth we posted this past quarter. And we continue to have near-term line of sight to adding an incremental $1 billion in revenue off of our fiscal '25 base. Demand remains extremely high, and we're executing against our plans to quickly ramp mapping system and catheter supply. And CAS is just one of several upcoming growth accelerators for cardiovascular. Let's talk Renal Denervation. We're expecting the final national coverage from CMS on or before October 8, and we expect the U.S. launch of our Symplicity procedure for hypertension to ramp after that. And our Peripheral Vascular business will start the launch of our Contego carotid stent system this quarter and our Liberant mechanical thrombectomy system in the second half of the fiscal year. Now in Neuroscience, we're poised to accelerate growth starting this quarter with further acceleration in the back half of the fiscal year. First, we expect our Pelvic Health business to be a key drive”
Verify independently
SEC filings for MDT ↗ · Claim quote is verbatim from the 2026Q1 earnings call.