CLAIM #40734 · Medtronic PLC (MDT) · 2026Q1 earnings call · Aug 19, 2025 · due Apr 30, 2027
“When I said that, we're sticking to that. Nothing's changed.”
Geoff Martha · CEO
How to check this claim
Look at: Cumulative Annual CAS (Cardiac Ablation Solutions) sales growth on top of FY'25 base, as disclosed by Medtronic
It came true if: CAS annual sales reach FY'25 base + $1 billion, achieved by FY2027 (i.e., no later than fiscal year ending April 2027)
Where: Medtronic quarterly/annual earnings reports and management commentary (10-K/10-Q, earnings calls)
In context
“t of off-cycle discussions that will help drive this. So that's what I think. It's the focus, it's the interval and it's touch points with management and I think the med tech voice on those 2 committees. Ryan Weispfenning: Thanks, Larry. Next question we'll take from Mike Kratky at Leerink Partners. Michael Kratky: Maybe just going back to the CAS business. So during your last call, you talked about CAS growth accelerating from 30%. You put up another great quarter of nearly 50%. Expecting that to accelerate again. So I'm curious in terms of the ramp that you've seen, is that $2 billion that you've talked about in annual CAS sales now squarely on the table for fiscal '26? Or what reservations would you have about committing to that? Geoffrey Martha: Yes. No, thanks for the question, Mike. When I said that, we're sticking to that. Nothing's changed. And I said it's near term. I think getting it in fiscal '26 -- and it's off -- just to be clear, it's another $1 billion on top of our FY '25 base, right? So that's what we're anchored on. Sticking to that. I said near term. So near term, it could be for FY '26. I think it will go into FY '27, but it won't be far. So that's on track. I guess that's accelerating sequentially as well and things are looking good. So no change there. Ryan Weispfenning: We'll take the next question from Robbie Marcus at JPMorgan. Robert Marcus: Great. I wanted to follow up on Larry's question on the new directors and the formation of the committee. Geoff, Thierry, maybe you could give us a little more. Besides more touch points and communication, is this something where maybe the size of the company, the divid”
Verify independently
SEC filings for MDT ↗ · Claim quote is verbatim from the 2026Q1 earnings call.