CLAIM #40744 · Medtronic PLC (MDT) · 2026Q2 earnings call · Nov 18, 2025 · due Apr 30, 2027
“We remain on track to double the revenue of this business soon, adding an incremental $1 billion off the $1 billion FY '25 base.”
Geoff Martha · CEO
How to check this claim
Look at: Annual revenue of the Affera/PFA (cardiac ablation) business referenced, versus the FY'25 base of $1 billion
It came true if: Annual revenue >= $2 billion (i.e., incremental $1 billion added to the $1 billion FY'25 base)
Where: Company-disclosed segment/business revenue disclosure (10-K / earnings call commentary)
In context
“rom customers that they want to purchase additional affair systems to expand into even more of their labs. And in the vast majority of instances, when a new affair system goes into a lab, we take the majority of the AF procedure share in that lab. You know, our plants have scaled, as I mentioned earlier, to meet the challenge. And our mapping hiring is going really well. And as a result, we've doubled our installed base of Affair mapping systems during the quarter. And given the economics of this business with capital and consumables, our mapping system sales are a strong leading indicator of future revenue growth and margin expansion. So we're in the early, we're still in the early parts of this rollout. And we expect revenue acceleration to continue with an even higher CAS growth in Q3. We remain on track to double the revenue of this business soon, adding an incremental $1 billion off the $1 billion FY '25 base. Look, and we're not stopping there. With our pipeline, we're bringing a fair technology to the single-shot segment with Sphere 360. EPs tell us that 360 is the most anticipated PFA catheter out there, given the strength of its early clinical data. We've submitted the IDE to the FDA to get approval for our US pivotal trial. So the EP ablation space we're expecting to start in Q3 is now over $12 billion. It's growing mid-twenties, and with our low double-digit share, and the high demand I just talked about, for the current portfolio and our pipeline, we see a long runway to gain significant share and add meaningful growth to Medtronic. Now on top of that growth, we're launching as the clear market leader in two very large end markets. Our simplicity procedure for hypertension, and AltaViva”
Verify independently
SEC filings for MDT ↗ · Claim quote is verbatim from the 2026Q2 earnings call.