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CLAIM #40795 · Medtronic PLC (MDT) · 2026Q2 earnings call · Nov 18, 2025 · due Apr 30, 2027

And, Rob, you have read some of your stuff in the past that you don't think there's much to do for us on SG&A. There but there's more.

Geoff Martha · CEO

PENDING
graded after results covering Apr 30, 2027 are reported

How to check this claim

Look at: SG&A expense as a percentage of revenue, annual

It came true if: SG&A % of revenue for fiscal year 2027 lower than fiscal year 2025 reported figure

Where: Company income statement / 10-K SG&A disclosure

In context

ustainable fashion and COGS and pricing, and the leverage on the overhead, we'll have a leveraged P&L on the operating profit line in 2027. And that's why we hold on our commitment to have high single-digit EPS growth going into next year. Geoffrey Martha: Yeah. You know, just to just to add to that, you know, there's more oxygen here. To create for the investment. You know, it's good to see the improved pricing. And as we go forward, we're not, you know, assuming much incremental, but pricing, but at least holding the improved position that we have. But there's more oxygen in our cost down. You know, as we there's opportunities in scrap, obsolescence, and over time, you know, continue to optimize our network. So these are areas I think these are the incremental opportunity and cost down. And, Rob, you have read some of your stuff in the past that you don't think there's much to do for us on SG&A. There but there's more. There's more to go on SG&A for the company, and that's where the scale of the company should benefit us here. And, you know, it's not gonna be, you know, easy on the company, but there's opportunities there. And we're committed to doing what it takes to fund these growth drivers because, you know, what we're seeing out there with patients on these different growth drivers and what we're hearing clinicians, the impact on them and their staff. It's, you know, this is a big opportunity for the company we haven't seen in decades. We're gonna make it happen. Right? And so there's still, you know, room to go on SG&A as well. And like I said, COGS, to make this happen. Robbie Marcus: Great. That was a fantastic answer. Maybe just one, quick follow-up. Geoff and Thierry, I know even since the beg

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SEC filings for MDT · Claim quote is verbatim from the 2026Q2 earnings call.