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AI English summary of an SEC filing — figures as filed

Medtronic logoMedtronic MDT

The company said worldwide revenue for fiscal 2025 Q2 (ended October 25, 2024) was $8.403 billion, up 5.3% as reported and 5.0% on an organic basis.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said worldwide revenue for fiscal 2025 Q2 (ended October 25, 2024) was $8.403 billion, up 5.3% as reported and 5.0% on an organic basis.

  2. Medtronic said GAAP diluted EPS for Q2 was $0.99 (net income of $1.270 billion, up 40% and 46%, respectively), and non-GAAP diluted EPS was $1.26 (non-GAAP net income of $1.620 billion, down 3%, and EPS up 1%).

  3. The company raised its fiscal 2025 organic revenue growth guidance to 4.75% to 5% from the prior 4.5% to 5%, and its non-GAAP diluted EPS guidance to $5.44 to $5.50 from the prior $5.42 to $5.50, it said.

  4. Medtronic reported free cash flow of $1,020 million for the first half of fiscal 2025 (6 months ended October 25, 2024), calculated as operating cash flow of $1,944 million less capital expenditures of $924 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 revenue $8.403 billion

The company said worldwide revenue for fiscal 2025 Q2 (ended October 25, 2024) was $8.403 billion, up 5.3% as reported and 5.0% on an organic basis.

Source · Based on the filing body and exhibits

GAAP and non-GAAP diluted EPS

Medtronic said GAAP diluted EPS for Q2 was $0.99 (net income of $1.270 billion, up 40% and 46%, respectively), and non-GAAP diluted EPS was $1.26 (non-GAAP net income of $1.620 billion, down 3%, and EPS up 1%).

Source · Based on the filing body and exhibits

Raises full-year outlook

The company raised its fiscal 2025 organic revenue growth guidance to 4.75% to 5% from the prior 4.5% to 5%, and its non-GAAP diluted EPS guidance to $5.44 to $5.50 from the prior $5.42 to $5.50, it said.

Source · Based on the filing body and exhibits

6-month free cash flow

Medtronic reported free cash flow of $1,020 million for the first half of fiscal 2025 (6 months ended October 25, 2024), calculated as operating cash flow of $1,944 million less capital expenditures of $924 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.