Medtronic (MDT) Change in Inventory (2014 - 2026)

Medtronic (MDT) reported Change in Inventory of -$399.0 million for Q2 2026, down 114.52% on a YoY basis from $2.7 billion in Q2 2025, and down 404.58% sequentially from $131.0 million in Q1 2026.

Medtronic (MDT) Change in Inventory (2014 - 2026) Analysis & Trends

Medtronic (MDT) has 13 years of Change in Inventory data on file, last reported at -$399.0 million in Q2 2026.

  • For the quarter ending Q2 2026, Change in Inventory fell 114.52% year-over-year to -$399.0 million; the trailing twelve-month figure through Apr 2026 stood at $404.0 million (up 38.36% YoY), and the FY2026 full-year result was $404.0 million, up 38.36% from the prior year.
  • Change in Inventory eased to -$399.0 million in Q2 2026, from $131.0 million in the prior quarter.
  • In the past five years, Change in Inventory ranged from a high of $410.0 million in Q3 2023 to a low of -$399.0 million in Q2 2026.
  • A 5-year average of $121.0 million and a median of $200.5 million in 2022 frame the typical range for Change in Inventory.
  • Across the five-year window, Change in Inventory jumped 406.67% in 2022 and plunged 13133.33% in 2024, its largest moves.
  • Tracing MDT's Change in Inventory over 5 years: stood at $404.0 million in 2022, then tumbled by 49.01% to $206.0 million in 2023, then sank by 70.39% to $61.0 million in 2024, then soared by 390.16% to $299.0 million in 2025, then sank by 233.44% to -$399.0 million in 2026.
  • Business Quant data shows MDT's Change in Inventory at -$399.0 million in Q2 2026, $131.0 million in Q1 2026, and $299.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 420.00 Mn
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 127.00 Mn
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn -399.00 Mn
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 177.00 Mn
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 1.60 Mn
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 65.20 Mn
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn -264.59 Mn
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 171.00 Mn
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn -38.50 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 -399.00 Mn
Apr 24, 2026 -399.00 Mn
Jan 23, 2026 131.00 Mn
Jan 23, 2026 131.00 Mn
Oct 24, 2025 299.00 Mn
Oct 24, 2025 299.00 Mn
Jul 25, 2025 373.00 Mn
Jul 25, 2025 373.00 Mn
Apr 25, 2025 -186.00 Mn
Apr 25, 2025 -186.00 Mn
Jan 24, 2025 200.00 Mn
Jan 24, 2025 200.00 Mn
Oct 25, 2024 61.00 Mn
Oct 25, 2024 61.00 Mn
Jul 26, 2024 217.00 Mn
Jul 26, 2024 217.00 Mn
Apr 26, 2024 -391.00 Mn
Apr 26, 2024 -391.00 Mn
Jan 26, 2024 -86.00 Mn
Jan 26, 2024 -86.00 Mn