Medtronic (MDT) Change in Inventory (2014 - 2026)
Medtronic (MDT) reported Change in Inventory of $240 million for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 35.7% from $373 million a year earlier.
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Analysis
Medtronic (MDT) Change in Inventory (2014 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Medtronic's Change in Inventory came in at $271 million, down 39.5% year-over-year; for FY2026 (ended Apr 24, 2026), it was $404 million, up 38.4% from FY2025.
- By fiscal year, Change in Inventory came in at $292 million in FY2025 (+110.1%), $139 million in FY2024 (-85.2%), $939 million in FY2023 (+67.7%) and $560 million in FY2022.
- Five-year quarterly Change in Inventory spans a low of -$399 million in fiscal Q4 2026 and a high of $410 million in fiscal Q1 2024.
- Year over year, Change in Inventory gained in two of the last five quarters, with growth averaging 64.3%.
- The high point for year-over-year Change in Inventory in five years was fiscal Q1 2023 (growth of 406.7%); the low point was fiscal Q4 2023 (a decline of 98.5%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at -$399 million (Q4 2026), $131 million (Q3 2026) and $299 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | - |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 301.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 46.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 248.00 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 240.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 113.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 133.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | - |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 23.50 Mn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 25.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 240.00 Mn |
| Apr 24, 2026 | -399.00 Mn |
| Jan 23, 2026 | 131.00 Mn |
| Oct 24, 2025 | 299.00 Mn |
| Jul 25, 2025 | 373.00 Mn |
| Apr 25, 2025 | -186.00 Mn |
| Jan 24, 2025 | 200.00 Mn |
| Oct 25, 2024 | 61.00 Mn |
| Jul 26, 2024 | 217.00 Mn |
| Apr 26, 2024 | -391.00 Mn |
| Jan 26, 2024 | -86.00 Mn |
| Oct 27, 2023 | 206.00 Mn |
| Jul 28, 2023 | 410.00 Mn |
| Apr 28, 2023 | 3.00 Mn |
| Jan 27, 2023 | 152.00 Mn |
| Oct 28, 2022 | 404.00 Mn |
| Jul 29, 2022 | 380.00 Mn |
| Apr 29, 2022 | 201.00 Mn |
| Jan 28, 2022 | 203.00 Mn |
| Oct 29, 2021 | 81.00 Mn |
API Access
Medtronic Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();