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| Date | Value |
|---|---|
| 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 |