Medtronic (MDT) Change in Inventory (2014 - 2026)
Medtronic (MDT) posted Change in Inventory of -$399.0 million for Q2 2026, down 404.58% sequentially from $131.0 million in Q1 2026, and down 114.52% YoY from $2.7 billion in Q2 2025.
Medtronic (MDT) Change in Inventory (2014 - 2026) Analysis & Trends
Medtronic has reported Change in Inventory for 13 years, with the latest figure at -$399.0 million in Q2 2026.
- Quarterly Change in Inventory fell 114.52% year-over-year to -$399.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $404.0 million (up 38.36% YoY) and the FY2026 annual result came in at $404.0 million, up 38.36% from the prior year.
- Change in Inventory eased to -$399.0 million in Q2 2026 per MDT's latest filing, from $131.0 million in the prior quarter.
- Over five years, Change in Inventory peaked at $410.0 million in Q3 2023 and troughed at -$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.
- The sharpest annual moves came in 2022 and 2024: Change in Inventory soared 406.67% in 2022, then slumped 13133.33% in 2024.
- Over 5 years, Change in Inventory stood at $404.0 million in 2022, then slumped by 49.01% to $206.0 million in 2023, then plunged by 70.39% to $61.0 million in 2024, then soared by 390.16% to $299.0 million in 2025, then plunged by 233.44% to -$399.0 million in 2026.
- According to Business Quant data, Change in Inventory over the past three periods registered -$399.0 million, $131.0 million, and $299.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.24 Bn | 193.64 Bn | 7.27 Bn | 301.00 Mn |
| 2 | Stryker | 128.63 Bn | 125.15 Bn | 4.50 Bn | 113.00 Mn |
| 3 | Medtronic | 119.19 Bn | 109.97 Bn | 6.41 Bn | -399.00 Mn |
| 4 | Boston Scientific | 73.51 Bn | 72.97 Bn | 3.85 Bn | 133.00 Mn |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.85 Bn | 1.35 Bn | 23.50 Mn |
| 6 | Dexcom | 34.64 Bn | 32.70 Bn | 830.00 Mn | 36.40 Mn |
| 7 | GE HealthCare Technologies | 34.01 Bn | 31.90 Bn | 2.18 Bn | 139.00 Mn |
| 8 | Koninklijke Philips | 26.40 Bn | 23.08 Bn | 4.55 Bn | -131.35 Mn |
| 9 | Steris | 23.14 Bn | 22.65 Bn | 684.20 Mn | 73.30 Mn |
| 10 | Zimmer Biomet Holdings | 19.32 Bn | 18.91 Bn | 1.54 Bn | 30.50 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 |