Medtronic (MDT) Change in Inventory (2014 - 2026)
Medtronic's (MDT) quarterly Change in Inventory came in at $240.0 million in Q3 2026, down 35.66% year-over-year from $373.0 million in Q3 2025, and up 160.15% quarter-over-quarter from -$399.0 million in Q2 2026.
Analysis
Medtronic (MDT) Change in Inventory (2014 - 2026) Analysis & Trends
Medtronic has disclosed Change in Inventory across 13 years of filings, most recently posting $240.0 million for Q3 2026.
- In Q3 2026, Change in Inventory fell 35.66% year-over-year to $240.0 million; the TTM figure through Jul 2026 stood at $271.0 million (down 39.51% YoY), while the FY2026 annual figure was $404.0 million, up 38.36% from the prior year.
- Change in Inventory came in at $240.0 million for Q3 2026 at Medtronic, up from -$399.0 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.
- Average Change in Inventory over 5 years is $127.3 million, with a median of $201.0 million recorded in 2022.
- Year-over-year, Change in Inventory surged 406.67% in 2022 and sank 13133.33% in 2024.
- Over 5 years, Change in Inventory stood at $404.0 million in 2022, then plunged by 49.01% to $206.0 million in 2023, then slumped by 70.39% to $61.0 million in 2024, then jumped by 390.16% to $299.0 million in 2025, then decreased by 19.73% to $240.0 million in 2026.
- Per Business Quant data, the three most recent Change in Inventory figures were $240.0 million in Q3 2026, -$399.0 million in Q2 2026, and $131.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 301.00 Mn |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 248.00 Mn |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 240.00 Mn |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 113.00 Mn |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 133.00 Mn |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 23.50 Mn |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | - |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 36.40 Mn |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 73.30 Mn |
| 10 | Zimmer Biomet Holdings | 18.20 Bn | 17.79 Bn | 1.54 Bn | 30.50 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 |