Medtronic (MDT) Inventory (2014 - 2026)
Medtronic's (MDT) quarterly Inventory came in at $6.2 billion in Q3 2026, up 5.59% year-over-year from $5.9 billion in Q3 2025, and up 4.44% quarter-over-quarter from $6.0 billion in Q2 2026.
Analysis
Medtronic (MDT) Inventory (2014 - 2026) Analysis & Trends
Medtronic has disclosed Inventory across 13 years of filings, most recently posting $6.2 billion for Q3 2026.
- In Q3 2026, Inventory rose 5.59% year-over-year to $6.2 billion; the TTM figure through Jul 2026 stood at $6.2 billion (up 5.59% YoY), while the FY2026 annual figure was $6.0 billion, up 8.67% from the prior year.
- Inventory came in at $6.2 billion for Q3 2026 at Medtronic, up from $6.0 billion in the prior quarter.
- In the past five years, Inventory ranged from a high of $6.3 billion in Q1 2026 to a low of $4.5 billion in Q1 2022.
- Average Inventory over 5 years is $5.5 billion, with a median of $5.5 billion recorded in 2024.
- Year-over-year, Inventory grew 19.07% in 2023 and fell 4.78% in 2024.
- Over 5 years, Inventory stood at $5.1 billion in 2022, then climbed by 13.83% to $5.8 billion in 2023, then slipped by 4.78% to $5.5 billion in 2024, then advanced by 12.36% to $6.2 billion in 2025, then gained by 0.96% to $6.2 billion in 2026.
- Per Business Quant data, the three most recent Inventory figures were $6.2 billion in Q3 2026, $6.0 billion in Q2 2026, and $6.3 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 7.32 Bn |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 2.03 Bn |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 6.22 Bn |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 5.52 Bn |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 3.24 Bn |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 1.13 Bn |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 2.51 Bn |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 726.40 Mn |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 712.10 Mn |
| 10 | Zimmer Biomet Holdings | 18.20 Bn | 17.79 Bn | 1.54 Bn | 2.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 6.22 Bn |
| Apr 24, 2026 | 5.95 Bn |
| Jan 23, 2026 | 6.31 Bn |
| Oct 24, 2025 | 6.16 Bn |
| Jul 25, 2025 | 5.89 Bn |
| Apr 25, 2025 | 5.48 Bn |
| Jan 24, 2025 | 5.61 Bn |
| Oct 25, 2024 | 5.48 Bn |
| Jul 26, 2024 | 5.41 Bn |
| Apr 26, 2024 | 5.22 Bn |
| Jan 26, 2024 | 5.73 Bn |
| Oct 27, 2023 | 5.75 Bn |
| Jul 28, 2023 | 5.67 Bn |
| Apr 28, 2023 | 5.29 Bn |
| Jan 27, 2023 | 5.38 Bn |
| Oct 28, 2022 | 5.06 Bn |
| Jul 29, 2022 | 4.81 Bn |
| Apr 29, 2022 | 4.62 Bn |
| Jan 28, 2022 | 4.51 Bn |
| Oct 29, 2021 | 4.35 Bn |