Medtronic (MDT) Inventory (2014 - 2026)
Medtronic's Inventory was $6.22 billion in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 5.6% from $5.89 billion a year earlier and up 4.4% from the prior quarter.
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Analysis
Medtronic (MDT) Inventory (2014 - 2026) Analysis & Trends
At the end of FY2026 (ended Apr 24, 2026), Inventory at Medtronic came in at $5.95 billion, up 8.7% from FY2025.
- Inventory shows a five-year compound annual growth rate of 6.7% (FY2021 to FY2026).
- In earlier fiscal years, Inventory was $5.48 billion in FY2025 (+5.0%), $5.22 billion in FY2024 (-1.4%), $5.29 billion in FY2023 (+14.7%) and $4.62 billion in FY2022 (+7.0%).
- Quarterly Inventory has moved between $4.35 billion (fiscal Q2 2022) and $6.31 billion (fiscal Q3 2026) over five years.
- Compared with a year earlier, Inventory has increased for six straight quarters, with growth averaging 5.7% over the last eight quarters.
- The best year-over-year quarter for Inventory over five years was fiscal Q3 2023 (growth of 19.1%); the worst was fiscal Q2 2025 (a decline of 4.8%).
- Per Business Quant data, MDT's Inventory in the three fiscal quarters before Q1 2027 was $5.95 billion (Q4 2026), $6.31 billion (Q3 2026) and $6.16 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 5.63 Bn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 7.32 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 3.26 Bn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 2.03 Bn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 6.22 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 5.52 Bn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 3.24 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 3.32 Bn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 1.13 Bn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 1.12 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 |
API Access
Medtronic 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=inventory&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=inventory&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();