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Medtronic (MDT) free cash flow by quarter

Medtronic's free cash flow was $1.3B in Q1 FY27 (first quarter fiscal 2027), -38% from Q4 FY26. Over the last 7 quarters it ranged from $457M (Q2 FY26) to $2.3B (Q3 FY26).

Medtronic free cash flow by quarterMedtronic free cash flow by quarter$2.1BQ3 FY25$2.1BQ4 FY25$584MQ1 FY26$457MQ2 FY26$2.3BQ3 FY26$2.1BQ4 FY26$1.3BQ1 FY27
QuarterFree cash flowQ/QY/Y
Q1 FY27$1.3B-38%+121%
Q4 FY26$2.1B-9%+0.8%
Q3 FY26$2.3B+403%+10%
Q2 FY26$457M-22%—
Q1 FY26$584M-72%—
Q4 FY25$2.1B-1%—
Q3 FY25$2.1B——

Q1 FY27 at a glance

Medtronic, Q1 FY27: revenue $9.8B (+14% year over year), operating margin 18.1%, net earnings $1.5B, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.

Questions

What is Medtronic's free cash flow?

Medtronic's free cash flow was $1.3B in Q1 FY27 (first quarter fiscal 2027), -38% from Q4 FY26.

How has Medtronic's free cash flow changed?

Over the last 7 quarters it ranged from $457M (Q2 FY26) to $2.3B (Q3 FY26).

Q1 FY27 results → · How Medtronic makes money →