Filing Flows › MiniMed Group (MMED) › Q2 2026 › vs Q1 2026
MiniMed Group (MMED) Q2 2026 vs Q1 2026 (quarter over quarter)
MiniMed Group's revenue rose $6.0M (+0.7%) from $837M in Q1 2026 to $843M in Q2 2026. The biggest changes: Other −$15.0M (-68%); Consumables +$12.0M (+5%); CGM +$11.0M (+3%). Gross margin 55.2% against 57.3% (-2.2 pts).
MiniMed Group, Q2 2026: revenue $843M (+17% year over year), operating margin 0.6%, net earnings $0, operating cash flow −$49.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 55.2% | 57.3% | -2.2 pts |
| Operating margin | 0.6% | -11.1% | +11.7 pts |
| Net margin | 0.0% | -22.1% | +22.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| CGM | $431M | $420M | $11.0M | +3% |
| Consumables | $261M | $249M | $12.0M | +5% |
| Pumps | $144M | $145M | −$1.0M | -0.7% |
| Other | $7.0M | $22.0M | −$15.0M | -68% |
| Revenue | $843M | $837M | $6.0M | +0.7% |
| Gross profit | $465M | $480M | −$15.0M | -3% |
| Cost of revenue | $378M | $357M | $21.0M | +6% |
| Operating profit | $5.0M | −$93.0M | $98.0M | — |
| Operating expenses | $460M | $573M | −$113M | -20% |
| Pre-tax earnings | $4.0M | −$92.0M | $96.0M | — |
| Research & development | $115M | $99.0M | $16.0M | +16% |
| SG&A | $312M | $299M | $13.0M | +4% |
| Other operating costs | $33.0M | $175M | −$142M | -81% |
| Net earnings | $0 | −$185M | $185M | — |
| Income tax | $4.0M | $93.0M | −$89.0M | -96% |
| Operating cash sources | $100M | $217M | −$117M | -54% |
| Depreciation & amortization | $41.0M | $39.0M | $2.0M | +5% |
| Share-based compensation | $10.0M | $8.0M | $2.0M | +25% |
| Cash used in operations | $49.0M | $170M | −$121M | -71% |
| Working capital & other | $100M | $32.0M | $68.0M | +212% |
Questions
How much did MiniMed Group's revenue grow quarter over quarter in Q2 2026?
MiniMed Group's revenue rose $6.0M (+0.7%) from $837M in Q1 2026 to $843M in Q2 2026.
What drove MiniMed Group's revenue change in Q2 2026?
Other −$15.0M (-68%); Consumables +$12.0M (+5%); CGM +$11.0M (+3%).