Filing Flows › MiniMed Group (MMED) › Q2 2026 › vs Q2 2025
MiniMed Group (MMED) Q2 2026 vs Q2 2025 (year over year)
MiniMed Group's revenue rose $120M (+17%) from $723M in Q2 2025 to $843M in Q2 2026. The biggest changes: CGM +$71.0M (+20%); Consumables +$32.0M (+14%); Pumps +$25.0M (+21%). Gross margin 55.2% against 56.6% (-1.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.2% | 56.6% | -1.4 pts |
| Operating margin | 0.6% | -1.8% | +2.4 pts |
| Net margin | 0.0% | -2.2% | +2.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| CGM | $431M | $360M | $71.0M | +20% |
| Consumables | $261M | $229M | $32.0M | +14% |
| Pumps | $144M | $119M | $25.0M | +21% |
| Other | $7.0M | $15.0M | −$8.0M | -53% |
| Revenue | $843M | $723M | $120M | +17% |
| Gross profit | $465M | $409M | $56.0M | +14% |
| Cost of revenue | $378M | $314M | $64.0M | +20% |
| Operating profit | $5.0M | −$13.0M | $18.0M | — |
| Operating expenses | $460M | $422M | $38.0M | +9% |
| Pre-tax earnings | $4.0M | −$13.0M | $17.0M | — |
| Research & development | $115M | $125M | −$10.0M | -8% |
| SG&A | $312M | $283M | $29.0M | +10% |
| Other operating costs | $33.0M | $14.0M | $19.0M | +136% |
| Net earnings | $0 | −$16.0M | $16.0M | — |
| Income tax | $4.0M | $3.0M | $1.0M | +33% |
| Operating cash sources | $100M | $189M | −$89.0M | -47% |
| Depreciation & amortization | $41.0M | $39.0M | $2.0M | +5% |
| Share-based compensation | $10.0M | $9.0M | $1.0M | +11% |
| Cash used in operations | $49.0M | $141M | −$92.0M | -65% |
| Working capital & other | $100M | $173M | −$73.0M | -42% |
Questions
How much did MiniMed Group's revenue grow year over year in Q2 2026?
MiniMed Group's revenue rose $120M (+17%) from $723M in Q2 2025 to $843M in Q2 2026.
What drove MiniMed Group's revenue change in Q2 2026?
CGM +$71.0M (+20%); Consumables +$32.0M (+14%); Pumps +$25.0M (+21%).