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How MiniMed Group (MMED) makes money

MiniMed Group (MMED) made $843M of revenue in the second quarter 2026 (Q2 2026), +17% from a year earlier. CGM brought in $431M (51%); Consumables brought in $261M (31%); Pumps brought in $144M (17%). Of every dollar of revenue, 55¢ was left as gross profit, 1¢ was left as operating profit.

Drawing the Sankey…

MiniMed Group revenue by segment, Q2 2026MiniMed Group revenue by segment, Q2 2026CGM$431MConsumables$261MPumps$144MOther$7.0M
MiniMed Group: revenue by line, Q1 2026 to Q2 2026MiniMed Group: revenue by line, Q1 2026 to Q2 2026CGMConsumablesPumpsOtherCGM: $431M latest$431MConsumables: $261M latest$261MPumps: $144M latest$144MOther: $7.0M latestQ1 2026Q1 2026Q2 2026
Pumps went from 19% of revenue in Q1 2026 to 17% in Q2 2026, the largest shift in the mix.
MiniMed Group revenue by quarterMiniMed Group revenue by quarter$790MQ1 2026$837MQ1 2026$843MQ2 2026
MiniMed Group: where each dollar of revenue goesMiniMed Group: where each dollar of revenue goesCost of revenue45¢Gross profit55¢Operating expenses55¢Operating profit1¢Income tax0¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
CGM$431M51.1%+3%+20%
Consumables$261M31.0%+5%+14%
Pumps$144M17.1%-0.7%+21%
Other$7.0M0.8%-68%-53%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$843M100.0%
Cost of revenue$378M44.8%
Gross profit$465M55.2%
Operating expenses$460M54.6%
Operating profit$5.0M0.6%
Income tax$4.0M0.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$843M+17%
Q1 2026$837M+16%
Q1 2026$790M+15%

From MiniMed Group's 10-Q filed Sep 8, 2026 (on EDGAR).

Questions

How does MiniMed Group make money?

MiniMed Group (MMED) made $843M of revenue in the second quarter 2026 (Q2 2026), +17% from a year earlier. CGM brought in $431M (51%); Consumables brought in $261M (31%); Pumps brought in $144M (17%). Of every dollar of revenue, 55¢ was left as gross profit, 1¢ was left as operating profit.

What is MiniMed Group's biggest business?

CGM: $431M in the second quarter 2026, 51% of revenue, +20% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.