Medtronic Lowers Earnings Forecast Following MiniMed IPO
ByAinvest
Thursday, Mar 26, 2026 4:00 pm ET1min read
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Medtronic has lowered its FY26 earnings forecast after its diabetes spinoff, MiniMed, went public. The revised outlook includes a charge for future payments to private equity firm Blackstone, which funded development of MiniMed's new insulin pump. Medtronic now expects adjusted EPS of $5.50 to $5.54, a decrease of 12 cents from its previous forecast. The company expects dilution of one to two cents per month between the IPO and split.
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