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Investor Relations Medtronic Introduces MiniMed™ Mio™ Advance Infusion Set Enabling Fewer Insertion Steps for People with Diabetes in the U.S. Medtronic Begins Real-World Post-Market Study of the Valiant Navion Thoracic Stent Graft System in Patients with Thoracic Aortic Dissection, New Real-World Data from Medtronic Global SYMPLICITY Registry Show Renal Denervation Lowered Blood Pressure in Patients with Hypertension Out to Three Years, FDA Approves First-Of-Its-Kind Percept™ PC Neurostimulator with BrainSense™ Technology, Medtronic Evolut TAVI System Receives Expanded Indication in Europe to Treat Severe Aortic Stenosis Patients at Low Risk for Surgical Mortality, Medtronic and Foxconn Partner to Increase Ventilator Production, ABRE Study Meets Primary Safety and Effectiveness Endpoints, Medtronic Shares Study Results on First of Its Kind Extended Wear Infusion Set from American Diabetes Association Conference, Medtronic Announces a $337 Million Product Investment from Blackstone Life Sciences to Expand Development of Future Diabetes Technologies, Medtronic Presents U.S. Pivotal Trial Data for MiniMed™ 780G Advanced Hybrid Closed Loop System with Automated Correction Bolus Feature, Medtronic Secures CE Mark for MiniMed™ 780G Advanced Hybrid Closed Loop System Designed to Further Simplify Type 1 Diabetes Management, Medtronic Announces Scientific Data Presentations at the American Diabetes Association 80th Scientific Sessions, Medtronic Resolute Onyx™ DES Receives First and Only One-Month DAPT Indication for High Bleeding Risk Patients in Europe, Medtronic CEO Geoff Martha to Speak at Goldman Sachs Global Healthcare Conference, Per FDA Guidance, Medtronic Temporarily Modifies Several Cardiopulmonary Product Indications for Longer Duration Use in ECMO Therapy to Address COVID-19, Medtronic EVP & CFO Karen L. Parkhill to Participate in the Jefferies 2020 Global Healthcare Conference, Medtronic CEO Geoff Martha to Speak at Bernstein Strategic Decisions Conference, Medtronic Guardian™ Connect Continuous Glucose Monitoring (CGM) System for Diabetes Now Compatible with Android Devices, Medtronic Reports Fourth Quarter and Fiscal Year 2020 Financial Results; Announces Dividend Increase, New Directional Cannula Provides More Flexibility and Control to Balloon Kyphoplasty Procedures, Jeffrey J. Popma, M.D.
Management strongly encourages investors to review the company’s consolidated financial statements and publicly filed reports in their entirety.
Medtronic does not undertake to update its forward-looking statements or any of the information contained in this press release, including to reflect future events or circumstances. The company reported first quarter worldwide revenue of $6.507 billion, a decrease of 13 percent as reported. FY20 Integrated Performance Report Announces Goal for Carbon Neutrality by FY30, and Outlines Progress on Pay Equity and COVID-19 Response, Digital resources help Medtronic employees with stress management. Both documents can also be accessed by visiting newsroom.medtronic.com. Earlier today, Medtronic reported first quarter 2021 financial results. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial schedules accompanying this press release. https://www.medtronic.com/us-en/index.html?intcmp=mdt_com_country_selector_dropdown_atlasr22016, Electromagnetic Compatibility Guide for Cardiac Devices, Fortune Magazine Names Medtronic To Its Annual ‘Change The World’ List, Healthier Together Series: Staying Well While Staying Put, Open Letter to Medtronic Employees from New CEO Geoff Martha, Medtronic Announces First Quarter FY21 Financial Results, Medtronic Creates Virtual Summer Internships, Healthier Together Series: Mindfulness in a Minute, U.S. Healthcare Leader Joins Medtronic Board of Directors, Medtronic Announces Partnership with The Foundry to Develop Innovative Mitral Valve Repair Technology, Medtronic Named One of America's Most JUST Companies by Forbes and JUST Capital, Medtronic Launches Head-to-Head TAVR Study Comparing the Evolut™ TAVR Platform Against the Edwards SAPIEN Valve in Small Annulus Patients, Minimally Invasive Therapies (formerly Covidien), Information About Proposition 65 for California Customers, California Transparency in Supply Chains Act. Non-GAAP net income and diluted EPS exclude the effect of certain charges or gains that contribute to or reduce earnings but that result from transactions or events that management believes may or may not recur with similar materiality or impact to operations in future periods (Non-GAAP Adjustments). While it is difficult to calculate an exact impact from the extra week, which occurred in the first fiscal month of the quarter, the company estimates that it resulted in a benefit to revenue as stated above and an approximate $0.06 to $0.10 benefit to non-GAAP diluted earnings per share (EPS) in the first quarter of this fiscal year. SI’s mid-twenties organic decline was partially offset by flat organic results in RGR. Non-U.S. developed market revenue of $2.175 billion represented 33 percent of company revenue and decreased 8 percent as reported and low-double digit organic. With an updated browser, you will have a better Medtronic website experience. Omar Ishrak to Retire as Medtronic Executive Chairman and Chairman of the Board; Geoff Martha to Succeed Ishrak as Chairman of the Board, Effective December 11, 2020 Oct 06, 2020 Medtronic Announces First Patient Implanted in ELITE Study of InterStim™ Micro

For more information, view our press release or visit investorrelations.medtronic.com. Medtronic Announces Second Quarter 2020 Financial Results View an infographic summary of the company’s second quarter earnings report. Medtronic will host a webcast today, August 25, at 8:00 a.m. EDT (7:00 a.m. CDT) to provide information about its businesses for the public, investors, analysts, and news media.

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