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Green Cabbage Announces the Launch of Two New Spend Cubes: MRO and Employee Benefits

Expansion Driven by Client Feedback

PITTSBURGH, June 4, 2026 /PRNewswire/ — Green Cabbage, the leading procurement intelligence partner for thousands of organizations across the globe, today announced the expansion of its Spend Cube portfolio with the launch of two new strategic procurement categories, MRO (Maintenance, Repair & Operations) and Employee Benefits.

Green Cabbage Announces the Launch of Two New Spend Cubes: MRO and Employee Benefits
Green Cabbage Announces the Launch of Two New Spend Cubes: MRO and Employee Benefits

The expansion comes directly from conversations with Green Cabbage clients during the company’s annual customer conference in April, Cabbage World, where clients expressed a desire to leverage Green Cabbage’s expertise across additional areas of spend. In response, Green Cabbage moved quickly to develop comprehensive solutions that further strengthen its position as a true one-stop shop for procurement and vendor management.

“At Cabbage World, our clients told us they wanted Green Cabbage to bring the same value, visibility, and savings opportunities to even more areas of their business,” said MVK, Chief Client Officer at Green Cabbage. “Those conversations sparked the creation of these new Spend Cubes. Our customers challenged us to expand our offerings, and we responded quickly. The launch of MRO and Employee Benefits reinforces our commitment to becoming the single procurement partner our clients can rely on across major spend categories.”

Introducing the MRO Spend Cube

Green Cabbage’s new MRO Spend Cube is designed to help clients better manage critical facility infrastructure and operational maintenance needs through strategic sourcing, supplier management, and nationwide service coverage.

The MRO Spend Cube includes:

Commercial Roofing- Comprehensive roofing solutions including inspections, preventative maintenance, repairs, emergency response, replacements, warranty management, and capital project support.

Paving- End-to-end pavement management services including asphalt repair, concrete work, sealcoating, striping, parking lot maintenance, and capital improvement projects.

HVAC- Heating, ventilation, and air conditioning solutions including preventive maintenance, emergency repairs, equipment replacement, controls management, energy optimization, and system upgrades.

Through the consolidation of these services within a dedicated Spend Cube, clients gain improved visibility, supplier accountability, operational consistency, and opportunities for significant cost savings.

Introducing the Employee Benefits Spend Cube

Green Cabbage is also expanding beyond traditional operational procurement categories with the launch of its new Employee Benefits Spend Cube, helping organizations optimize employee-focused programs while improving administrative efficiency and cost management.

The Employee Benefits Spend Cube includes:

Health & Medical Benefits- Medical, dental, and vision insurance administration and management solutions designed to support employee health while controlling costs.

Employee Wellness Services- Programs focused on employee wellbeing, including fitness initiatives, mental health resources, wellness programs, and engagement solutions.

Insurance & Risk Management- Comprehensive employee insurance offerings including life insurance, disability insurance, supplemental insurance, and risk management solutions.

Employee Pension Plans- Retirement-focused services including pension plan administration, 401(k) management, and retirement program support.

These offerings help organizations streamline employee benefits procurement, enhance the employee experience, and capitalize on Green Cabbage’s extensive supplier network and sourcing expertise in an otherwise complex and fragmented market.

“Our mission has always been to help clients simplify procurement while delivering measurable value,” said Michael Cadieux, Vice President of Operations, Marketing & Travel at Green Cabbage. “The launch of MRO and represents another major step in that journey. These are categories our clients asked us to help manage, and we’re excited to provide solutions that bring greater efficiency, stronger supplier partnerships, and meaningful savings. As we continue to grow, our focus remains on helping clients solve more challenges through a single trusted procurement partner.”

The launch of the MRO and Benefits Spend Cubes marks another milestone in Green Cabbage’s ongoing expansion strategy and reinforces the company’s commitment to delivering comprehensive procurement solutions that meet the evolving needs of its clients.

About Green Cabbage
Green Cabbage, Inc. is the global leader in Procurement Intelligence, addressing Technology, Third-Party Labor, Marketing, Travel & Expense, AI, MRO and Employee Benefits spend through our Harvest Platform.

Green Cabbage delivers Real, Tangible Outcomes with Market, Commercial, and Supplier Intelligence in as little as 24 hours. Green Cabbage services 2600+ clients across the globe in Enterprise, Mid-Market, Private Equity, and Consulting Firms. From pricing strategy and licensing to negotiation, audit defense, legal advisory, training and more.

For more information about Green Cabbage’s MRO and Employee Benefits Spend Cubes, contact your Green Cabbage representative or visit www.green-cabbage.com.

Media Contact:
Alex Fochler, Head of Marketing (alex.fochler@greencabbage.com)
www.green-cabbage.com

 

HYXI Unveils AI-Native Energy Autonomy at SNEC 2026

SHANGHAI, June 3, 2026 /PRNewswire/ — HYXI (formerly “HYXiPOWER”), a global smart energy innovator, showcased its latest AI-native smart energy ecosystem at SNEC 2026 under the theme “Smarter Energy for All,” highlighting its vision for AI-Native Energy Autonomy across residential, C&I, and utility-scale scenarios.

HYXI presents its AI-native smart energy ecosystem at SNEC 2026
HYXI presents its AI-native smart energy ecosystem at SNEC 2026

During the event, HYXI also reached strategic cooperation agreements with global partners including BM Energy, Solarever, Vision Grid Solutions and Longshine Technology, further strengthening its global collaboration.

Among the key highlights were HYXI Aura and HYXI Halo, expanding HYXI’s residential energy portfolio from whole-home backup to more flexible everyday energy applications. Both products will make their official debut at Intersolar Europe 2026 on June 23-25.

HYXI Aura is a fully integrated residential energy storage system designed to simplify whole-home backup and energy management. Featuring a true all-in-one architecture with no additional gateway required, the system supports seamless on/off-grid switching, flexible battery expansion, and intelligent whole-home energy coordination.

Designed as a plug-in AC-coupled micro ESS, HYXI Halo extends smart home energy into balcony PV, portable power, and outdoor applications through a lightweight modular design. Starting from 3kWh and expandable up to 18kWh, the system supports 3000W bidirectional output and up to 10,000 battery cycles, offering enhanced flexibility and long-term reliability for residential users.

For C&I applications, HYXI showcased the HYXI Atlas All-in-One Liquid Cooling ESS, designed for compact deployment, high operational efficiency, and intelligent energy optimization. Built with automotive-grade safety architecture and AI-assisted thermal management, the system helps commercial users improve energy utilization and maximize long-term asset value.

HYXI also introduced its EcoSavvy residential string inverter series and 2500W microinverter solution. The new 2–3.6kW models deliver up to 98.3% conversion efficiency through next-generation SiC power devices and optimized topology design, supporting high-power PV modules, easy installation, and intelligent energy coordination.

At the core of the ecosystem is HYXI Muse AI Native Energy OS, which integrates AI capabilities across energy generation, storage, consumption, and cloud-edge coordination. Powered by HYXI Cloud, the system enables intelligent energy scheduling, AI-based O&M, predictive safety management, and future VPP integration.

“The future of energy systems will not only be connected, but increasingly autonomous,” said Liu Chao, General Manager of HYXI. “By deeply integrating AI with energy technologies, HYXI aims to build smarter, more adaptive, and self-optimizing energy systems that create long-term value for users worldwide.”

 

VIVOTEK Connects AI Technology and Ecology to Protect Taiwan’s River Ecosystems

TAIPEI, June 3, 2026 /PRNewswire/ — Located in Nantou County, Taiwan, Zhonggua River was once heavily impacted by river engineering projects that disrupted the natural relationship between the stream and its surrounding environment. As habitats became simplified, native species declined while invasive species spread, and the river gradually lost much of its ecological vitality.

With growing environmental awareness and conservation advocacy, restoration efforts supported by Taiwan’s Agency of Rural Development and Soil and Water Conservation, together with National Chung Hsing University, helped restore the river’s natural landscape by removing concrete barriers and reopening the riverbanks to nature. The area has since evolved into a space for biodiversity conservation, environmental education, and community engagement, earning “OECM” (Other Effective Area-Based Conservation Measures) certification in Taiwan’s first competition.

As biodiversity returned, the need for a long-term, low-impact monitoring system created an opportunity for smart security solutions to support ecological conservation.

Background

Climate change, extreme weather, and changing land use patterns have increased the importance of river conservation and water management. Zhonggua River and its surrounding wetlands provide important habitat for Taiwan’s native wildlife.

After restoration, the River’s natural floodplain regained its ability to regulate floodwaters, replenish groundwater, and rebuild ecological habitats during typhoons and heavy rainfall.

VIVOTEK partnered with National Chung Hsing University and AI startup team DATAYOO to introduce an intelligent video monitoring solution, creating a 24/7, non-intrusive ecological observation system that supports both conservation and sustainable environmental management.

Challenges

Previously, ecological surveys relied on field inspections, manual observations, and conventional infrared cameras with limited recording capabilities and fixed viewing angles. Researchers entering the site could also unintentionally disturb wildlife.

In addition, the river experienced wastewater pollution incidents from upstream of the restoration site that damaged water quality and aquatic life. Traditional monitoring methods made it difficult to quickly identify pollution sources or track environmental changes over time.

These challenges highlighted the need for a smarter and more environmentally friendly monitoring solution.

Solutions

Remote Ecological Monitoring

As part of its “Safety Map” initiative, VIVOTEK mobilized employees to participate in local ecological restoration, including wetland creation, invasive plant removal, and native vegetation recovery. The company also deployed high-resolution PTZ cameras integrated with the VORTEX cloud surveillance platform, enabling remote live monitoring, centralized video management, and cloud-based data access to improve ecological research and environmental management efficiency.

Researchers can now remotely observe wildlife without disturbing natural behavior, documenting species such as the protected crab-eating mongoose, kingfishers, spot-billed ducks, turtles, and wild boars. The footage also supports the development of a local biodiversity database for long-term conservation research.

Environmental and Disaster Monitoring

The system monitors water levels, water conditions, and surrounding environments in real time, helping authorities manage flood risks during typhoons and heavy rain while reducing the need for personnel to enter hazardous areas.

If pollution incidents occur, recorded footage can help trace contamination sources and assess ecological impacts.

Environmental Education

Time-lapse footage and recorded videos are also used as educational materials for schools and local communities, helping raise awareness of biodiversity and ecological restoration.

Result and Customer Feedback

Since the deployment of the smart monitoring system, Zhonggua River has achieved significant ecological and environmental benefits:

  • Improved efficiency in biodiversity monitoring and long-term ecological research. Documentation of at least 13 species, including protected crab-eating mongooses, spot-billed ducks, kingfishers, turtles, and wild boars, validating the success of habitat restoration.
  • Enhanced pollution tracking and water environment management capabilities
  • Stronger flood and disaster monitoring during extreme weather
  • Creation of a growing environmental education and ecological resource database

“VIVOTEK’s smart security solutions empower researchers to observe ecosystems over longer periods and across wider areas without disturbing wildlife. Combined with wetland restoration efforts, the system has helped document the return of many native species once displaced by human activity.”

Chiou-Rong Sheue, Professor, Department of Life Sciences, National Chung Hsing University

VIVOTEK will continue leveraging AI and smart security technologies to support environmental protection, public safety, and sustainable development, creating a future where technology and nature coexist in harmony.

Galaxy Macau and Trip.com Group Strike Three-Year Deal to Supercharge Global Live Events Pipeline

Strategic alliance to drive headline concerts, sports events and premium travel experiences for international audiences, accelerating Macau’s push to become a global “City of Performing Arts.”


MACAU SAR – Media OutReach Newswire – 3 June 2026 – Galaxy Macau, the world-class luxury integrated resort, has entered into a landmark three-year strategic partnership with Trip.com Group, the global leading one-stop travel services platform, spanning 2026 to 2029. Anchored in the fast-growing convergence of live entertainment, sports and premium travel, the alliance signals an ambitious push to reshape Asia’s high-value tourism and events landscape.

Galaxy Macau and Trip.com Group formulate a three-year strategic partnership that focuses on scaling live events and unlocking value through integrated membership ecosystems. Pictured at the Galaxy Auditorium (trom right) Mr Jeffrey Jiang, Executive Vice President of Entertainment Services of Galaxy Entertainment Group, and Ms Echo He, Vice President of Trip.com Group, marking the collaboration.
Galaxy Macau and Trip.com Group formulate a three-year strategic partnership that focuses on scaling live events and unlocking value through integrated membership ecosystems. Pictured at the Galaxy Auditorium (trom right) Mr Jeffrey Jiang, Executive Vice President of Entertainment Services of Galaxy Entertainment Group, and Ms Echo He, Vice President of Trip.com Group, marking the collaboration.

At the core of the collaboration lies a shared commitment to scale world-class live experiences, leveraging Trip.com Group’s expansive global membership ecosystem alongside Galaxy Macau’s proven expertise in venue operations and large-scale event execution. This includes the flagship Galaxy Arena, a premier destination for international concerts, sporting spectacles and marquee entertainment programming.

Celebrating 15th Anniversary in 2026, Galaxy Macau cements its position as Asia's market-leading leisure and entertainment hub.
Celebrating 15th Anniversary in 2026, Galaxy Macau cements its position as Asia’s market-leading leisure and entertainment hub.

Through this partnership, both parties will deepen integration across event curation, execution and distribution, while unlocking new layers of value through cross-platform membership privileges. The result is designed to deliver a more seamless, diversified and elevated experience for audiences — from ticket access and travel planning to on-ground entertainment delivery.

The agreement marks a pivotal step forward in advancing the integration of culture and tourism, a priority theme shaping the next phase of regional tourismdevelopment. By combining digital reach with physical destination excellence, Galaxy Macau and Trip.com Group are positioned to explore a broader spectrum of co-branded initiatives, immersive event formats and destination-led campaigns that extend beyond conventional travel offerings.

As the collaboration evolves, Galaxy Macau and Trip.com Group will jointly shape emerging trends at the intersection of luxury tourism and cultural entertainment, injecting fresh momentum into Macau’s ambition to strengthen its standing as a world centre of tourism and leisure.

For more information about Galaxy Macau, please visit www.galaxymacau.com.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau, world-class luxury integrated resort, delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575 metres, the largest Skytop Wave Pool with waves up to 1.5-metre high and 150-metre pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theatres are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit and

Gorilla Technology Group Inc. Announces Pricing of $107 Million Senior Unsecured Convertible Bond Offering

London, United Kingdom – Newsfile Corp. – June 3, 2026 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the pricing of $107 million aggregate principal amount of 7.50% Senior Unsecured Convertible Notes due 2031 (the “Bonds”). The financing is being led by Highbridge Capital Management LLC, a current institutional stakeholder in Gorilla.

The Bonds are being sold in an SEC-registered offering on the Company’s “shelf” registration statement on Form F-3 by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, and is expected to close on or about June 5, 2026, subject to customary closing conditions.

When issued, the Bonds will be senior unsecured obligations of the Company, will be issued at 100% of their principal amount, will accrue interest payable semi-annually in arrears at a rate of 7.50% per annum, and will mature on June 5, 2031, unless earlier converted, redeemed or repurchased in accordance with their terms. Interest will be payable in cash or, at the Company’s election and subject to certain conditions, ordinary shares of the Company.

The initial conversion rate for the Bonds will be 39.2425 ordinary shares per $1,000 principal amount of Bonds, which is equivalent to an initial conversion price of approximately $25.4826 per ordinary share, and will be subject to adjustment upon the occurrence of certain events. The initial conversion price represents a conversion premium of approximately 17% over the closing price of $21.7800 per ordinary share of the Company on June 2, 2026. The conversion price is subject to two reset mechanisms: one, a downward reset with a floor of $6.00 per ordinary share; the second, an upward reset with a cap of $31.85325 per ordinary share, representing a premium of 46.25% per ordinary share over such closing price.

The Company intends to use the net proceeds from the offering to fund the equity portion of the purchases of data center equipment deployment pursuant to the Company’s second project with Yotta Data Services Private Limited, announced on April 29, 2026, with any remaining proceeds to be used for general corporate purposes.

Benchmark, a StoneX Company, and StoneX Financial, Inc. are acting as joint Placement Agents.

The Bonds and the ordinary shares issuable upon conversion of the Bonds, are being offered by the Company pursuant to a “shelf” registration statement on Form F-3. The offering of the Bonds and the ordinary shares issuable upon conversion thereof is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to this offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Benchmark, a StoneX company at 150 East 58th Street, New York, NY 10155, by phone at (212) 312-6722 or e-mail at mjacobs@benchmarkcompany.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

Disclosure Information

Gorilla Technology Group Inc. uses its Investor Relations website, available at https://investors.gorilla-technology.com, as a channel of distribution of information about the Company, including press releases, SEC filings, investor presentations, webcasts and other investor-related information.

The Company also notes that, at times, it may use other communication channels, including, but not limited to, its X account (@GorillaTechGrp) and/or LinkedIn account (Gorilla Technology Group), to disseminate information about the Company. These channels may be additional sources of information outside of press releases, regulatory filings with the Securities and Exchange Commission (SEC), and any conference calls, webcasts, investor days or other events that the Company may hold.

About Gorilla Technology Group Inc.

Headquartered in London, U.K., Gorilla Technology Group Inc. (NASDAQ: GRRR) is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. Gorilla provides a wide range of solutions, including Smart City, Network, Video, Security Convergence, IoT and AI infrastructure solutions across select verticals, including government & public services, manufacturing, telecom, retail, transportation & logistics, healthcare and education, using AI and deep learning technologies.

For more information, visit https://www.gorilla-technology.com/.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements.

These forward-looking statements include, without limitation, statements regarding the completion of the offering, the expected timing of the closing of the offering, the intended use of proceeds from the offering, the terms of the Bonds, the Company’s ability to fund GPU purchases and related business initiatives, and the potential benefits of such purchases, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026 and those that are included in any of Gorilla’s future filings with the SEC.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.

Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Public Relations Contact
Samantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.com

Investor Relations Contact
Dave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.

Your next hire isn’t human: agnt8x Launches the World’s First AI Agent Recruitment and Workforce Management Platform

One platform to find, hire, onboard, manage and orchestrate AI agents across every major LLM provider, governed by one Passport, one audit trail and one contract, and built to become the neutral marketplace where agents transact across sectors.


GEORGE TOWN, CAYMAN ISLANDS – Media OutReach Newswire – 3 June 2026 – agnt8x, the AI agent recruitment and workforce management platform built by EightX Labs Ltd, today opened to public access at agnt8x.ai. It lets enterprises find, hire, onboard, manage and orchestrate AI agents the way they manage human teams, across all major LLM providers, under one Passport, one audit trail and one contract.

agnt8x-launch-hero-1200x628

Every major AI lab has launched agents in the past twelve months. The result is fragmentation reaching every enterprise: agents from three or four providers running with no coherent recruitment, onboarding, audit or management path across them. There is no Workday for AI agents. agnt8x is the neutral layer above the providers.

The platform is built on five pillars. FIND is an ontological job board matching agents to roles. FORGE is a private enterprise catalogue for onboarding a company’s own agents. STUDIO is a nine-step onboarding flow. MANAGE is the workforce control plane: real-time profit and loss per agent, alignment monitoring, full audit trail, and unified billing across every provider, memory layer and per-task call. CONDUCTOR orchestrates multi-agent teams across providers on one canvas, a capability no other platform has built.

agnt8x is a two-sided marketplace. Alongside the enterprise platform, an independent global builder marketplace lets developers anywhere publish and monetise the agents and apps they create, matched to the companies that need them and earning recurring monthly revenue for as long as they run. Builder supply is live in production today.

agnt8x ships in three modes, the same agents across all three: SaaS for start-ups through mid-market; Tenant Workspace, a single-tenant deployment for larger enterprises; and EMBASSY, the full platform inside the customer’s own VPC with zero agnt8x access to runtime data, for systemically important institutions and government. Pooled platform compute from agnt8x, or Bring-Your-Own-Key, is available at every tier.

agnt8x today also published the EightX Agent Manifest (EAM) v0.1 under the Apache 2.0 open-source licence: an open specification for portable agent definition, so an agent compiles to every major runtime and is never locked to a single provider.

Open by design extends beyond the agent. agnt8x is engaging with the leading bodies defining how agents prove who they are and pay one another, and intends to align the Passport with the emerging open standards for agentic identity and settlement, with more to say in the coming weeks.

“Every company will have an AI workforce, and right now there is no system to run it,” said John Shipman, Founder and CEO of EightX Labs. “agnt8x is the recruitment and management layer above the AI providers, built to grow the business, run operations, and govern the workforce with real accountability. And once agents can be trusted to act, the next step is letting them transact, across sectors, on open standards and rails no single company controls. Your next hire isn’t human, and it should be recruited, onboarded, paid and managed with the same discipline as any other member of your team.”

EightX Labs is chaired by David Puth, former Chief Executive of Centre Consortium and of CLS Bank. The company was founded by John Shipman, Chief Executive Officer, PwC’s first global Digital Assets Leader and former Chief Technology Officer and Chief Operating Officer of a leading Australian wealth manager. Co-founder Michael Harte is a former Group CIO and COO at three global banks. agnt8x is live now at agnt8x.ai.

Hashtag: #EightX #agnt8x

The issuer is solely responsible for the content of this announcement.

About EightX Labs

EightX Labs Ltd builds agnt8x, the operating system for the agent economy. The company is incorporated in the Cayman Islands, with a US subsidiary, EightX US LLC, in Delaware. Counsel: Cooley LLP (US) and Carey Olsen (Cayman).

Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years

Disciplined execution and portfolio strength position Medtronic for continued momentum into fiscal year 2027

GALWAY, Ireland, June 3, 2026 /PRNewswire/ — Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced financial results for its fourth quarter (Q4) and fiscal year 2026 (FY26), which ended April 24, 2026.

Q4 Key Highlights

  • Revenue of $9.8 billion, increased 9.9% as reported and 6.6% organic, 90 basis points ahead of Q4 implied guidance
  • GAAP diluted EPS of $0.96; non-GAAP diluted EPS of $1.55, ahead of guidance
  • Cardiac Ablation Solutions revenue increased 78% globally, including 124% U.S. growth, gaining an additional 8 points of U.S. share
  • Cardiovascular grew 10.1%, led by mid-single-digit growth in Cardiac Rhythm Management driven by continued strength across Cardiac Pacing Therapies and Defibrillation Solutions, including mid-teens growth in Micra™ and a strong OmniaSecure™ U.S. launch
  • Medical Surgical reported strong performance, up 5.1%, led by Acute Care & Monitoring and Endoscopy, which were up low-double-digits and high-single-digits, respectively
  • Filed submission to U.S. FDA for Hugo™ RAS for the general surgery and gynecologic indications, as well as LigaSure™ RAS vessel sealer; received FDA clearance for ProGrip™ Advanced
  • Secured FDA Clearance for Spine, Cranial and ENT indications and CE Mark for Spine and Cranial indications for Stealth AXiS™ Surgical System
  • Executed several tuck-in M&A and venture capital transactions to strengthen portfolios, accelerate growth, and expand into high-growth adjacencies: completed CathWorks acquisition in Coronary and Renal Denervation; announced intention to acquire both Scientia Vascular in Neurovascular and SPR Therapeutics in Neuromodulation (in May); entered into agreements with Merit Medical Systems to offer ViaVerte™ system in Neuromodulation; and an investment in Pulnovo Medical in Cardiovascular
  • Dividend for Q1 FY27 increased to $0.72 per share, implying annual $2.88 per share; 49th consecutive year of dividend increases

FY26 Key Highlights

  • FY26 revenue of $36.4 billion, adjusted revenue of $36.3 billion, increased 8.4% as reported and 5.8% organic
  • FY26 GAAP diluted EPS of $3.73 increased 3.3%; non-GAAP diluted EPS of $5.53 increased 0.7%
  • FY26 operating margin was flat year-over-year; FY26 non-GAAP operating margin decreased 130 basis points, or 150 basis points constant currency
  • FY26 operating profit of $6.467 billion increased 8.6%; FY26 non-GAAP operating profit of $8.856 billion increased 2.4%, and decreased 0.6% constant currency
  • FY26 cash from operations of $7.3 billion with free cash flow of $5.4 billion; closed FY26 with $9.2 billion cash and investments
  • Company returned $4.2 billion to shareholders in FY26

“Our performance reflects the strongest annual top-line growth Medtronic has delivered in 10 years, powered by disciplined execution across our portfolio and continued operational rigor,” said Geoff Martha, Medtronic chairman and chief executive officer. “These results represent the compounding impact of deliberate choices we’ve made to strengthen our strategy, sharpen execution, and invest in the areas that will drive our future. We saw continued strength in some of our largest businesses like CRM, CST and Surgical, and we are building momentum in our highest growth opportunities, such as Affera, Symplicity, Hugo, Altaviva and Stealth AXiS. Together with the investments we’re making in our pipeline, Medtronic is well positioned to deliver sustained growth and long-term value.”

Q4 Financial Results
Medtronic reported Q4 worldwide revenue of $9.807 billion, an increase of 9.9% as reported and 6.6% on an organic basis. The Q4 FY26 organic revenue growth comparison excludes:

  • Other revenue of $34 million in the current year versus $31 million in the prior year
  • Revenue from the Dutch Obesity Clinic (NOK) divestiture with no revenue in the current year and $17 million in the prior year
  • Foreign exchange benefit of $308 million on the remaining net sales

Q4 revenue included:

  • Cardiovascular Portfolio revenue of $3.797 billion increased 13.8% as reported and 10.1% organic, with high-teens increase in Cardiac Rhythm & Heart Failure, low-single digit increase in Structural Heart & Aortic, and low-single digit increase in Coronary & Peripheral Vascular, all on an organic basis
  • Neuroscience Portfolio revenue of $2.751 billion increased 5.0% reported and 3.0% organic, with low-single digit increase in Neuromodulation, Cranial & Spinal Technologies, and Specialty Therapies, all on an organic basis
  • Medical Surgical Portfolio revenue of $2.388 billion increased 8.0% as reported and 5.1% organic, with low-single digit increase in Surgical & Endoscopy, and low-double-digit increase in Acute Care & Monitoring, all on an organic basis
  • Diabetes business revenue of $837 million increased 15.0% as reported and 8.1% organic1

Q4 GAAP operating profit and operating margin were $1.873 billion and 19.1%, respectively, an increase of 30.4% and 300 bps, respectively. As detailed in the financial schedules included at the end of the release, Q4 non-GAAP operating profit and operating margin were $2.500 billion and 25.5%, respectively, an increase of 0.6% and a decrease of 230 basis points, respectively. The operating margin includes impacts of 160 basis points from the MiniMed Blackstone payment and 80 basis points from tariffs.

Q4 GAAP net income and diluted earnings per share (EPS) were $1.243 billion and $0.96, respectively, representing increases of 17.6% and 17.1%, respectively. As detailed in the financial schedules included at the end of this release, Q4 non-GAAP net income and non-GAAP diluted EPS were $1.998 billion and $1.55, respectively, representing decreases of 3.9% and 4.3%, respectively.

FY26 Financial Results

  • Medtronic reported FY26 worldwide revenue of $36.364 billion and adjusted revenue of $36.325 billion, an increase of 8.4% as reported and 5.8% on an organic basis. The FY26 organic revenue growth comparison excludes:
    • Other revenue of $174 million in the current year and $48 million in the prior year
    • Revenue from the Dutch Obesity Clinic (NOK) divestiture of $5 million in the current year and $48 million in the prior year; and
    • Foreign exchange benefit of $819 million on the remaining net sales

FY26 GAAP operating profit and operating margin were $6.467 billion and 17.8%, respectively, an increase of 8.6% and flat year-over-year, respectively. As detailed in the financial schedules included at the end of the release, FY26 non-GAAP operating profit and operating margin were $8.856 billion and 24.4%, respectively, an increase of 2.4% and a decrease of 130 basis points, respectively. On a constant currency basis, FY26 non-GAAP operating profit and operating margin decreased 0.6% and 150 basis points, respectively. The operating margin includes impacts of 45 basis points from the MiniMed Blackstone payment and 50 basis points from tariffs.

FY26 GAAP net income and diluted EPS were $4.801 billion and $3.73, respectively, representing increases of 3.0% and 3.3%, respectively. As detailed in the financial schedules included at the end of this release, FY26 non-GAAP net income and non-GAAP diluted EPS were $7.120 billion and $5.53, respectively, representing increases of 0.6% and 0.7%, respectively. Included in FY26 non-GAAP diluted EPS was a $0.15 impact from foreign currency. FY26 non-GAAP diluted EPS on a constant currency basis decreased 2.0%.

FY26 cash from operations of $7.330 billion increased 4.1%. FY26 free cash flow of $5.426 billion increased 4.6%, representing free cash flow conversion from non-GAAP net earnings of 76%.

Dividend Increase
The company today announced that effective June 3, 2026, the Medtronic board of directors approved an increase in Medtronic’s cash dividend for the first quarter of fiscal year 2027, raising the quarterly amount to $0.72 per ordinary share. This would translate into an annual amount of $2.88 per ordinary share. Today’s announcement marks the 49th consecutive year of an increase in the dividend payment. The dividend is payable on July 17, 2026, to shareholders of record at the close of business on June 26, 2026.

Guidance
The company is guiding to FY27 organic revenue growth of 6.75% to 7.25%. FY27 organic revenue growth guidance includes the impact of the 53rd week as well as revenue from the Diabetes business for the full fiscal year. Consistent with prior quarters, the organic revenue growth guidance excludes the impact of foreign currency exchange and Other revenue.

The company is guiding to FY27 diluted non-GAAP EPS in the range of $5.90 to $6.00, representing FY27 diluted non-GAAP EPS growth in the range of 6.7% to 8.5%. This guidance includes the benefit of the 53rd week, increased M&A, as well as impacts from tariffs, interest, tax expense, and assumes consolidation of the Diabetes business for the full 12 months of FY27. This guidance also includes an estimated neutral to 1% accretive impact from foreign currency exchange based on recent rates.

“We are pleased to have delivered results ahead of expectations on both revenue and EPS,” said Thierry Piéton, Medtronic chief financial officer. “As we look to FY27, we are entering the year with strong momentum, a resilient operating foundation, and a clear path to deliver durable growth. With a uniquely robust pipeline, our tuck-in M&A and investment strategy activated, and continued financial discipline, we are poised to build on our FY26 performance.”

Video Webcast Information
Medtronic will host a video webcast today, June 3, at 7:45 a.m. EST (6:45 a.m. CST) to provide information about its business for the public, investors, analysts, and news media. This webcast can be accessed by clicking on the Quarterly Earnings icon at investorrelations.medtronic.com, and this earnings release will be archived at news.medtronic.com. Within 24 hours of the webcast, a replay of the webcast and transcript of the company’s prepared remarks will be available by clicking on the Past Events and Presentations link under the News & Events drop-down at investorrelations.medtronic.com.

Financial Schedules and Earnings Presentation
The fourth quarter and full year financial schedules and non-GAAP reconciliations can be viewed by clicking on the Quarterly Earnings link at investorrelations.medtronic.com. To view a printable PDF of the financial schedules and non-GAAP reconciliations, click here. To view the earnings presentation, click here.

About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Galway, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE: MDT), visit www.Medtronic.com and follow on LinkedIn.

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products, government regulation, geopolitical conflicts, changing global trade policies, material acquisition and divestiture transactions, general economic conditions, and other risks and uncertainties described in the company’s periodic reports on file with the U.S. Securities and Exchange Commission including the most recent Annual Report on Form 10-K of the company. In some cases, you can identify these statements by forward-looking words or expressions, such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “looking ahead,” “may,” “plan,” “possible,” “potential,” “project,” “should,” “going to,” “will,” and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Actual results may differ materially from anticipated results. 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.

NON-GAAP FINANCIAL MEASURES
This press release contains guidance and financial measures, including adjusted net income, adjusted diluted EPS, and organic revenue, which are considered “non-GAAP” financial measures under applicable SEC rules and regulations. Certain information in this press release also includes calculations or figures that have been prepared internally and have not been reviewed or audited by our independent registered public accounting firm. Use of different methods for preparing, calculating or presenting information may lead to differences and such differences may be material.

Medtronic management believes that non-GAAP financial measures provide information useful to investors in understanding the company’s underlying operational performance and trends and to facilitate comparisons with the performance of other companies in the med tech industry. 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). Medtronic generally uses non-GAAP financial measures to facilitate management’s review of the operational performance of the company and as a basis for strategic planning. Non-GAAP financial measures should be considered supplemental to and not a substitute for financial information prepared in accordance with U.S. generally accepted accounting principles (GAAP), and investors are cautioned that Medtronic may calculate non-GAAP financial measures in a way that is different from other companies. Management strongly encourages investors to review the company’s consolidated financial statements and publicly filed reports in their entirety. 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.

Medtronic calculates forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. For instance, forward-looking organic revenue growth guidance excludes the impact of foreign currency fluctuations, revenue in the current and prior year reported as “Other”, as well as significant acquisitions, divestitures, or other significant discrete items. Forward-looking diluted non-GAAP EPS guidance also excludes other potential charges or gains that would be recorded as Non-GAAP Adjustments to earnings during the fiscal year. Medtronic does not attempt to provide reconciliations of forward-looking non-GAAP EPS guidance to projected GAAP EPS guidance because the combined impact and timing of recognition of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without unreasonable efforts. In addition, the company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a substantial impact on GAAP measures of financial performance.

FINANCIAL COMPARISONS
References to quarterly or annual figures increasing, decreasing, or remaining flat are in comparison to fiscal year 2025, and references to sequential changes are in comparison to the prior fiscal quarter. Unless stated otherwise, quarterly and annual rates and ranges are given on an organic basis. References to organic revenue growth exclude the impact of foreign currency, fourth quarter and full year revenue in the current and prior year reported as “Other”, as well as significant acquisitions, divestitures, or other significant discrete items. Unless stated otherwise, all references to share gains or losses are as of the most recently completed calendar quarter, on a revenue basis, and in comparison, to the same period in the prior year.

TRANSACTION DETAILS
The separation of our Diabetes business is expected to occur through a series of capital markets transactions, which may include a spin-off, split-off, offering, or combination thereof. While an offering and split-off is the company’s current preferred separation structure, a final decision has not been reached at this time.

Contacts:
Justin Paquette
Public Relations
+1-612-271-7935

Ingrid Goldberg
Investor Relations
+1-763-505-2696

____________________________________

1

The Diabetes results presented here may not correspond to the same financial statement information presented by MiniMed Group, Inc. (MiniMed) due to MiniMed’s financials being prepared on a carve out basis through the date of the company’s initial public offering (IPO) and on a standalone basis post IPO. 

 

MEDTRONIC PLC

WORLD WIDE REVENUE(1)

(Unaudited)

FOURTH QUARTER

FISCAL YEAR

REPORTED

ORGANIC

REPORTED

ORGANIC

(in millions)

FY26

FY25

Growth

Currency
Impact(5)

FY26(6)

FY25(6)

Growth

FY26

FY25

Growth

Currency
Impact(5)

FY26(7)

FY25(7)

Growth

Cardiovascular

$    3,797

$    3,336

13.8 %

$       124

$    3,673

$    3,336

10.1 %

$   13,976

$   12,481

12.0 %

$       337

$   13,639

$   12,481

9.3 %

Cardiac Rhythm & Heart Failure

2,110

1,733

21.8

62

2,048

1,733

18.2

7,504

6,392

17.4

169

7,335

6,392

14.8

Structural Heart & Aortic

1,002

944

6.2

40

963

944

2.0

3,817

3,554

7.4

111

3,706

3,554

4.3

Coronary & Peripheral Vascular

685

659

4.0

22

663

659

0.6

2,656

2,535

4.8

57

2,598

2,535

2.5

Neuroscience

2,751

2,620

5.0

52

2,699

2,620

3.0

10,287

9,846

4.5

133

10,154

9,846

3.1

Cranial & Spinal Technologies

1,403

1,342

4.6

18

1,385

1,342

3.3

5,222

4,973

5.0

49

5,173

4,973

4.0

Specialty Therapies

806

759

6.2

21

785

759

3.4

2,997

2,940

1.9

49

2,948

2,940

0.3

Neuromodulation

542

520

4.3

13

528

520

1.7

2,068

1,932

7.0

36

2,033

1,932

5.2

Medical Surgical

2,388

2,212

8.0

81

2,306

2,195

5.1

8,815

8,407

4.9

210

8,601

8,359

2.9

Surgical & Endoscopy

1,820

1,709

6.5

69

1,750

1,692

3.5

6,764

6,498

4.1

176

6,585

6,450

2.1

Acute Care & Monitoring

568

503

12.9

12

556

503

10.5

2,051

1,909

7.4

34

2,017

1,909

5.6

Total Reportable Segments

8,936

8,168

9.4

258

8,678

8,151

6.5

33,079

30,734

7.6

680

32,394

30,686

5.6

Diabetes(2)

837

728

15.0

50

787

728

8.1

3,112

2,755

12.9

140

2,972

2,755

7.9

Other(3)

34

31

10.0

174

48

NM(4)

4

TOTAL

$    9,807

$    8,927

9.9 %

$       308

$    9,466

$    8,879

6.6 %

$   36,364

$   33,537

8.4 %

$       824

$   35,366

$   33,441

5.8 %

(1)

The data in this schedule has been intentionally rounded to the nearest million and, therefore, may not sum. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

(2)

The Diabetes results presented here may not correspond to the same financial statement information presented by MiniMed Group, Inc. (MiniMed). The Diabetes Business as reported by Medtronic is prepared on a different basis than standalone Medtronic due to MiniMed’s financials being prepared on a carve out basis through the date of the company’s initial public offering (IPO) and on a standalone basis post IPO.

(3)

Includes the historical operations and ongoing transition agreements from businesses the Company has exited or divested, and for the year-to-date figures, adjustments to the Company’s Italian payback accruals resulting from the two July 22, 2024 rulings by the Constitutional Court and the Legislative Decree published by the Italian government on June 30, 2025 for certain prior years since 2015.

(4)

Not meaningful (NM)

(5)

The currency impact to revenue measures the change in revenue between current and prior year periods using constant exchange rates.

(6)

The three months ended April 24, 2026 excludes $342 million of revenue adjustments related to $34 million of inorganic revenue for the transition activity noted in (2) and $308 million of favorable currency impact on the remaining net sales. The three months ended April 25, 2025 excludes $48 million of revenue adjustments related to $31 million of inorganic revenue for the transition activity noted in (2) and $17 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division.

(7)

The twelve months ended April 24, 2026 excludes $998 million of revenue adjustments, including $39 million reduction in the Italian payback accruals due to changes in estimates further described in note (2), $135 million of inorganic revenue for the transition activity noted in (2), $5 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division, and $819 million of favorable currency impact on the remaining net sales. The twelve months ended April 25, 2025 excludes $96 million of revenue adjustments related to $90 million of incremental Italian payback accruals further described in note (2), $137 million of inorganic revenue for the transition activity noted in (2), and $48 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division.

MEDTRONIC PLC

U.S. REVENUE(1)(2)

(Unaudited)

FOURTH QUARTER

FISCAL YEAR

REPORTED

ORGANIC

REPORTED

ORGANIC

(in millions)

FY26

FY25

Growth

FY26

FY25

Growth

FY26

FY25

Growth

FY26

FY25

Growth

Cardiovascular

$    1,775

$    1,563

13.6 %

$    1,775

$    1,563

13.6 %

$     6,435

$     5,804

10.9 %

$     6,435

$     5,804

10.9 %

Cardiac Rhythm & Heart Failure

1,105

875

26.3

1,105

875

26.3

3,812

3,184

19.7

3,812

3,184

19.7

Structural Heart & Aortic

387

404

(4.0)

387

404

(4.0)

1,515

1,532

(1.1)

1,515

1,532

(1.1)

Coronary & Peripheral Vascular

282

284

(0.6)

282

284

(0.6)

1,107

1,088

1.7

1,107

1,088

1.7

Neuroscience

1,812

1,782

1.7

1,812

1,782

1.7

6,875

6,713

2.4

6,875

6,713

2.4

Cranial & Spinal Technologies

1,031

999

3.2

1,031

999

3.2

3,864

3,723

3.8

3,864

3,723

3.8

Specialty Therapies

431

431

431

431

1,635

1,666

(1.9)

1,635

1,666

(1.9)

Neuromodulation

350

352

(0.6)

350

352

(0.6)

1,376

1,324

3.9

1,376

1,324

3.9

Medical Surgical

1,021

946

8.0

1,021

946

8.0

3,778

3,664

3.1

3,778

3,664

3.1

Surgical & Endoscopy

694

668

3.9

694

668

3.9

2,614

2,595

0.7

2,614

2,595

0.7

Acute Care & Monitoring

328

278

17.9

328

278

17.9

1,164

1,068

9.0

1,164

1,068

9.0

Total Reportable Segments

4,609

4,291

7.4

4,609

4,291

7.4

17,088

16,181

5.6

17,088

16,181

5.6

Diabetes(3)

239

240

(0.2)

239

240

(0.2)

934

923

1.2

934

923

1.2

Other(4)

21

17

27.6

81

68

19.4

TOTAL

$    4,869

$    4,547

7.1 %

$    4,848

$    4,530

7.0 %

$   18,103

$   17,171

5.4 %

$   18,022

$   17,104

5.4 %

(1)

U.S. includes the United States and U.S. territories.

(2)

The data in this schedule has been intentionally rounded to the nearest million and, therefore, may not sum. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

(3)

The Diabetes results presented here may not correspond to the same financial statement information presented by MiniMed Group, Inc. (MiniMed). The Diabetes Business as reported by Medtronic is prepared on a different basis than standalone Medtronic due to MiniMed’s financials being prepared on a carve out basis through the date of the company’s initial public offering (IPO) and on a standalone basis post IPO.

(4)

Includes the historical operations and ongoing transition agreements from businesses the Company has exited or divested.

MEDTRONIC PLC

INTERNATIONAL REVENUE(1)

(Unaudited)

FOURTH QUARTER

FISCAL YEAR

REPORTED

ORGANIC

REPORTED

ORGANIC

(in millions)

FY26

FY25

Growth

Currency
Impact(5)

FY26(6)

FY25(6)

Growth

FY26

FY25

Growth

Currency
Impact(5)

FY26(7)

FY25(7)

Growth

Cardiovascular

$     2,023

$     1,773

14.1 %

$        124

$     1,898

$     1,773

7.1 %

$     7,541

$     6,677

12.9 %

$        337

$     7,204

$     6,677

7.9 %

Cardiac Rhythm & Heart Failure

1,005

858

17.1

62

943

858

9.9

3,691

3,208

15.1

169

3,522

3,208

9.8

Structural Heart & Aortic

615

541

13.8

40

575

541

6.4

2,301

2,022

13.8

111

2,190

2,022

8.3

Coronary & Peripheral Vascular

403

375

7.5

22

380

375

1.6

1,549

1,447

7.0

57

1,491

1,447

3.1

Neuroscience

938

838

12.0

52

886

838

5.8

3,412

3,133

8.9

133

3,279

3,133

4.7

Cranial & Spinal Technologies

372

343

8.6

18

354

343

3.3

1,358

1,250

8.6

49

1,309

1,250

4.7

Specialty Therapies

374

328

14.3

21

354

328

8.0

1,362

1,274

6.9

49

1,313

1,274

3.1

Neuromodulation

191

167

14.5

13

178

167

6.5

692

608

13.8

36

656

608

7.9

Medical Surgical

1,366

1,266

7.9

81

1,285

1,249

2.9

5,037

4,744

6.2

210

4,823

4,695

2.7

Surgical & Endoscopy

1,126

1,041

8.2

69

1,057

1,024

3.2

4,151

3,903

6.3

176

3,971

3,855

3.0

Acute Care & Monitoring

240

225

6.8

12

228

225

1.4

887

841

5.5

34

853

841

1.4

Total Reportable Segments

4,327

3,877

11.6

258

4,069

3,860

5.4

15,991

14,553

9.9

680

15,306

14,505

5.5

Diabetes(2)

598

489

22.4

50

548

489

12.2

2,178

1,832

18.9

140

2,038

1,832

11.2

Other(3)

13

14

(10.4)

93

(20)

NM(4)

4

TOTAL

$     4,938

$     4,380

12.8 %

$        308

$     4,618

$     4,348

6.2 %

$   18,261

$   16,365

11.6 %

$        824

$   17,344

$   16,337

6.2 %

(1)

The data in this schedule has been intentionally rounded to the nearest million and, therefore, may not sum. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

(2)

The Diabetes results presented here may not correspond to the same financial statement information presented by MiniMed Group, Inc. (MiniMed). The Diabetes Business as reported by Medtronic is prepared on a different basis than standalone Medtronic due to MiniMed’s financials being prepared on a carve out basis through the date of the company’s initial public offering (IPO) and on a standalone basis post IPO.

(3)

Includes the historical operations and ongoing transition agreements from businesses the Company has exited and divested and for the year-to-date figures, adjustments to the Company’s Italian payback accruals resulting from the two July 22, 2024 rulings by the Constitutional Court and the Legislative Decree published by the Italian government on June 30, 2025 for certain prior years since 2015.

(4)

Not meaningful (NM)

(5)

The currency impact to revenue measures the change in revenue between current and prior year periods using constant exchange rates.

(6)

The three months ended April 24, 2026 excludes $321 million of revenue adjustments, including $13 million of inorganic revenue for the transition activity noted in (2) and $308 million of favorable currency impact on the remaining net sales. The three months ended April 25, 2025 excludes $31 million of revenue adjustments related to $14 million of inorganic revenue for the transition activity noted in (2) and $17 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division.

(7)

The twelve months ended April 24, 2026 excludes $917 million of revenue adjustments, including $39 million reduction in the Italian payback accruals due to changes in estimates further described in note (2), $54 million of inorganic revenue for the transition activity noted in (2), $5 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division, and $819 million of favorable currency impact on the remaining net sales. The twelve months ended April 25, 2025 excludes $28 million of revenue adjustments related to $90 million of incremental Italian payback accruals further described in note (2), $70 million of inorganic revenue for the transition activity noted in (2), and $48 million of inorganic revenue related to a sale of business in the Surgical and Endoscopy division.

MEDTRONIC PLC

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited) 

Three months ended

Fiscal year ended

(in millions, except per share data)

April 24, 2026

April 25, 2025

April 24, 2026

April 25, 2025

Net sales

$               9,807

$               8,927

$             36,364

$             33,537

Costs and expenses:

Cost of products sold, excluding amortization of intangible assets

3,398

3,147

12,721

11,632

Research and development expense

671

684

2,873

2,732

Selling, general, and administrative expense

3,056

2,721

11,784

10,849

Amortization of intangible assets

409

564

1,772

1,807

Restructuring charges, net

118

147

249

267

Certain litigation charges, net

23

214

113

317

Other operating expense (income), net

260

15

386

(23)

Operating profit

1,873

1,436

6,467

5,955

Other non-operating expense (income), net

(138)

1

(384)

(402)

Interest expense, net

176

174

715

729

Income before income taxes

1,834

1,261

6,136

5,628

Income tax provision

575

199

1,299

936

Net income

1,259

1,061

4,837

4,691

Net income attributable to noncontrolling interests

(16)

(5)

(37)

(29)

Net income attributable to Medtronic

$               1,243

$               1,057

$               4,801

$               4,662

Basic earnings per share

$                 0.97

$                 0.82

$                 3.75

$                 3.63

Diluted earnings per share

$                 0.96

$                 0.82

$                 3.73

$                 3.61

Basic weighted average shares outstanding

1,281.5

1,282.3

1,281.8

1,285.6

Diluted weighted average shares outstanding

1,288.2

1,287.7

1,288.1

1,289.9

The data in the schedule above has been intentionally rounded to the nearest million, and therefore, the quarterly amounts may not sum to the fiscal year-to-date amounts.

MEDTRONIC PLC

GAAP TO NON-GAAP RECONCILIATIONS(1)

(Unaudited) 

Three months ended April 24, 2026

(in millions, except per share data)

Net
Sales

Cost of
Products
Sold

Gross
Margin
Percent

Operating
Profit

Operating
Profit
Percent

Income
Before
Income
Taxes

Net Income
attributable
to
Medtronic

Diluted
EPS

Effective
Tax Rate

GAAP

$  9,807

$   3,398

65.4 %

$     1,873

19.1 %

$    1,834

$       1,243

$     0.96

31.3 %

Non-GAAP adjustments:

Amortization of intangible assets

409

4.2

409

334

0.26

18.3

Restructuring and associated costs(2)

118

1.2

118

88

0.07

26.0

Acquisition and divestiture-related items(3)

(5)

0.1

77

0.8

77

64

0.05

17.7

Certain litigation charges, net

23

0.2

23

17

0.01

27.3

(Gain)/loss on minority investments(4)

(15)

(7)

(0.01)

50.0

Certain tax adjustments, net(5)

259

0.20

Non-GAAP

$  9,807

$   3,392

65.4 %

$     2,500

25.5 %

$    2,447

$       1,998

$     1.55

17.7 %

Currency impact

(308)

(28)

(0.8)

(91)

(0.1)

(0.05)

Currency Adjusted

$  9,499

$   3,364

64.6 %

$     2,409

25.4 %

$     1.50

Three months ended April 25, 2025

(in millions, except per share data)

Net
Sales

Cost of
Products
Sold

Gross
Margin
Percent

Operating
Profit

Operating
Profit
Percent

Income
Before
Income
Taxes

Net Income
attributable
to
Medtronic

Diluted
EPS

Effective
Tax Rate

GAAP

$  8,927

$   3,147

64.7 %

$     1,436

16.1 %

$    1,261

$       1,057

$     0.82

15.8 %

Non-GAAP adjustments:

Amortization of intangible assets(6)

564

6.3

564

455

0.35

19.3

Restructuring and associated costs(2)

(2)

149

1.7

149

114

0.09

23.5

Acquisition and divestiture-related items(3)

(21)

0.2

109

1.2

109

97

0.08

11.0

Certain litigation charges, net

214

2.4

214

163

0.13

23.4

(Gain)/loss on minority investments(4)

172

170

0.13

0.6

Medical device regulations(7)

(10)

0.1

14

0.2

14

12

0.01

21.4

Certain tax adjustments, net

13

0.01

Non-GAAP

$  8,927

$   3,113

65.1 %

$     2,486

27.8 %

$    2,483

$       2,080

$     1.62

16.0 %

See description of non-GAAP financial measures contained in the press release dated June 3, 2026.

(1)

The data in this schedule has been intentionally rounded to the nearest million or $0.01 for EPS figures, and, therefore, may not sum.

(2)

The charges primarily relate to employee termination benefits, facility related and contract termination costs, and asset write offs.

(3)

The charges primarily include business combination costs, changes in fair value of contingent consideration, and exit of business-related charges. Exit of business-related charges primarily relate to the impending separation of the Diabetes Business, and for the three months ended April 24, 2026, costs associated with the Company’s June 2021 decision to stop the distribution and sale of the Medtronic HVAD System.

(4)

We exclude unrealized and realized gains and losses on our minority investments as we do not believe that these components of income or expense have a direct correlation to our ongoing or future business operations.

(5)

The net charges primarily relates to the impact of an intercompany sale of intellectual property, the net tax charge as a result of the separation of the Diabetes Business, and amortization of previously established deferred tax assets arising from intercompany intellectual property transactions.

(6)

The Company recognized $151 million of accelerated amortization on certain intangible assets within the Cardiovascular Portfolio.

(7)

The charges represent incremental costs of complying with the new European Union (E.U.) medical device regulations for previously registered products and primarily include charges for contractors supporting the project and other direct third-party expenses. We consider these costs to be duplicative of previously incurred costs and/or one-time costs.

MEDTRONIC PLC

GAAP TO NON-GAAP RECONCILIATIONS(1)

(Unaudited) 

Fiscal year ended April 24, 2026

(in millions, except per share data)

Net
Sales

Cost of
Products
Sold

Gross
Margin
Percent

Operating
Profit

Operating
Profit
Percent

Income
Before
Income
Taxes

Net Income
attributable
to Medtronic

Diluted
EPS

Effective
Tax Rate

GAAP

$  36,364

$  12,721

65.0 %

$     6,467

17.8 %

$    6,136

$         4,801

$     3.73

21.2 %

Non-GAAP adjustments:

Amortization of intangible assets(2)

1,772

4.9

1,772

1,444

1.12

18.6

Restructuring and associated costs(3)

(106)

0.3

370

1.0

370

290

0.23

21.6

Acquisition and divestiture-related items(4)

(27)

173

0.5

173

137

0.11

21.4

Certain litigation charges, net

113

0.3

113

89

0.07

20.4

(Gain)/loss on minority investments(5)

131

130

0.10

Other(6)

(39)

(39)

(0.1)

(39)

(30)

(0.02)

20.5

Certain tax adjustments, net(7)

260

0.20

Non-GAAP

$  36,325

$  12,589

65.3 %

$     8,856

24.4 %

$    8,656

$         7,120

$     5.53

17.3 %

Currency impact

(821)

(76)

(0.6)

(262)

(0.2)

(0.15)

Currency Adjusted

$  35,504

$  12,512

64.8 %

$     8,594

24.2 %

$     5.38

Fiscal year ended April 25, 2025

(in millions, except per share data)

Net
Sales

Cost of
Products
Sold

Gross
Margin
Percent

Operating
Profit

Operating
Profit
Percent

Income
Before
Income
Taxes

Net Income
attributable
to Medtronic

Diluted
EPS

Effective
Tax Rate

GAAP

$  33,537

$  11,632

65.3 %

$     5,955

17.8 %

$    5,628

$         4,662

$     3.61

16.6 %

Non-GAAP adjustments:

Amortization of intangible assets(2)

1,807

5.3

1,807

1,471

1.14

18.5

Restructuring and associated costs(3)

(26)

0.1

303

0.9

303

238

0.18

21.5

Acquisition and divestiture-related items(4)

(38)

0.1

124

0.4

124

101

0.08

18.5

Certain litigation charges, net

317

0.9

317

249

0.19

21.5

(Gain)/loss on minority investments(5)

213

185

0.14

12.2

Medical device regulations(8)

(38)

0.1

52

0.2

52

42

0.03

19.2

Other(6)

90

0.2

90

0.3

90

70

0.05

22.2

Certain tax adjustments, net(7)

62

0.05

Non-GAAP

$  33,627

$  11,530

65.7 %

$     8,648

25.7 %

$    8,533

$         7,079

$     5.49

16.7 %

See description of non-GAAP financial measures contained in the press release dated June 3, 2026.

(1)

The data in this schedule has been intentionally rounded to the nearest million or $0.01 for EPS figures, and, therefore, may not sum.

(2)

The Company recognized $121 million and $151 million of accelerated amortization on certain intangible assets within the Cardiovascular Portfolio for the fiscal year ended April 24, 2026 and April 25, 2025, respectively.

(3)

The charges primarily relate to employee termination benefits, facility related and contract termination costs, and asset write offs.

(4)

The charges primarily include business combination costs, changes in fair value of contingent consideration, exit of business-related charges, and gains related to certain business or asset sales. Exit of business-related charges primarily relate to the impending separation of the Diabetes Business and costs associated with the Company’s June 2021 decision to stop the distribution and sale of the Medtronic HVAD System.

(5)

We exclude unrealized and realized gains and losses on our minority investments as we do not believe that these components of income or expense have a direct correlation to our ongoing or future business operations.

(6)

Reflects adjustments to the Company’s Italian payback accruals resulting from the two July 22, 2024 rulings by the Constitutional Court and the Legislative Decree published by the Italian government on June 30, 2025 for certain prior years since 2015.

(7)

The net charges for the fiscal year ended April 24, 2026 primarily relates to the impact of an intercompany sale of intellectual property, the net tax charge as a result of the separation of the Diabetes Business, and amortization of previously established deferred tax assets arising from intercompany intellectual property transactions, which were partially offset by a tax benefit recognized due to a change in estimate of accrued interest on uncertain tax positions. The charges for the fiscal year ended April 25, 2025 primarily includes amortization of previously established deferred tax assets from intercompany intellectual property transactions.

(8)

The charges represent incremental costs of complying with the new European Union (E.U.) medical device regulations for previously registered products and primarily include charges for contractors supporting the project and other direct third-party expenses. We consider these costs to be duplicative of previously incurred costs and/or one-time costs.

MEDTRONIC PLC

GAAP TO NON-GAAP RECONCILIATIONS(1)

(Unaudited) 

Three months ended April 24, 2026

(in millions)

Net Sales

SG&A
Expense

SG&A
Expense as
a % of Net
Sales

R&D
Expense

R&D
Expense
as a % of
Net Sales

Other
Operating
Expense
(Income),
net

Other
Operating
Exp./(Inc.),
net as a % of
Net Sales

Other Non-
Operating
Expense
(Income), net

GAAP

$      9,807

$     3,056

31.2 %

$       671

6.8 %

$         260

2.7 %

$          (138)

Non-GAAP adjustments:

Acquisition and divestiture-related items(2)

(67)

(0.7)

(1)

(3)

(Gain)/loss on minority investments(3)

15

Non-GAAP

$      9,807

$     2,989

30.5 %

$       670

6.8 %

$         257

2.6 %

$          (123)

Fiscal year ended April 24, 2026

(in millions)

Net Sales

SG&A
Expense

SG&A
Expense as
a % of Net
Sales

R&D
Expense

R&D
Expense
as a % of
Net Sales

Other
Operating
Expense
(Income),
net

Other
Operating
Exp./(Inc.),
net as a % of
Net Sales

Other Non-
Operating
Expense
(Income), net

GAAP

$    36,364

$   11,784

32.4 %

$    2,873

7.9 %

$         386

1.1 %

$          (384)

Non-GAAP adjustments:

Restructuring and associated costs(4)

(15)

Acquisition and divestiture-related items(2)

(164)

(0.5)

(1)

18

Other(5)

(39)

(Gain)/loss on minority investments(3)

(131)

Non-GAAP

$    36,325

$   11,605

31.9 %

$    2,872

7.9 %

$         404

1.1 %

$          (515)

See description of non-GAAP financial measures contained in the press release dated June 3, 2026.

(1)

The data in this schedule has been intentionally rounded to the nearest million, and, therefore, may not sum.

(2)

The charges primarily include business combination costs, changes in fair value of contingent consideration, exit of business-related charges, and for the fiscal year ended April 24, 2026, gains related to certain business or asset sales. Exit of business-related charges primarily relate to the impending separation of the Diabetes Business and costs associated with the Company’s June 2021 decision to stop the distribution and sale of the Medtronic HVAD System.

(3)

We exclude unrealized and realized gains and losses on our minority investments as we do not believe that these components of income or expense have a direct correlation to our ongoing or future business operations.

(4)

The charges primarily relate to employee termination benefits, facility related and contract termination costs, and asset write offs.

(5)

Reflects adjustments to the Company’s Italian payback accruals resulting from the two July 22, 2024 rulings by the Constitutional Court and the Legislative Decree published by the Italian government on June 30, 2025 for certain prior years since 2015.

MEDTRONIC PLC

GAAP TO NON-GAAP RECONCILIATIONS(1)

(Unaudited)

Fiscal Year

(in millions)

2026

2025

2024

Net cash provided by operating activities

$                      7,330

$                      7,044

$                      6,787

Additions to property, plant, and equipment

(1,904)

(1,859)

(1,587)

Free Cash Flow(2)

$                      5,426

$                      5,185

$                      5,200

See description of non-GAAP financial measures contained in the press release dated June 3, 2026.

(1)

The data in this schedule has been intentionally rounded to the nearest million, and therefore, may not sum.

(2)

Free cash flow represents operating cash flows less property, plant, and equipment additions.

MEDTRONIC PLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Fiscal Year

(in millions)

2026

2025

2024

Operating Activities:

Net income

$           4,837

$           4,691

$           3,705

Adjustments to reconcile net income to net cash provided by operating activities:

  Depreciation and amortization

2,958

2,861

2,647

  Provision for credit losses

136

123

90

  Deferred income taxes

51

(316)

(508)

  Stock-based compensation

457

429

393

  Asset impairments and related inventory write-downs

371

  Other, net

314

310

573

  Change in operating assets and liabilities, net of acquisitions and divestitures:

Accounts receivable, net

(200)

(433)

(391)

Inventories

(404)

(292)

(139)

Accounts payable and accrued liabilities

46

209

391

Other operating assets and liabilities

(865)

(538)

(345)

Net cash provided by operating activities

7,330

7,044

6,787

Investing Activities:

Acquisitions, net of cash acquired

(406)

(98)

(211)

Additions to property, plant, and equipment

(1,904)

(1,859)

(1,587)

Purchases of investments

(8,725)

(8,226)

(7,748)

Sales and maturities of investments

8,105

8,495

7,441

Other investing activities, net

(4)

(249)

(261)

Net cash used in investing activities

(2,934)

(1,937)

(2,366)

Financing Activities:

Change in current debt obligations, net

9

(1,070)

1,073

Issuance of long-term debt

1,747

3,209

Payments on long-term debt

(2,930)

Dividends to shareholders

(3,639)

(3,589)

(3,666)

Issuance of ordinary shares

516

508

284

Repurchase of ordinary shares

(1,035)

(3,235)

(2,138)

Proceeds from MiniMed initial public offering

538

Other financing activities, net

44

(184)

(3)

Net cash used in financing activities

(4,751)

(4,361)

(4,450)

Effect of exchange rate changes on cash and cash equivalents

85

188

(230)

Net change in cash and cash equivalents

(269)

934

(259)

Cash and cash equivalents at beginning of period

2,218

1,284

1,543

Cash and cash equivalents at end of period

$           1,949

$           2,218

$           1,284

Supplemental Cash Flow Information

Cash paid for:

Income taxes

$           1,942

$           1,819

$           1,622

Interest

774

762

826

The data in this schedule has been intentionally rounded to the nearest million, and, therefore, may not sum.

 

Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years
Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years

 

Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years
Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years

 

Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years
Medtronic reports fourth quarter and full year fiscal 2026 results; delivers highest annual revenue growth in 10 years

 

 

CKGSB Opens Applications for Asia Start Program in November 2026 after a Successful May Edition

BEIJING, June 3, 2026 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully completes its May edition of the Asia Start Program. The May cohort brought together a diverse group of 25 senior executives from 19 countries across Europe, Australia, Asia, and the Americas, representing industries ranging from technology and healthcare to consumer goods.

CKGSB opens applications for Asia Start program in November 2026 after a successful May edition
CKGSB opens applications for Asia Start program in November 2026 after a successful May edition

With a focus on AI and digital transformation, the program combines practical visits to companies like Tencent, BYD and Unitree, with insights from faculty doing cutting-edge research on the ground in China. Participants gained a unique access to the real tech-driven business world of Shanghai, Hangzhou and Shenzhen dominated by emerging and mature tech-minded companies.

This approach enables participants to learn about China’s AI strategies up close and get inspired to refine their own business models and growth strategies that translate into results for their own markets.

“The May cohort exceeded our expectations,” said Bo Ji, Program Director of Asia Start. “The energy, creativity, and determination these leaders brought to the program is truly inspiring. We are proud to equip them with the tools and confidence to scale their ventures and make a meaningful impact in their communities.”

Participants highlighted the program’s blend of academic rigor and practical application. “I think it was an excellent program to really see the inside workings and the mindset of these companies,” shared Andrea Napolitano, program participant from Brazil and Board Member and Founder of BP- Hospital and Beneficência Portuguesa.

Some participants expressed how the program helped them think differently about AI. “The lectures were pivotal in changing my stereotypical view of how China is thinking about AI and help us reframe with an inside-out perspective from the lecturers,” noted Katja Forbes, program participant from Australia and Founder of CX Evolutionist.

As part of CKGSB’s ongoing commitment to fostering future-ready leadership, the Asia Start program continues to serve as a dynamic platform for a first-hand look at the AI revolution and digital transformation coming from China.

Applications for the next cohort of the Asia Start program are now open. Join this exclusive journey for the latest AI trends in Beijing, Shanghai and Hangzhou this November 25, with an optional extended trip to Shenzhen on November 67. To learn more, visit Asia Start’s page today.