NASDAQ$MMED

MiniMed Group, Inc · Q3 2025 earnings

Q3 2025 earnings ·

Briefing

MiniMed Group reported fiscal Q3 2025 net sales of $790M and a net loss attributable to the company of $119M.

For the three months ended January 23, 2026 (fiscal Q3 2025), net sales were $790 million (+15% YoY) with a net loss attributable to the company of $119 million versus $10 million a year ago. The diabetes technology carve-out from Medtronic completed its March 2026 IPO at $20 per share.

  • Net sales $790M (+15% YoY).
  • Net loss to company $(119)M.
  • IPO completed March 2026.
  • Pumps and CGM categories drive mix.

Headline financials

Total Revenue

$790M

No prior period
EPS (adj)

-$0.47

No prior period
Capital Expenditures

-$167M

No prior period
Free Cash Flow

-$194M

No prior period
Net Income

-$119M

No prior period
Operating Income

-$100M

No prior period
Gross Profit

$362M

No prior period

Revenue & EPS history

MiniMed Group, Inc · Revenue · Quarterly

$790M

Q3 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

MiniMed Group, Inc · $837M total across 4 segments · Q4 2026

  • CGM
    $420M
  • Consumables
    $249M
  • Pumps
    $146M
  • Other
    $22M

Forward guidance

Post-IPO outlook focuses on CGM/pump adoption, Blackstone royalty arrangements, and Italian payback accruals.

Tailwinds

  • Strong top-line growth pre-IPO.
  • Large addressable diabetes device market.

Headwinds

  • GAAP losses and litigation charges.
  • Separation and stand-up costs from Medtronic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

+8.8%

Avg return

Earnings day

+7.1%

Avg return

5 days after

-23.0%

Avg return

30 days after

100%

2 / 2 earnings

Positive

+14.5%

Q4 2026

Best reaction

+3.0%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+14.5%+20.2%
Q3 2025+3.0%-5.9%-23.0%

Discussion

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