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Medtronic statement on unauthorized system access

Key Takeaway: Medtronic announced that an unauthorized party gained access to data in some of its corporate IT systems. The company has confirmed that there is no identified impact on its products, patient safety, or operational capabilities. Following the breach, Medtronic activated incident response protocols and engaged cybersecurity experts to investigate and remediate the situation. While they have not detected a material impact on business operations, they are actively working to identify any accessed personal information.
Price reaction · baseline $83.79 (2026-04-23 close) · hit after-hours · 3 other MDT headline(s) in the window, move may be shared
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POSITIVE FACTORS

  • No impact identified on products or patient safety.
  • Maintenance of separate networks enhances security.
  • Proactive response with cybersecurity experts engaged.

CONCERNS & RISKS

  • Unauthorized access to data raises privacy concerns.
  • Potential risks to personal information access.

Full Press Release Details

EX-99.1 2 exhibit991-statementdateda.htm EX-99.1 Document Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Medtronic statement on unauthorized system access April 24, 2026 Medtronic has determined that an unauthorized party accessed data in certain Medtronic corporate IT systems. We have not identified any impact to our products, patient safety, connections to our customers, our manufacturing and distribution operations, our financial reporting systems or our ability to meet patient needs. The networks that support our corporate IT systems, our products and our manufacturing and distribution operations are separate. Hospital customer networks remain separate from Medtronic IT networks and are secured and managed by customers' IT teams. What We're Doing Upon identifying this unauthorized access, we immediately took steps to contain the incident, activated our incident response protocols and engaged leading cybersecurity experts to support our investigation and remediation actions. We are working to identify any personal information that may have been accessed and will provide notifications and support services as needed. We will continue to provide updates to any impacted individuals as we learn more. Our Commitment to our Patients, Customers and Employees Protecting patients and the trust placed in Medtronic is our highest priority. The privacy and security of all data with which we are entrusted is a vital part of that. As we resolve any impact of this unauthorized access to data in our systems, we are simultaneously identifying additional ways to further optimize our system security. We currently do not expect a material impact on our business or financial results.

Frequently Asked Questions

What happened with Medtronic's IT systems?

Medtronic discovered unauthorized access to certain corporate IT systems.

Is patient safety affected by the data breach?

No, there is no identified impact on patient safety or products.

How is Medtronic responding to the incident?

Medtronic activated incident response protocols and engaged cybersecurity experts.

Will affected individuals receive notifications?

Yes, Medtronic will notify and support any impacted individuals as needed.

Is Medtronic's business at risk from this breach?

Currently, no material impact on business or financial results is expected.

Last updated: Apr 24, 2026