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Medtronic FOR IMMEDIATE RELEASE ■ Contacts : Erika Winkels Public Relations + 1-763-526-8478 NEWS RELEASE Ryan Weispfenning Investor Relations + 1-763-505-4626 MEDTRONIC REPORTS THIRD QUARTER FISCAL 2021 FINANCIAL RESULTS Q3 Revenue of $ 7.8 Billion Increased 0.8 % as Reported and Decreased 1.0 % Organically Q3 GAAP Diluted EPS of $ 0.94 ; Q3 Non - GAAP Diluted EPS of $ 1.29 DUBLIN - Feb. 23 , 2021 - Medtronic plc ( NYSE : MDT ) today announced financial results for its third quarter of fiscal year 2021 , which ended January 29 , 2021 . The company reported third quarter worldwide revenue of $ 7.775 billion , an increase of 0.8 percent as reported and a decrease of 1.0 percent on an organic basis , which adjusts for the $ 136 million benefit of foreign currency translation . Unless otherwise stated , all revenue growth rates in this press release are stated on an organic basis , which adjusts for the impact of foreign currency translation . There were no acquisitions made in the last year that had a significant impact on the company's or any individual segment's third quarter revenue growth . As reported , third quarter GAAP net income and diluted earnings per share ( EPS ) were $ 1.270 billion and $ 0.94 , respectively . As detailed in the financial schedules included through the link at the end of this release , third quarter non - GAAP net income and non GAAP diluted EPS were $ 1.753 billion and $ 1.29 , respectively , both decreases of 10 percent . Adjusting for the negative 6 cent impact from foreign currency , third quarter non GAAP diluted EPS decreased 6 percent .