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Cochlear Limited (ASX:COH)

ALERT: Price-sensitive ASX Announcement for COH
Current share price for COH : $128.390 -2.86 (-2.18%)+
Announcement
Release
18 Aug 2026 7:50AM
Price at Release
$131.250
Full Release
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Summary
Cochlear Limited reported a 2% increase in constant currency sales revenue for FY26, achieving $2.3 billion, alongside an underlying net profit of $322 million, aligning with revised guidance. The company advanced strategic priorities, including the launch of the Nucleus® Nexa System and increased R&D investment. While developed market revenue rose by 1%, emerging markets faced a 2% decline. Services revenue saw a 6% increase, primarily driven by developed markets. Operating expenses rose by 5%, with notable R&D investments. Looking forward, Cochlear aims to expand access in emerging markets and anticipates modest revenue growth in FY27, targeting a net profit of $330-350 million.
Key Points
  • Cochlear Limited achieved a 2% increase in constant currency sales revenue for FY26, reaching $2.3 billion.
  • The company reported an underlying net profit of $322 million, meeting the upper end of revised guidance.
  • Strategic priorities include the launch of the Cochlear Nucleus® Nexa System and increased investment in R&D.
  • FY26 saw a sales revenue growth of 6% in the second half, with a significant uptake of the Nucleus Nexa platform.
  • Developed market revenue increased by 1% in constant currency, while emerging markets saw a decline of 2%.
  • Services revenue grew by 6% in constant currency, with developed markets showing a 13% increase.
  • The operating expenditure increased by 5% year-on-year, with a significant investment of 14% of sales revenue in R&D.
  • Cochlear is focusing on strengthening referral pathways and expanding access to hearing solutions in emerging markets.
  • The company aims to maintain high standards of product quality, safety, and sustainability in its supply chain.
  • Cochlear expects low single-digit sales revenue growth and a net profit between $330-350 million in FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.