Cochlear Ltd

COH: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cochlear Earnings: Shares Are Overvalued as Demand for Upgrades Softens

Shane Ponraj

Aug 15, 2025

Cochlear's fiscal 2025 underlying net profit after tax grew just 1% to AUD 392 million, with revenue up 3% and margins contracting due to a sales mix shift to lower-margin emerging markets. Fiscal 2026 underlying NPAT guidance implies 8% growth at the midpoint.

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Cochlear Ltd

Cochlear Earnings: Shares Are Overvalued as Demand for Upgrades Softens

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