Sonova Holding AG

SOON: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sonova Earnings: In Line, and Hearing Instruments Accelerating; Shares Undervalued

Max Jousma

May 18, 2026

Sonova reported 5.9% constant-currency sales growth in fiscal year 2025/26, with Swiss franc depreciation of 0.2% due to currency headwinds. Normalized EBITA increased 17%, driven by operating leverage. Results were in line with our and company-compiled consensus.

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Sonova Holding AG

Sonova Earnings: In Line, and Hearing Instruments Accelerating; Shares Undervalued

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