Australia's Cochlear tanks on potential order cancellations, revised annual outlook

Cochlear

22/04/2026 02:26

** Shares of Cochlear COH.AX fall as much as 39% to A$102.37, their lowest level since April 13, 2016

** Stock marks its weakest intraday trading session

** The hearing implants maker now expects its underlying net profit for FY2026 to be between A$290 million and A$330 million  ($236.31 million)

** Company warned of risks arising from the Middle East conflict, including potential order cancellations

** Expects nearly additional A$25  million after‑tax hit to second-half earnings

** Stock down 60.2% YTD, including the day's moves

($1 = 1.3965 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))