Cochlear Limited (CHEOY) Q4 2026 Earnings Call Transcript

SA Transcripts 161.89K Followers Follow Cochlear Limited ( CHEOY ) Q4 2026 Earnings Call August 17, 2026 10:00 PM EDT Company Participants Dig Howitt - CEO, MD, President & Executive Director Sarah Thom - Chief Financial Officer Conference Call Participants David Low - UBS Investment Bank, Research Division Andrew Goodsall - MST Financial Services Pty Limited, Research Division Davinthra Thillainathan - Goldman Sachs Group, Inc., Research Division Saul Hadassin - Barrenjoey Markets Pty Limited, Research Division David Stanton - Jefferies LLC, Research Division Steven Wheen - Jarden Australia Pty Limited, Research Division David Bailey - Morgan Stanley, Research Division Sacha Krien - E&P, Research Division Craig Wong-Pan - RBC Capital Markets, Research Division Chris Cooper - JPMorgan Chase & Co, Research Division Laura Sutcliffe - Citigroup Inc. Exchange Research Presentation Operator Thank you for standing by, and welcome to the Cochlear FY '26 Results Analyst and Media Briefing. [Operator Instructions] I would now like to hand the conference over to Mr. Dig Howitt, CEO and President. Please go ahead. Dig Howitt CEO, MD, President & Executive Director Good morning, everyone. Thank you for joining us. Let's get underway. So in FY '26, as always, our mission is central to what we do. And we enabled over 55,000 people to hear for the first time or to regain their hearing and more than 50,000 of our over 800,000 recipients received a new speech processor last year, giving them access to better hearing. I'll give an overview of the year and then focus on actions to drive growth in the developed adults market. In FY '26, sales revenue grew 2% in constant currency to $2.3 billion and underlying net profit was $322 million. These results were below the expectations we set last August, but they were at the upper end of the guidance we revised in April and revenue in the second half was up 6%. During the year, we advanced our strategic priorities, including successfully launching the Nucleus