Cochlear (ASX:COH) reported Friday fiscal first-half 2026 underlying earnings of AU$2.978 per basic share, down from AU$3.139 a year earlier.

Analysts polled by FactSet expected earnings of AU$3.23.

Total revenue for the six months ended Dec. 31, 2025, was AU$1.17 billion, flat compared with a year earlier.

Sales revenue for the period was AU$1.18 billion, compared with AU$1.17 billion a year earlier. Analysts surveyed by FactSet expected AU$1.21 billion.

The company expects fiscal 2026 underlying net profit to be at the lower end of its AU$435 million to AU$460 million outlook range. It added that underlying net profit could be reduced by roughly AU$30 million if the Australian dollar remains at its current level.

The board declared an interim dividend of AU$2.15 per share, unchanged from a year earlier, payable April 13 to shareholders on record as of March 20.