22 April 2026Markets & Economy
Cochlear crashes 31% after slashing profit guidance
Cochlear plunged the most in 30 years after cutting full-year profit guidance by 15 percent, citing slower hearing implant adoption rates in key markets. The Australian medical device maker blamed delayed surgeries and cautious patient spending on elective procedures. Revenue growth slowed to 3 percent in the latest quarter, well below the 8-12 percent range Cochlear maintained for the past five years. The guidance cut suggests post-pandemic healthcare normalization is taking longer than medical device companies anticipated.
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