Garmin reports record Q1 revenue $1.75B, +14% YoY; operating income $432M, +30%

GARMIN LTD

2026-Q1 EPS reported $2.09 revenue$1,753,489,000

Record Q1 revenue $1.75B, +14% YoY; operating income $432M, +30%; GAAP EPS $2.09, pro forma EPS $2.08 (+29%).
Fitness segment revenue $547M (+42% YoY); Outdoor $418M (-5%); Aviation $264M (+18%); Marine $355M (+11%).
Gross margin expanded to 59.4% from 57.6%; operating margin 24.6% from 21.7%.
Fenix 8 Pro named "Best Connected Device" at Mobile World Congress 2026; published inReach SOS report.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GARMIN LTD reported first quarter ended March 28, 2026 results: revenue approximately $1.75 billion, EPS $2.09.

Period: first quarter ended March 28, 2026
Revenue: approximately $1.75 billion
EPS: $2.09
Result: reported results

Exact text from the filing

Garmin announces first quarter 2026 results Company reports record first quarter revenue and operating income Schaffhausen, Switzerland / April 29, 2026 / PR Newswire – Garmin ® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 28, 2026. Highlights for first quarter 2026 include: • Record consolidated revenue of approximately $1.75 billion, a 14% increase compared to the prior year quarter • Gross and operating margins expanded to 59.4% and 24.6% respectively, compared to the prior year quarter • Record operating income of $432 million, a 30% increase compared to the prior year quarter • GAAP EPS of $2.09 and pro forma EPS (1) of $2.08, representing a 29% increase in pro forma EPS compared to the prior year quarter

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Source: SEC EDGAR

accession 0001193125-26-188907

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