earnings
confidence high
sentiment positive
materiality 0.85
Garmin Q2 2026: record revenue $2.02B, EPS $2.80, raises full-year guidance
GARMIN LTD
- Record revenue $2.02B (+11% YoY); operating income $616M (+30%); GAAP EPS $2.80, pro forma $2.81.
- Gross margin 62.4% (up 360 bps); operating margin 30.4% (up 440 bps) vs prior year.
- Fitness segment revenue $757M (+25% YoY) led growth; Outdoor -2%, Aviation +8%, Marine +14%.
- Completed acquisitions of TrainingPeaks and TrainHeroic; launched AXIS flight displays and CIRQA Smart Band.
- Full-year guidance raised (specifics not in excerpt).