Quarterly ResultJul 29, 2026, 07:06 AM
Garmin Q2 Diluted EPS $2.80, Net Sales +11.4% to $2.02B
AI Summary
Garmin reported strong second-quarter 2026 results with diluted EPS increasing to $2.80 and net sales growing by 11.4% to $2.02 billion. For the first half of 2026, net income rose to $947 million and net sales reached $3.78 billion. The company also received $21 million in refunds from previously paid IEEPA tariffs.
Key Highlights
- Q2 2026 diluted EPS increased 35.3% to $2.80 from $2.07 in Q2 2025.
- Q2 2026 net sales rose 11.4% to $2.02 billion from $1.81 billion in Q2 2025.
- First half 2026 net income grew 29.1% to $947 million from $734 million in H1 2025.
- First half 2026 net sales increased 12.7% to $3.78 billion from $3.35 billion in H1 2025.
- Net cash provided by operating activities for H1 2026 was $939.5 million, up from $594.0 million.
- Cash and cash equivalents stood at $2.33 billion as of June 27, 2026.
- Received $21 million in refunds from International Emergency Economic Powers Act (IEEPA) tariffs.
- Declared dividends of $810.3 million for the first half of 2026.
Price Impact
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