Quarterly ResultJul 29, 2026, 07:02 AM
Garmin Q2 Revenue $2.02B, +11%; EPS $2.80; Raises FY Guidance
AI Summary
Garmin Ltd. announced record financial results for the second quarter ended June 27, 2026, with consolidated revenue reaching $2.02 billion, an 11% increase year-over-year, and operating income growing 30% to $616 million. GAAP diluted EPS rose 35% to $2.80. The company also raised its full-year 2026 guidance, now expecting revenue of approximately $8.05 billion and pro forma EPS of $10.00. Key operational highlights included the acquisition of TrainingPeaks and TrainHeroic, and the launch of new products like the AXIS flight displays and CIRQA Smart Band.
Key Highlights
- Record Q2 consolidated revenue: $2.02 billion, up 11% YoY.
- Record Q2 operating income: $616 million, up 30% YoY.
- Q2 GAAP diluted EPS: $2.80, a 35% increase YoY.
- Raised full-year 2026 revenue guidance to $8.05 billion.
- Raised full-year 2026 pro forma EPS guidance to $10.00.
- Acquired TrainingPeaks and TrainHeroic training platforms.
- Fitness segment revenue increased 25% to $756.8 million.
- Marine segment revenue increased 14% to $341.4 million.
Price Impact
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