GARMIN LTD

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.

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.

Garmin Ltd. shareholders approved a cash dividend of $4.20 per outstanding share, payable in four equal installments of $1.05 each through March 2027. This approval occurred at the annual general meeting on June 5, 2026, where shareholders also approved the 2025 Annual Report, appropriation of available earnings, and discharged the Board and Executive Management from liability. Additionally, six directors, the Executive Chairman, and four Compensation Committee members were re-elected, and auditors were ratified.

Garmin Ltd. reported strong first-quarter 2026 results with net sales increasing 14.2% to $1.75 billion and net income rising 21.7% to $405.1 million. Diluted EPS grew 21.5% to $2.09. The company also announced a new $500 million share repurchase program, replacing the terminated 2024 program. Operating income saw a significant increase of 29.7% to $431.7 million.

Garmin Ltd. announced record financial results for the first quarter ended March 28, 2026, with consolidated revenue increasing 14% to $1.75 billion and operating income rising 30% to $432 million. The company reported a pro forma EPS of $2.08, a 29% increase, and expanded both gross and operating margins. Strong performance in the Fitness, Aviation, and Marine segments contributed to the growth, while the company also maintained its fiscal year 2026 guidance for revenue and pro forma EPS.