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Earnings Releases·

Garmin Ltd. — Third Quarter 2026 Earnings Summary

  • **Record Financial Results:** Q3 2026 consolidated revenue reached a record $1.986 billion (up 12% YoY), with operating income surging 34% YoY to $611.6 million and gross margin expanding to 63.3%; GAAP diluted EPS rose 35% YoY to $2.80.
  • **Raised Full-Year Guidance:** Management increased 2026 outlook to approximately $8.15 billion in revenue and $10.80 in pro forma EPS, citing strong momentum entering the holiday season and updated assumptions for 61.0% gross margin and 16.5% tax rate.
  • **Segment Performance & Capital Returns:** Fitness, Outdoor, Marine, and Aviation segments posted double-digit or strong single-digit growth, while Auto OEM revenue declined 20% due to domain controller headwinds; the company returned $717.3 million to shareholders via $202 million in dividends and $41 million in share repurchases during the quarter.
Company
GARMIN LTD
Sector
Technology
Industry
Scientific & Technical Instruments