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Garmin Ltd. — Third Quarter 2026 Earnings Summary

Garmin Ltd. reported record third-quarter 2026 consolidated revenue of $1.99 billion, representing a 12% increase year-over-year, driven by strong demand across its fitness, outdoor, and marine segments. The company achieved record operating income of $612 million and expanded its gross and operating margins to 63.3% and 30.8%, respectively. Garmin raised its full-year 2026 guidance to anticipate revenue of approximately $8.15 billion and pro forma earnings per share of $10.80. Key product launches during the quarter included the fēnix 9 series, the CIRQA Smart Band, and the G2000 PRIME flight deck, while the Auto OEM segment experienced a 20% revenue decline.

Company
GARMIN LTD
Sector
Technology
Industry
Scientific & Technical Instruments