Consumer products
Price
$277.03
-0.05%Market Cap
$53.43B
Day High
$277.88
Day Low
$274.99
Garmin Ltd. reported strong financial results for 2026-Q2, with net sales increasing 11% year-over-year to $2.02B and net income rising 35% to $541.9M, driven by robust performance in its Fitness segment.
Key risk: Supply Chain Constraints for Memory Chips
Recent global supply constraints of memory chips have increased operational complexities and costs for Garmin, which may unfavorably impact future gross margins.