GARMIN LTD is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Garmin delivered a strong Q1 2026 with revenue of $1.75B (+14.2% YoY), operating income surging 29.7% to $432M, and diluted EPS of $2.09 (+21.5%), reflecting broad-based demand growth and meaningful margin expansion.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue reached $1.75B in Q1 2026, up 14.2% from $1.54B in Q1 2025, demonstrating sustained consumer and professional demand for Garmin's diversified product portfolio spanning fitness, outdoor, aviation, marine, and auto segments.
Gross margin improved to 59.4% from 57.6% a year ago (+1.8 percentage points), while operating margin expanded to 24.6% from 21.7% (+2.9 percentage points), indicating improved product mix, pricing power, and operating leverage.
Operating cash flow grew 27.4% YoY to $536M, outpacing net income growth of 21.7%, which signals high-quality earnings and efficient working capital management.
Revenue
$1.75B
++14.23% YoY
EPS (Basic)
$2.10
++21.39% YoY
Gross Margin
59.4%
++1.82% YoY
Operating Income
$431.67M
++29.70% YoY
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