GARMIN LTD is expected to release its Q3 2026 10-Q filing on October 27, 2026. Last quarter: 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.
EPS Estimate
$2.39
Revenue Estimate
$2B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the GRMN page.
Drawn from management commentary in the Q2 2026 10-Q:
Net sales for 2026-Q2 rose 11% year-over-year to $2.02B, primarily driven by a 25% surge in Fitness segment net sales to $756.8M due to strong demand for advanced wearables. Marine and Aviation segments also grew by 14% and 8% respectively.
Consolidated gross margin improved 360 basis points year-over-year to 62%, supported by favorable product mix across segments and a $21M refund of previously paid tariffs, of which $14M benefited the Marine segment.
Total operating income grew 30% year-over-year to $615.5M, expanding operating margin by 440 basis points to 30%, as revenue growth outpaced operating expenses which decreased to 32% of total net sales.
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