Garmin 3Q 2026: Revenue $1.99B, EPS $2.8— 10-Q Summary
Garmin reported Q3 2026 revenue of $1.99B, up 12% YoY, with net income increasing 34.9% to $541.7M and EPS rising 34.6% to $2.8. Fitness led segment growth, while marine and auto OEM showed mixed results. Gross margins improved, but management cautioned about future memory-chip constraints.
How this was made

The 30-second read
Why it matters
Strong revenue and EPS growth suggest bullish sentiment for the stock.
Market read
First report of Garmin's quarterly results, offering fresh data for traders.
What to watch
Marine segment decline and auto OEM weakness may offset growth.
Background
Garmin's Q3 2026 earnings release provides the latest financial performance.
Ticker impact
Garmin reported Q3 2026 revenue of $1.99B (+12% YoY) and EPS of $2.80, beating prior quarter.
likely upward pressure as the market prices in the earnings beat
Revenue and EPS both rose sharply year‑over‑year, indicating improved performance and may trigger buying.
Market effects
Positive earnings may lift the consumer electronics and wearable tech sector.
U.S. market may see modest gains in related hardware stocks.
Limited to Garmin and its peers; no broad global effect.
Counterpoint
Margin pressure from memory‑chip constraints could temper upside.
Key entities
- companyGarmin Ltd.
U.S.-listed maker of GPS and wearable devices.