$GRMN

Garmin reported Q3 GAAP EPS of $2.80, exceeding estimates by $0.46, with revenue of $1.99B, up 12.4% year-over-year. The company also provided FY2026 guidance, expecting revenue of $8.15B and pro forma EPS of $10.80, both above consensus estimates. Operating income increased to $612M.

GARMIN LTD (GRMN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Garmin announces third quarter 2026 results Company reports record third quarter operating results and raises full year guidance Schaffhausen, Switzerland / October 28, 2026 / PR Newswire – Garmin ® Ltd. (NYSE: GRMN), today announced results for the third quarter end

Garmin launched the Edge 1060, replacing the Edge 1050. Key upgrades include voice control, enhanced routing, and group ride features. The new model is slightly smaller and lighter but maintains the same battery life. The Edge 1060 is priced at £700, $800, €800, or AU$1,299, a significant increase from its predecessor.

Garmin released Beta Version 24.13 for its Fenix 8 series and other smartwatches, featuring 18 bug fixes. The update is available as an OTA download for models like the Fenix 8 Pro ($1,099 on Amazon), Enduro 3, Fenix E, and Tactix 8, building on the 45 changes from the previous beta version.

Garmin has relaunched its Connect API developer program with changes. Hobbyist use is now free, but a fee applies after 1,000 users. The company previously closed the program due to an influx of unused AI-generated applications. According to Ray Maker at DC Rainmaker, this shift may set a precedent for the industry.

Garmin (GRMN) raised its fiscal 2026 revenue forecast to $8.05B and EPS to $10, citing strong first-half performance. The fitness segment is expected to drive growth. The stock gained 15.2% since the earnings release, outperforming the S&P 500. Operating margin increased to 30.4% due to a better product mix and a tariff refund.

Garmin launched the $200 CIRQA Smart Band, a screen-free fitness tracker with no subscription required. It monitors health, sleep, and activity, competing with WHOOP and Oura. Garmin emphasizes its integration with Garmin Connect, appealing to cyclists and users seeking a subscription-free option.

Garmin introduced a Personal API, allowing users to access their own health and workout data directly. This eliminates the need for business approval. Users can build custom dashboards or use AI for analysis. However, some metrics are no longer available to third-party platforms. Garmin also reopened its business developer program. The change impacts data accessibility but not device functionality.

Migrant workers at Taiwanese factories, including Garmin and Compal, reported paying recruitment fees and facing threats. Investigators found fees totaling $6,400 per worker. Companies reimbursed current workers after being contacted. Taiwan's reliance on migrant labor, especially in electronics, raises concerns about forced labor and supply chain security. Upcoming trade agreements and regulatory changes may pressure companies to address these issues.

Garmin Ltd (GRMN) launched the Edge 1060, a premium cycling computer with voice-command features. It offers improved navigation, performance tracking, and GroupRide connectivity. The device has a bright touchscreen and physical buttons. Shares were up 0.54% at $287.52 on the NYSE.