8/108 sources · 4 publishersUpdated Oct 28, 13:59 UTC
Garmin reports record Q3 revenue, beats earnings and lifts 2026 guidance
Garmin Ltd. posted third‑quarter 2026 revenue of $1.99 billion, up 12% year‑over‑year, and GAAP diluted EPS of $2.80, surpassing analysts’ estimates. Adjusted (pro forma) EPS was $2.76, also beating forecasts. The company raised its full‑year 2026 outlook to $8.15 billion in revenue and $10.80 in pro forma EPS.
Why it matters
The higher revenue and earnings numbers, together with the upgraded 2026 guidance, suggest stronger growth prospects for Garmin and may support the stock’s recent price gains, according to the company’s own guidance release.
Key facts
- 1Q3 2026 revenue was $1.99 billion, a 12% year‑over‑year increase. tradingview.com
- 2GAAP diluted EPS for the quarter was $2.80. seekingalpha.com
- 3Adjusted (pro forma) diluted EPS was $2.76, up 39% year‑over‑year. tradingview.com
- 4Operating income rose to $612 million, a 34% increase. tradingview.com
- 5Full‑year 2026 revenue guidance was raised to $8.15 billion. tradingview.com
- 6Full‑year 2026 pro forma EPS guidance was raised to $10.80. tradingview.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.