Garmin Posts Record Q3: Revenue $1.99B, EPS Up 39%, Raises FY2026 Guidance
GRMN sits 57% above its 52-week low of $186.67.
Summary
Garmin reported record Q3 2026 revenue of $1.99B (up 12%) and operating income of $612M (up 34%), then raised full-year guidance to ~$8.15B revenue and $10.80 pro forma EPS.
Key Events · Earnings and Guidance · GRMN
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Record Q3 Revenue and Profit
Revenue rose 12% to $1.99B and operating income jumped 34% to a record $612M; pro forma diluted EPS of $2.76 was up 39% year over year.
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Margins Expand on Mix and Tariff Refunds
Gross margin reached 63.3% from 59.1%, a 420 basis point gain, including about $33M in refunds of previously paid tariffs; operating margin was 30.8%.
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FY2026 Guidance Raised
Full-year outlook lifted to approximately $8.15B revenue and $10.80 pro forma EPS, on 61.0% gross margin, 29.0% operating margin and a 16.5% tax rate.
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Auto OEM Remains the Weak Spot
Auto OEM revenue fell 20% to $131.9M on lower domain controller sales, producing a $12M operating loss at a 16% gross margin.
Analysis · GRMN · Manufacturing
Garmin beat its own trajectory across nearly every segment and lifted full-year guidance to about $8.15B revenue and $10.80 pro forma EPS. The margin story is the real driver: gross margin expanded 420 basis points to 63.3%, helped by roughly $33M of tariff refunds, and operating income jumped 34% to $612M. The one soft spot is Auto OEM, down 20% with a $12M operating loss, but it is small enough not to dent the consolidated picture. With $4.1B in cash and securities and $293M of quarterly free cash flow, the raised outlook reads as demand-driven rather than cost-cutting.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GRMN was trading at $294.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $55.8B. The 52-week trading range was $186.67 to $314.28. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.