Garmin Posts $2.80 Q3 EPS as Revenue Hits Record $1.99B, Guidance Raised
GRMN sits 57% above its 52-week low of $186.67.
Summary
Garmin delivered Q3 adjusted EPS of $2.76 alongside record quarterly revenue of $1.99B, up 12% year over year, and operating income of $612M, up 34%, with net income of $541.7M. The operating leverage is the story: profit grew nearly three times faster than sales. Management also raised full-year guidance, extending the pattern from Q2, when record results prompted a guidance hike and a $500M buyback authorization, and it now sees 2026 revenue of about $8.15B and 2026 pro forma EPS of $10.80, with gross margin of 61.0% and operating margin of 29.0%. This follows the 8-K filed this morning with the same figures. The print lands after a stretch of share gains in wearables, with smartwatch share at 15% in Q2 versus 11% a year earlier.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Garmin's raised FY2026 outlook targets revenue of about $8.15 billion and pro forma EPS of $10.80, with gross margin of 61.0% and operating margin of 29.0%.
At the time of this announcement, GRMN was trading at $294.00 on NYSE in the Technology sector, with a market capitalization of approximately $55.8B. The 52-week trading range was $186.67 to $314.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.