Garmin Q3 2026: Record Margins and a Raised Full-Year Outlook
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Garmin just raised its full-year outlook to roughly $8.15 billion in revenue, with gross margin at a record 63.3% heading into the holiday quarter. Auto OEM, down 20%, is the only soft spot.
Continue ReadingShow less
Garmin's adjusted earnings per share of $2.76 beat expectations, the sixth straight quarter it has topped analyst estimates.
Gross margin hit a record 63.3%, helped by favorable product mix, lower product costs, and refunds of previously paid tariffs.
Outdoor and Fitness led growth on demand for adventure watches including the newly launched fēnix 9 series, with Auto OEM the lone weak spot as anticipated.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
Garmin raised its full-year 2026 guidance to approximately $8.15 billion in revenue, with CEO Cliff Pemble citing "strong operational execution" heading into the holiday selling season.
Garmin enters its most important selling period with a freshly stocked lineup and roughly $407 million left on its buyback.
Mentioned: GRMN