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Corporate earnings
Wednesday, 29 July 2026, 6:00 am CDT

Garmin announces second quarter 2026 results

Company reports record second quarter operating results and raises full year guidance

Schaffhausen, Switzerland/July 29, 2026/PR Newswire – Garmin® Ltd. (NYSE: GRMN) today announced results for the second quarter ended June 27, 2026.

Highlights include:

  • Record consolidated revenue of approximately $2.02 billion, an 11% increase compared to the prior year quarter
  • Gross and operating margins expanded to 62.4% and 30.4% respectively, compared to the prior year quarter
  • Record operating income of $616 million, a 30% increase compared to the prior year quarter
  • GAAP EP of $2.80 and pro forma EPS(1) of $2.81, representing a 29% increase in pro forma EPS compared to the prior year quarter
  • Recently completed the strategic acquisition of TrainingPeaks® and TrainHeroic®, leading training platforms for athletes and coaches
  • Recently unveiled AXISTM, an all-new highly scalable family of flight displays
  • Recently announced CIRQATM Smart Band, our first screenless smart band, that includes a rich set of health and wellness features

View the PDF for the full press release and financial results.

About Garmin Ltd.

Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, the Garmin logo, the Garmin delta, Approach, Forerunner, TrainingPeaks, TrainHeroic, and inReach are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. AXIS, LiveScope, D2, CIRQA, and Garmin Signal are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations Contact: Teri Seck
Garmin International, Inc.
Phone | 913-397-8200
E-Mail | [email protected]

Media Relations Contact: Krista Klaus
Garmin International, Inc.
Phone | 913-397-8200
E-Mail | [email protected]

Public Company Information

NYSE: GRMN