Garmin announces third quarter 2026 results
PR Newswire•28/10/2026•07:00 ET
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Key Highlights
- ➤Q3 revenue $1.99 billion, up 12% year over year
- ➤Q3 operating income $612 million, up 34% year over year
- ➤Q3 pro forma EPS $2.76, up 39% year over year
- ➤Garmin raises 2026 guidance to $8.15 billion revenue and $10.80 EPS
- ➤Auto OEM revenue fell 20%, producing a $12 million operating loss
Expert Statements
Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.
“We achieved another quarter of record operating results driven by strength across markets and product categories, with meaningful contributions from recently launched products. Our results were further enhanced by strong operational execution resulting in record consolidated gross margin and impressive operating profit leverage. We are raising our 2026 outlook based on the results we have achieved so far and the momentum we are experiencing as we enter the important holiday selling season.”
Company reports record third quarter operating results and raises full year guidance
SCHAFFHAUSEN, Switzerland, Oct. 28, 2026 /PRNewswire/ -- Garmin(®) Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 26, 2026.
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