Garmin's Fiscal Q2 Adjusted Earnings, Net Sales Rise; Increases 2026 Guidance

MT Newswires Live
Jul 29

Garmin (GRMN) reported fiscal Q2 pro forma net income Wednesday of $2.81 per diluted share, compared with $2.17 a year earlier.

Analysts surveyed by FactSet expected $2.30.

Net sales for the quarter ended June 27 were $2.02 billion, compared with $1.81 billion a year earlier.

Analysts surveyed by FactSet expected $1.93 billion.

For 2026, the company raised its guidance for pro forma EPS to $10 and net sales to $8.05 billion, from its previous outlook of $9.35 and $7.90 billion, respectively.

Analysts polled by FactSet expect pro forma EPS of $9.67 on revenue of $8.01 billion.

Shares of Garmin were up 6.6% pre-bell.

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