Garmin (GRMN)
NYSE:GRMN
Want to see GRMN full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.27Last Year’s EPS
2.17Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a very strong start to 2026 with record first-quarter revenue and operating income, meaningful margin expansion, robust cash generation, and significant growth in key segments (notably Fitness +42%, Aviation +18%, Marine +11%). Management acknowledged some near-term headwinds—Outdoor decline versus a tough comp, tariff-related margin pressure (notably in Marine), elevated inventory, and an expected decline in auto OEM for 2026 with Mercedes ramping in 2027. Component cost inflation is flagged as a more pronounced risk in 2027. Overall, the positives (broad revenue growth, margin expansion, product momentum, and cash strength) outweigh the contained and largely forward-looking challenges.Company Guidance
Record First Quarter Revenue and Profitability
Consolidated revenue increased 14% year-over-year to $1.753 billion, a new first quarter record. Operating income was a record $432 million, up 30% YoY, with pro forma EPS of $2.08 (up 29% YoY) and GAAP EPS of $2.09.
Margin Expansion
Gross margin expanded to 59.4% (up 180 basis points YoY) and operating margin widened to 24.6% (up 290 basis points YoY), driven in part by favorable foreign currency impacts.
Outstanding Fitness Segment Performance
Fitness revenue rose 42% YoY to $547 million (new first quarter record). Segment gross margin was 62% and operating margin 29%, producing operating income of $158 million. Growth driven by higher unit volumes and market share gains in advanced wearables.
Strong Aviation and Marine Growth
Aviation revenue increased 18% YoY to $264 million with 75% gross margin and $71 million operating income. Marine revenue rose 11% YoY to $355 million, contributing operating income of $91 million and benefiting from new product launches (360-degree sonar, quatix 8 Pro).
Geographic Strength and FX Tailwinds
Revenue growth across all regions: APAC +25%, EMEA +15%, Americas +10%. EMEA and APAC benefited from favorable foreign currency impacts that aided top-line and margin expansion.
Healthy Cash Generation and Strong Balance Sheet
Generated free cash flow of $469 million (up $9 million YoY). Cash and marketable securities of approximately $4.3 billion at quarter end, paid $174 million in dividends and repurchased $40 million of stock with $491 million remaining under authorization.
Product Innovation and Broad New Releases
Multiple new product introductions across segments (e.g., Varia RearVue 820, Approach G82 and J1, zumo XT3, Catalyst 2, 360-degree sonar, quatix 8 Pro) and expanded wearable features (WhatsApp on-device messaging, Natural Cycles integration), supporting ongoing market relevance.
GRMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GRMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $247.81 | $253.08 | +2.13% |
Feb 18, 2026 | $216.15 | $236.55 | +9.44% |
Oct 29, 2025 | $246.09 | $217.84 | -11.48% |
Jul 30, 2025 | $236.48 | $218.88 | -7.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Garmin (GRMN) report earnings?
Garmin (GRMN) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Garmin (GRMN) earnings time?
Garmin (GRMN) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRMN EPS forecast?
GRMN EPS forecast for the fiscal quarter 2026 (Q2) is 2.27.