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Garmin (GRMN)
NYSE:GRMN
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.82Last Year’s EPS
1.61Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial achievements: record consolidated and segment revenues, expanded operating margins, robust free cash flow, a 17% dividend increase, and a $500M share repurchase program. Management provided constructive 2026 guidance (revenue +9%, EPS +9%) while acknowledging manageable headwinds including memory cost pressure, tariffs, elevated inventory, higher capex, and an auto OEM segment loss that is expected to improve but see near-term revenue declines. The positives (broad-based demand, margin expansion, record operating income, cash generation, and shareholder returns) materially outweigh the contained challenges.Company Guidance
Record Consolidated Revenue and Strong Annual Growth
Full year 2025 consolidated revenue of $7.246B, up 15% year-over-year and a new annual record; Q4 2025 revenue of $2.125B, up 17% year-over-year and Garmin's first quarter above $2.0B.
Expanded Margins and Record Operating Income
Full year operating income of $1.876B, up 18% year-over-year with operating margin of 25.9% (up 60 bps); Q4 operating income of $614M, up 19% with operating margin of 28.9% (up 60 bps).
Earnings Per Share Growth
Pro forma EPS for full year 2025 was $8.56, a 16% increase year-over-year; Q4 pro forma EPS was $2.79, up 16% year-over-year.
Fitness Segment Outperformance
Fitness revenue rose 33% to $2.36B, surpassing $2B for the first time; fitness gross margin improved to 60% (+130 bps) and operating income increased 50% to $726M with operating margin expanding 360 bps to 31%.
Broad-Based Segment Strength
Three segments delivered double-digit quarterly growth in Q4: fitness +42%, marine +18%, and aviation +16%. Full-year segment records achieved across all five segments.
Aviation, Marine, and Outdoor Achievements
Aviation revenue +13% to $987M with operating income up 22% to $257M and 75% gross margin; Marine revenue +10% to $1.18B with operating income $251M; Outdoor revenue exceeded $2B (+5%) with 66% gross margin and operating income $690M.
Strong Cash Position, Free Cash Flow and Capital Actions
Cash & marketable securities approx. $4.1B; full-year free cash flow approx. $1.4B (+$24M YoY); proposed annual dividend $4.20 (+17%) and Board approved $500M share repurchase program.
Positive 2026 Guidance
Company expects 2026 revenue ~ $7.9B (+9%), gross margin ~58.5% (down 20 bps), operating income to exceed $2.0B (first time), and pro forma EPS ~ $9.35 (+9%).
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 |
|---|---|---|---|
Feb 18, 2026 | $216.98 | $237.46 | +9.44% |
Oct 29, 2025 | $247.03 | $218.67 | -11.48% |
Jul 30, 2025 | $237.39 | $219.72 | -7.44% |
Apr 30, 2025 | $201.56 | $184.55 | -8.44% |
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 May 06, 2026, Before Open (Confirmed).
What is Garmin (GRMN) earnings time?
Garmin (GRMN) earnings time is at May 06, 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 (Q1) is 1.82.