Garmin posts record Q2 earnings, lifts 2026 guidance as shares surge 22%
Garmin Ltd. reported adjusted earnings of $2.81 per share for the second quarter, beating analysts' expectations of $2.30, and revenue rose 11.4% year‑over‑year to $2.02 billion. The company raised its full‑year 2026 revenue guidance to 11% growth and projected earnings per share growth of nearly 17%, citing strong demand for fitness products and advanced wearables. The upbeat results and higher outlook sent Garmin’s stock up 22.4% for the week.
Garmin also highlighted a cash position of $4.4 billion with no debt and announced the launch of its screenless Cirqa smart band. Meanwhile, Argent Capital Management LLC cut its Garmin holding by 10.3% in the first quarter, selling 9,404 shares and ending the period with 81,569 shares valued at about $18.9 million.
Entities: Argent Capital Management LLC · CIRQA Smart Band · Garmin Ltd. · Joshua Maxfield
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Garmin's Q2 revenue increased 11.4% year over year to $2.02 billion. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Garmin's stock rose 22.4% for the week after the earnings release. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Garmin reported adjusted earnings of $2.81 per share in Q2, beating expectations of $2.30. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Garmin holds $4.4 billion in cash and marketable securities with no debt. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Garmin launched the screenless Cirqa smart band. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Garmin raised its full-year 2026 revenue guidance to 11% year‑over‑year growth and EPS growth to nearly 17%. (e3711b2b-80ff-4b6e-975c-3b84e7c4e9c3)
- [○ 1 SOURCE] Argent Capital Management LLC reduced its Garmin stake by 10.3% in Q1, selling 9,404 shares and ending with 81,569 shares worth $18.9 million. (7e4237fc-5ae8-425c-b843-1d0b8eca008d)