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[SITUATION] · [ACTIVE]

2 clusters · 5 sources · 3 days · First seen 4 days ago · Last updated 2 days ago

Categories: BUSINESS

Garmin Q2 2026 earnings surge

Entities: Garmin Ltd. · Teri Seck · Clifton Pemble · Joshua Maxfield · Argent Capital Management LLC

Overview

Garmin Ltd. posted a record second‑quarter 2026, with adjusted earnings of $2.81 per share versus analysts’ $2.30 estimate and revenue of $2.02 billion, up 11.4% year‑over‑year. The results prompted the company to raise its full‑year 2026 revenue outlook to 11% growth and EPS growth to about 17%, citing strong demand for fitness products and advanced wearables. The stock jumped roughly 22% for the week, reaching a new 52‑week high near $295. Garmin highlighted a cash balance of $4.4 billion with no debt and announced the launch of its screen‑less Cirqa smart band. In parallel, Argent Capital Management LLC reduced its Garmin stake by 10.3% in Q1, selling 9,404 shares and ending the quarter with 81,569 shares valued at about $18.9 million.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 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's Q2 revenue increased 11.4% year over year to $2.02 billion. (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] Garmin's stock rose 22.4% for the week after the earnings release. (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] 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)

Timeline

2 days ago

[BUSINESS] 3 sources
Garmin posts record Q2 earnings, lifts 2026 guidance as shares surge 22%
Garmin posted record Q2 earnings, raised 2026 guidance and saw its stock jump 22%, while holding $4.4 bn cash and launching a new smart band; Argent Capital trimmed its Garmin stake.
4 days ago

[BUSINESS] 4 sources
Garmin posts earnings beat, shares climb to 52‑week high
Garmin beat Q2 2026 earnings expectations, posting $2.81 EPS and $2.02 bn revenue, sending its shares to a new 52‑week high.

Sources

mommygearest.com · otravel.com · seekingalpha.com · stocknews.com · the5krunner.com

This summary has been updated 1 time: see revision history