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Garmin Q2 2026 earnings surge
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2026-07-31 23:35 UTC → 2026-08-02 09:03 UTC ·
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Garmin Ltd. reported posted a strong record second‑quarter 2026 performance, posting revenue of $2.02 billion and 2026, with adjusted earnings of $2.81 per share versus analysts’ $2.30 estimate and revenue of $2.81, well above analyst expectations. $2.02 billion, up 11.4% year‑over‑year. The earnings beat lifted the stock to a new 52‑week high, trading near $295, and results prompted the company reaffirmed its fiscal‑2026 guidance while announcing a dividend increase and ongoing share‑repurchase activity. Two days later, Garmin highlighted that the quarter set a record for the company, raising to raise its full‑year 2026 revenue outlook to 11% revenue growth and EPS growth to about 17% earnings‑per‑share growth. 17%, citing strong demand for fitness products and advanced wearables. The stock rallied jumped roughly 22% for the week, and the company disclosed reaching a new 52‑week high near $295. Garmin highlighted a cash balance of $4.4 billion with no debt. An insider sale by Vice‑President Joshua Maxfield debt and announced the launch of the its screen‑less Cirqa smart band were also noted, underscoring both financial strength band. In parallel, Argent Capital Management LLC reduced its Garmin stake by 10.3% in Q1, selling 9,404 shares and product expansion. ending the quarter with 81,569 shares valued at about $18.9 million.
Versions
- 2026-08-02 09:03 UTC Garmin Q2 2026 earnings surge
- 2026-07-31 23:35 UTC Garmin Q2 2026 earnings surge
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