Garmin's second quarter revenue grew 11% to $2.02 billion, beating estimates and prompting raised full-year guidance.

Garmin reported second quarter 2026 revenue of $2.02 billion, an 11% increase year-over-year, and GAAP EPS of $2.80. These results surpassed analyst expectations. The company also raised its full-year 2026 guidance.

Key Highlights

• The Fitness segment was the primary growth driver, with revenue increasing 25% year-over-year to $756.8 million, led by strong demand for advanced wearables.
• Gross margin expanded to 62.4% from 58.8% in the prior year, while operating margin increased to 30.4% from 26.0%, aided by favorable product mix and tariff refunds.
• The company raised its full-year 2026 guidance, now anticipating revenue of approximately $8.05 billion and pro forma EPS of $10.00.