Garmin posts record Q2 2026 revenue of about $2.02 billion and raises full-year guidance
AI Market Summary
Garmin reported record Q2 FY2026 results with 11% revenue growth, expanding gross and operating margins, and a 30% jump in operating income. Pro forma EPS rose 29%, and management raised full-year revenue and EPS guidance, citing broad segment contribution and strong first-half execution. The update is supportive for risk sentiment in equities, though the direct market-wide impact is limited outside the single name.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.33%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Garmin reported fiscal 2026 second-quarter results with consolidated revenue of about $2.02 billion, up 11% year over year. Gross margin and operating margin rose to 62.4% and 30.4%, while operating income increased 30% to $616 million. GAAP EPS was $2.80 and pro forma EPS was $2.81, with pro forma EPS up 29%, and the company raised its full-year revenue and EPS guidance on the back of a strong first half.
