Global Finance News
30 Apr 2026, 17:32
Garmin reported record first-quarter 2026 results, driven by strong revenue growth and expanding profitability.
Revenue rose 14% year-over-year to approximately $1.75 billion, marking a record for the first quarter. Profitability improved significantly, with operating income increasing 30% to $432 million, while operating margin expanded to 24.6% and gross margin to 59.4%.
Earnings also showed strong growth, with GAAP EPS reaching $2.09 and pro forma EPS at $2.08, up 29% from the prior year.
On the product side, Garmin highlighted continued innovation, including industry recognition for its Fenix 8 Pro, which was named “Best Connected Device” at the Mobile World Congress 2026.
The results reflect strong demand across Garmin’s product segments and effective cost management, supporting continued margin expansion.
Source: PR Newswire
Revenue rose 14% year-over-year to approximately $1.75 billion, marking a record for the first quarter. Profitability improved significantly, with operating income increasing 30% to $432 million, while operating margin expanded to 24.6% and gross margin to 59.4%.
Earnings also showed strong growth, with GAAP EPS reaching $2.09 and pro forma EPS at $2.08, up 29% from the prior year.
On the product side, Garmin highlighted continued innovation, including industry recognition for its Fenix 8 Pro, which was named “Best Connected Device” at the Mobile World Congress 2026.
The results reflect strong demand across Garmin’s product segments and effective cost management, supporting continued margin expansion.
Source: PR Newswire
