Garmin Ltd (GRMN)

The company now

Garmin reported record third-quarter 2026 revenue of $1.99 billion on 28 October, up 12 percent from a year earlier 1. Operating income was a record $612 million, up 34 percent 1.

Fitness revenue grew 16 percent and outdoor 20 percent, led by wearables and adventure watches 1. Auto OEM, the business of supplying car makers, fell 20 percent, mainly because of domain controllers 1.

Gross margin, the share of revenue left after the cost of making the products, widened to 63.3 percent 1. About $33 million came from refunds of tariffs paid earlier, after the U.S. Supreme Court ruled them unauthorized on 20 February 2026 12.

The company raised its 2026 outlook to about $8.15 billion of revenue and pro forma earnings per share of $10.80 1. Chief executive Cliff Pemble cited the momentum entering the holiday selling season as a reason 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.