GARMIN $GRMN Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $1.99B (Est. $1.99B) 🟡; +12% YoY
🔹 Adj. EPS: $2.76 (Est. $2.40) 🟢; +39% YoY
🔹 Gross Margin: 63.3%; +420 bps YoY
🔹 Operating Margin: 30.8%
Raises FY26 Guide:
🔹 Revenue: ~$8.15B (Est. $8.09B) 🟢
🔹 Adj. EPS: $10.80 (Est. $10.13) 🟢
Segment Revenue:
🔹 Fitness: $694.3M; +16% YoY
🔹 Outdoor: $597.3M; +20% YoY
🔹 Aviation: $252.7M; +5% YoY
🔹 Marine: $309.9M; +16% YoY
🔹 Auto OEM: $131.9M; -20% YoY
Announcements:
🔹 G1000 Retrofits: 1,000th King Air retrofit delivered
🔹 Garmin Autoland: 2,500+ aircraft equipped
Comments:
🔸 “We are raising our 2026 outlook based on the results we have achieved so far and the momentum we are experiencing as we enter the important holiday selling season.”
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