Garmin announces second quarter 2026 results

Rhea-AI Summary

Garmin (NYSE: GRMN) reported record Q2 2026 results, with consolidated revenue of $2.02 billion, up 11% year over year, led by 25% growth in Fitness and double-digit growth in Marine and Aviation. Gross margin rose to 62.4% and operating margin to 30.4%, driving record operating income of $616 million, up 30%.

GAAP diluted EPS was $2.80 and pro forma EPS $2.81, with pro forma EPS up 29% from Q2 2025. According to Garmin, all segments were profitable, and consolidated gross margin expansion reflected favorable product mix and about $21 million of tariff refunds. The company generated $404 million in operating cash flow and $276 million in free cash flow, ended the quarter with approximately $4.4 billion in cash and marketable securities, and returned $245 million via dividends and share repurchases.

Based on strong first-half performance, Garmin raised full-year 2026 guidance to approximately $8.05 billion in revenue and pro forma EPS of $10.00, assuming 59.7% gross margin, 27.0% operating margin and a 16.5% full-year tax rate. Garmin also completed the strategic acquisition of TrainingPeaks and TrainHeroic, launched multiple new products across segments, and confirmed its $4.20 per-share annual dividend, with the next $1.05 installment scheduled for September 25, 2026.

Positive

• Q2 2026 revenue $2.02 billion, up 11% year over year
• Operating income $616 million, up 30% with 30.4% margin
• GAAP diluted EPS $2.80; pro forma diluted EPS up 29% YoY
• Fitness segment revenue up 25% YoY with $277 million operating income
• Free cash flow $276 million in Q2; $4.4 billion cash and marketable securities
• Raised 2026 guidance to $8.05 billion revenue and $10.00 pro forma EPS

Negative

• Outdoor segment revenue declined 2% year over year in Q2
• Operating expenses rose 9% YoY to $647 million in Q2
• Auto OEM revenue grew only 1% YoY despite segment returning to $3 million operating income
• Effective tax rate ticked up to 16.8% from 16.5% in prior-year quarter

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Company reports record second quarter operating results and raises full year guidance

SCHAFFHAUSEN, Switzerland, July 29, 2026 /PRNewswire/ -- Garmin^® Ltd. (NYSE: GRMN), today announced results for the second quarter ended June 27, 2026.

Highlights include:

• Record consolidated revenue of approximately $2.02 billion, an 11% increase compared to the prior year quarter
• Gross and operating margins expanded to 62.4% and 30.4% respectively, compared to the prior year quarter
• Record operating income of $616 million, a 30% increase compared to the prior year quarter
• GAAP EPS of $2.80 and pro forma EPS⁽¹⁾ of $2.81, representing a 29% increase in pro forma EPS compared to the prior year quarter
• Recently completed the strategic acquisition of TrainingPeaks^® and TrainHeroic^®, leading training platforms for athletes and coaches
• Recently unveiled AXIS™, an all-new highly scalable family of flight displays
• Recently announced CIRQA™ Smart Band, our first screenless smart band, that includes a rich set of health and wellness features

(In thousands, except per share information)		13-Weeks Ended												26-Weeks Ended
		June 27,				June 28,				YoY				June 27,				June 28,				YoY
		2026				2025				Change				2026				2025				Change
Net sales		$	2,022,092			$	1,814,564			11 %				$	3,775,582			$	3,349,663			13 %
Fitness			756,823				605,425			25 %					1,303,646				990,147			32 %
Outdoor			482,740				490,357			(2) %					900,270				928,853			(3) %
Aviation			268,749				249,366			8 %					532,590				472,481			13 %
Marine			341,369				299,262			14 %					696,385				618,699			13 %
Auto OEM			172,411				170,154			1 %					342,691				339,483			1 %
Gross profit			1,262,022				1,067,012			18 %					2,304,310				1,951,557			18 %
Gross margin %			62.4	%			58.8	%							61.0	%			58.3	%
Operating Income			615,508				472,295			30 %					1,047,173				805,119			30 %
Operating income %			30.4	%			26.0	%							27.7	%			24.0	%
GAAP diluted EPS		$	2.80			$	2.07			35 %				$	4.89			$	3.79			29 %
Pro forma diluted EPS(1)		$	2.81			$	2.17			29 %				$	4.89			$	3.78			29 %

(1) See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma diluted EPS

Executive Overview from Cliff Pemble, President and Chief Executive Officer:

"We delivered another quarter of outstanding financial results with double-digit revenue growth and robust margin expansion, which resulted in record revenue and operating income. Each business segment contributed to these impressive results. Our performance in the first half of 2026 was very strong giving us confidence to raise our full year 2026 consolidated revenue and EPS guidance." - Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.

Fitness:

Revenue from the fitness segment increased 25% in the second quarter with growth across all product categories, led by strong demand for advanced wearables. Gross and operating margins were 64% and 37%, respectively, resulting in $277 million of operating income. During the quarter, we launched the Forerunner^® 70 and Forerunner 170, easy-to-use GPS running smartwatches designed to help runners of all levels reach their goals. In addition, we celebrated global running day and global cycling day with the release of our running and cycling data reports, highlighting how athletes around the world are recording runs and rides. More recently, we announced the CIRQA Smart Band, a screenless wearable that offers rich wellness and fitness insights without requiring a subscription and further expands our addressable market for wellness devices.

Outdoor:

Revenue from the outdoor segment decreased 2% in the second quarter primarily due to the consumer auto and adventure watch product categories. Gross and operating margins were 69% and 34%, respectively, resulting in $164 million of operating income. We recently announced the Approach^® Z10, a compact laser rangefinder that sends precise distances to compatible devices bringing a high-fidelity experience to game play, and we also released our Trends in Golf Data Report, highlighting that participation in the sport is up and players improving in nearly every shot category. 

Aviation:

Revenue from the aviation segment increased 8% in the second quarter with growth in both the OEM and aftermarket product categories. Gross and operating margins were 75% and 27%, respectively, resulting in $72 million of operating income. For the 11th consecutive year, we were named Best Supplier of the Year by Embraer, recognizing us for outstanding performance as a supplier of Electrical and Electronic Systems for their Phenom business jets. During the quarter, we launched the D2™ Mach 2 Pro, our first aviator smartwatch with inReach technology. We also recently announced AXIS, an all-new family of highly integrated and scalable cockpit display solutions for a broad range of certified and experimental aircraft models.

Marine:

Revenue from the marine segment increased 14% in the second quarter with broad-based growth across multiple categories. Gross and operating margins were 61% and 29%, respectively, resulting in $100 million of operating income. During the quarter, we launched the Garmin Signal™ VHF marine radios which offer color touchscreens and new features that enhance communication on the water. We recently announced the next generation LiveScope™ 2, delivering live sonar images with improved range and clarity. 

Auto OEM:

Revenue from the auto OEM segment increased 1% during the second quarter primarily due to domain controllers. Operating income improved to $3 million in the quarter, compared to an operating loss in the prior-year period, driven by improved gross profit and lower research and development expenses.

Additional Financial Information:

The consolidated gross margin expanded 360 basis points to 62.4%, compared to the prior year quarter with higher margins across all segments. The consolidated gross margin increase was primarily attributable to favorable product mix within certain segments and approximately $21 million in refunds of previously paid tariffs.

Total operating expenses in the second quarter were $647 million, a 9% increase over the prior year. Research and development and selling, general and administrative expenses increased 10% and 8%, respectively, driven primarily by personnel related costs.

The effective tax rate in the second quarter was 16.8%, compared to an effective tax rate of 16.5% in the prior year quarter. The increase in the effective tax rate is primarily due to income mix by jurisdiction.

In the second quarter of 2026, we generated operating cash flows of $404 million and free cash flow⁽¹⁾ of $276 million. We paid a quarterly dividend of $202 million and repurchased $43 million of the Company's shares within the quarter, leaving approximately $448 million remaining as of June 27, 2026 in the $500 million share repurchase program authorized through December 2028. We ended the quarter with cash and marketable securities of approximately $4.4 billion.

(1)

See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma effective tax rate and free cash flow.

Fiscal Year 2026 Guidance:

Based on our performance during the first half of 2026 and our positive outlook for the remainder of the year, we are raising our full year 2026 guidance. We now anticipate revenue of approximately $8.05 billion and pro forma EPS of $10.00 based on gross margin of 59.7%, operating margin of 27.0% and a full year tax rate of 16.5% (see attached discussion on Forward-looking Financial Measures).

Dividend Recommendation:

At the 2026 annual shareholders' meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $4.20 per share, payable in four equal installments on dates to be determined by the Board in its discretion. The first payment was made on June 26, 2026. The Board of Directors has established September 25, 2026, as the payment date for the next dividend installment of $1.05 per share with a record date of September 11, 2026. The Board currently anticipates the scheduling of the remaining quarterly dividend installments as follows:

Dividend Date		Record Date		$'s per share
December 24, 2026		December 11, 2026		$1.05
March 26, 2027		March 12, 2027		$1.05

Webcast Information/Forward-Looking Statements:

The information for Garmin Ltd.'s earnings call is as follows:

When:	Wednesday, July 29, 2026 10:30 a.m. Eastern
Where:	Join a live stream of the call at the following link
	https://investors.garmin.com/news-and-events/default.aspx

An archive of the live webcast will be available until July 28, 2027 on the Garmin website at www.garmin.com. To access the replay, click on the Investors link and click over to the News & Events page.

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2026 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segment revenue growth rates, consolidated revenue, gross margins, operating margins, tariffs and other global trade related impacts, potential future acquisitions, share repurchase programs, currency movements, expenses, pricing, new product launches, market reach, statements relating to possible future dividends, and the Company's plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 27, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2025 Form 10-K can be downloaded from https://investors.garmin.com/financials/sec-filings/default.aspx. All information provided in this release and in the attachments is as of June 27, 2026. We undertake no duty to update this information unless required by law.

This release and the attachments contain non-GAAP financial measures. A reconciliation to the nearest GAAP measure and a discussion of the Company's use of these measures are included in the attachments.

Garmin, the Garmin logo, the Garmin delta, Approach, Forerunner, TrainingPeaks, TrainHeroic, and inReach are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. AXIS, LiveScope, D2, CIRQA, and Garmin Signal are trademarks of Garmin Ltd. or its subsidiaries.  All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Investor Relations Contact:	Media Relations Contact:
Teri Seck	Krista Klaus
+1 913 397 8200	+1 913 397 8200
investor.relations@garmin.com	media.relations@garmin.com

 

Garmin Ltd. and Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share information)
		13-Weeks Ended								26-Weeks Ended
		June 27,				June 28,				June 27,				June 28,
		2026				2025				2026				2025
Net sales		$	2,022,092			$	1,814,564			$	3,775,582			$	3,349,663
Cost of goods sold			760,070				747,552				1,471,272				1,398,106
Gross profit			1,262,022				1,067,012				2,304,310				1,951,557
Research and development expense			303,940				276,663				599,758				544,783
Selling, general and administrative expenses			342,574				318,054				657,379				601,655
Total operating expense			646,514				594,717				1,257,137				1,146,438
Operating income			615,508				472,295				1,047,173				805,119
Other income (expense):
Interest income			38,173				31,724				74,147				62,231
Foreign currency (losses) gains			(2,492)				(23,512)				630				1,248
Other (expense) income			(128)				(256)				1,640				730
Total other income (expense)			35,553				7,956				76,417				64,209
Income before income taxes			651,061				480,251				1,123,590				869,328
Income tax provision			109,141				79,429				176,591				135,737
Net income		$	541,920			$	400,822			$	946,999			$	733,591
Net income per share:
Basic		$	2.81			$	2.08			$	4.91			$	3.81
Diluted		$	2.80			$	2.07			$	4.89			$	3.79
Weighted average common shares outstanding:
Basic			192,836				192,523				192,755				192,534
Diluted			193,471				193,416				193,515				193,557

 

Garmin Ltd. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)
		June 27, 2026				December 27, 2025
Assets
Current assets:
Cash and cash equivalents		$	2,334,235			$	2,278,646
Marketable securities			331,955				459,202
Accounts receivable, net			1,153,215				1,253,015
Inventories			1,966,061				1,772,257
Deferred costs			13,673				17,538
Prepaid expenses and other current assets			509,473				467,558
Total current assets			6,308,612				6,248,216
Property and equipment, net			1,454,228				1,375,348
Operating lease right-of-use assets			212,297				196,183
Noncurrent marketable securities			1,703,680				1,396,929
Deferred income tax assets			717,795				718,094
Noncurrent deferred costs			3,930				4,373
Goodwill			748,474				760,241
Other intangible assets, net			179,054				198,362
Other noncurrent assets			95,821				95,923
Total assets		$	11,423,891			$	10,993,669
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$	401,318			$	347,493
Salaries and benefits payable			201,311				228,267
Accrued warranty costs			71,560				72,921
Accrued sales program costs			118,531				153,193
Other accrued expenses			249,765				257,651
Deferred revenue			106,956				105,646
Income taxes payable			326,081				381,549
Dividend payable			607,651				173,351
Total current liabilities			2,083,173				1,720,071
Deferred income tax liabilities			107,365				109,701
Noncurrent income taxes payable			3,754				3,596
Noncurrent deferred revenue			22,072				22,277
Noncurrent operating lease liabilities			177,957				164,835
Other noncurrent liabilities			557				625
Stockholders' equity:
Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued; 192,910 and 192,620 shares outstanding)			19,490				19,490
Additional paid-in capital			2,381,041				2,368,670
Treasury shares (1,991 and 2,281 shares)			(427,840)				(406,423)
Retained earnings			7,106,837				6,970,182
Accumulated other comprehensive income (loss)			(50,515)				20,645
Total stockholders' equity			9,029,013				8,972,564
Total liabilities and stockholders' equity		$	11,423,891			$	10,993,669

 

Garmin Ltd. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
		26-Weeks Ended
		June 27, 2026				June 28, 2025
Operating Activities:
Net income		$	946,999			$	733,591
Adjustments to reconcile net income to net cash provided by    operating activities:
Depreciation			81,270				75,980
Amortization			16,711				17,423
Loss on sale or disposal of property and equipment			55				350
Unrealized foreign currency losses (gains)			2,575				(16,566)
Deferred income taxes			3,418				(49,754)
Stock compensation expense			88,793				82,279
Realized loss on marketable securities			597				706
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net of allowance for doubtful accounts			84,187				17,902
Inventories			(209,361)				(206,276)
Other current and noncurrent assets			(44,687)				(37,092)
Accounts payable			59,547				(2,591)
Other current and noncurrent liabilities			(68,307)				2,408
Deferred revenue			1,187				(6,843)
Deferred costs			4,310				7,262
Income taxes			(27,750)				(24,820)
Net cash provided by operating activities			939,544				593,959
Investing activities:
Purchases of property and equipment			(194,395)				(85,738)
Purchase of marketable securities			(510,525)				(465,372)
Redemption of marketable securities			311,308				306,469
Net payments for acquisitions			(2,993)				(1,973)
Other investing activities, net			(68)				503
Net cash used in investing activities			(396,673)				(246,111)
Financing activities:
Dividends			(376,045)				(317,748)
Proceeds from issuance of treasury shares related to equity awards			31,442				29,065
Purchase of treasury shares related to equity awards			(47,063)				(33,431)
Purchase of treasury shares under share repurchase plan			(81,581)				(93,632)
Net cash used in financing activities			(473,247)				(415,746)
Effect of exchange rate changes on cash and cash equivalents			(14,014)				60,650
Net increase (decrease) in cash, cash equivalents, and restricted cash			55,610				(7,248)
Cash, cash equivalents, and restricted cash at beginning of period			2,279,360				2,080,154
Cash, cash equivalents, and restricted cash at end of period		$	2,334,970			$	2,072,906

 

Garmin Ltd. and Subsidiaries
Net Sales, Gross Profit and Operating Income by Segment (Unaudited)
(In thousands)
		Fitness				Outdoor				Aviation				Marine				Auto OEM				Total
13-Weeks Ended June 27, 2026
Net sales		$	756,823			$	482,740			$	268,749			$	341,369			$	172,411			$	2,022,092
Gross profit			480,723				332,319				201,971				208,964				38,045				1,262,022
Operating income (loss)			277,039				163,583				72,166				99,848				2,872				615,508
13-Weeks Ended June 28, 2025
Net sales		$	605,425			$	490,357			$	249,366			$	299,262			$	170,154			$	1,814,564
Gross profit			364,670				324,429				185,472				164,338				28,103				1,067,012
Operating income (loss)			197,630				157,881				63,383				62,921				(9,520)				472,295
26-Weeks Ended June 27, 2026
Net sales		$	1,303,646			$	900,270			$	532,590			$	696,385			$	342,691			$	3,775,582
Gross profit			819,246				610,261				399,279				406,340				69,184				2,304,310
Operating income (loss)			434,659				282,373				143,100				190,606				(3,565)				1,047,173
26-Weeks Ended June 28, 2025
Net sales		$	990,147			$	928,853			$	472,481			$	618,699			$	339,483			$	3,349,663
Gross profit			584,813				606,964				353,374				348,271				58,135				1,951,557
Operating income (loss)			275,344				286,668				111,739				149,785				(18,417)				805,119

 

Garmin Ltd. and Subsidiaries
Net Sales by Geography (Unaudited)
(In thousands)
		13-Weeks Ended												26-Weeks Ended
		June 27,				June 28,				YoY				June 27,				June 28,				YoY
		2026				2025				Change				2026				2025				Change
Net sales		$	2,022,092			$	1,814,564			11 %				$	3,775,582			$	3,349,663			13 %
Americas			979,390				878,014			12 %					1,801,019				1,623,747			11 %
EMEA			766,069				677,402			13 %					1,422,914				1,246,355			14 %
APAC			276,633				259,148			7 %					551,649				479,561			15 %

Americas - North America & South America; EMEA - Europe, Middle East & Africa; APAC - Asia Pacific & Australian Continent

Non-GAAP Financial Information

To supplement our financial results presented in accordance with GAAP, this release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: pro forma effective tax rate, pro forma net income (earnings) per share and free cash flow. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies, limiting the usefulness of the measures for comparison with other companies. Management believes providing investors with an operating view consistent with how it manages the Company provides enhanced transparency into the operating results of the Company, as described in more detail by category below. 

The tables below provide reconciliations between the GAAP and non-GAAP measures.

Pro forma effective tax rate

The Company's income tax expense is occasionally impacted by discrete tax items that are not reflective of income tax expense incurred as a result of current period earnings. Therefore, management believes the effective tax rate and income tax provision before the effect of certain discrete tax items are important measures to permit investors' consistent comparison between periods. In the first half of 2026 and 2025 there were no such discrete tax items identified.

Pro forma net income (earnings) per share

Management believes net income (earnings) per share before the impact of foreign currency gains or losses and certain discrete income tax items, as discussed above, is an important measure to permit a consistent comparison of the Company's performance between periods.

(In thousands, except per share information)		13-Weeks Ended								26-Weeks Ended
		June 27,				June 28,				June 27,				June 28,
		2026				2025				2026				2025
GAAP net income		$	541,920			$	400,822			$	946,999			$	733,591
Foreign currency gains / losses(1)			2,492				23,512				(630)				(1,248)
Tax effect of foreign currency gains / losses(2)			(418)				(3,889)				99				195
Pro forma net income		$	543,994			$	420,445			$	946,468			$	732,538
GAAP net income per share:
Basic		$	2.81			$	2.08			$	4.91			$	3.81
Diluted		$	2.80			$	2.07			$	4.89			$	3.79
Pro forma net income per share:
Basic		$	2.82			$	2.18			$	4.91			$	3.80
Diluted		$	2.81			$	2.17			$	4.89			$	3.78
Weighted average common shares outstanding:
Basic			192,836				192,523				192,755				192,534
Diluted			193,471				193,416				193,515				193,557

(1) Foreign currency gains and losses for the Company are driven by movements of a number of currencies in relation to the U.S. Dollar and the related exchange rate impact on the significant cash, receivables, and payables held in a currency other than the functional currency at a given legal entity.  However, there is minimal cash impact from such foreign currency gains and losses.

(2) The tax effect of foreign currency gains was calculated using the effective tax rates of 16.8% and 15.7% for the 13-weeks and 26-weeks ended June 27, 2026, respectively, and 16.5% and 15.6% for the 13-weeks and 26-weeks ended June 28, 2025, respectively.

Free cash flow

Management believes free cash flow is an important liquidity measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flows less capital expenditures for property and equipment. Management believes excluding purchases of property and equipment provides a better understanding of the underlying trends in the Company's operations and allows more accurate comparisons of the Company's results between periods. This metric may also be useful to investors but should not be considered in isolation as it is not a measure of cash flow available for discretionary expenditures. The most comparable GAAP measure is net cash provided by operating activities.

(In thousands)		13-Weeks Ended								26-Weeks Ended
		June 27,				June 28,				June 27,				June 28,
		2026				2025				2026				2025
Net cash provided by operating activities		$	403,556			$	173,171			$	939,544			$	593,959
Less: purchases of property and equipment			(127,778)				(45,677)				(194,395)				(85,738)
Free cash flow		$	275,778			$	127,494			$	745,149			$	508,221

Forward-looking Financial Measures

The forward-looking financial measures in our 2026 guidance provided above do not consider the potential future net effect of foreign currency exchange gains and losses, certain discrete tax items and any other impacts that may be identified as pro forma adjustments in calculating the non-GAAP measures described above. 

The estimated impact of foreign currency gains and losses cannot be reasonably estimated on a forward-looking basis due to the high variability and low visibility with respect to non-operating foreign currency exchange gains and losses and the related tax effects of such gains and losses. The impact on diluted net income per share of foreign currency gains and losses, net of tax effects, was $0.00 per share for the 26-week period ended June 27, 2026.

At this time, management is unable to determine whether or not significant discrete tax items will occur in fiscal 2026, estimate the impact of any such items, or anticipate the impact of any other events that may be considered in the calculation of non-GAAP financial measures.

 

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SOURCE Garmin Ltd.

FAQ

How did Garmin (GRMN) perform in Q2 2026?

Garmin reported record Q2 2026 revenue of $2.02 billion, up 11% year over year, and operating income of $616 million. According to Garmin, gross margin expanded to 62.4% and GAAP diluted EPS reached $2.80, reflecting broad-based profitability across all segments.

Which Garmin (GRMN) business segments drove Q2 2026 growth?

Garmin’s Q2 2026 growth was led by the Fitness segment, with revenue up 25% year over year. According to Garmin, Marine revenue grew 14% and Aviation 8%, while Outdoor declined 2% and Auto OEM increased 1%, with all segments generating operating income.

What 2026 guidance did Garmin (GRMN) raise after Q2 2026 results?

Garmin raised full-year 2026 guidance to $8.05 billion in revenue and pro forma EPS of $10.00. According to Garmin, this outlook assumes a 59.7% gross margin, 27.0% operating margin and a full-year effective tax rate of 16.5% based on current expectations.

What were Garmin’s (GRMN) Q2 2026 earnings per share?

Garmin reported Q2 2026 GAAP diluted EPS of $2.80 and pro forma diluted EPS of $2.81. According to Garmin, pro forma diluted EPS increased 29% compared to Q2 2025, reflecting higher revenue, margin expansion and improved operating leverage across its business segments.

How strong was Garmin’s cash flow and balance sheet in Q2 2026?

Garmin generated Q2 2026 operating cash flow of $404 million and free cash flow of $276 million. According to Garmin, it ended the quarter with approximately $4.4 billion in cash and marketable securities, providing significant financial flexibility alongside ongoing dividends and share repurchases.

What is Garmin’s (GRMN) dividend for 2026 and upcoming payment date?

Garmin shareholders approved a $4.20 per-share 2026 cash dividend, payable in four equal installments of $1.05. According to Garmin, the next installment will be paid on September 25, 2026 to shareholders of record as of September 11, 2026.

Did Garmin (GRMN) complete any acquisitions or product launches in Q2 2026?

Garmin completed the strategic acquisition of TrainingPeaks and TrainHeroic and launched several new products. According to Garmin, launches included the AXIS flight display family, CIRQA Smart Band, new Forerunner smartwatches, D2 Mach 2 Pro aviator watch, Garmin Signal VHF radios and LiveScope 2 sonar.