Garmin shares rise 3% after beating third-quarter estimates and raising 2026 outlook

FinanceInternationalRevista ADVFNOct 28, 2026, 10:14 AM35 s readAI summary

Garmin reported third-quarter adjusted earnings per share of $2.76, above the $2.39 consensus estimate, and revenue of $1.99 billion, up 12% year over year. Operating income reached a record $612 million and gross margin rose to 63.3%. The company raised its full-year revenue outlook to about $8.15 billion and its adjusted earnings per share guidance to $10.80. Its shares rose 2.99% in premarket trading.

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Adjusted earnings per share of $2.76 versus $2.39 expected; revenue of $1.99 billion, up 12% year over year
Record operating income of $612 million and gross margin of 63.3%, versus 59.1% a year earlier
Fitness grew 16% to $694 million and Outdoor 20% to $597 million; Auto OEM fell 20% to $132 million

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IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

Garmin
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Garmin shares rise 3% after beating third-quarter estimates and raising 2026 outlook

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IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day