--- title: "Garmin | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.022 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294195980.md" datetime: "2026-07-29T11:02:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294195980.md) - [en](https://longbridge.com/en/news/294195980.md) - [zh-HK](https://longbridge.com/zh-HK/news/294195980.md) --- # Garmin | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.022 B Revenue: As of FY2026 Q2, the actual value is USD 2.022 B, beating the estimate of USD 1.936 B. EPS: As of FY2026 Q2, the actual value is USD 2.8, beating the estimate of USD 2.2375. EBIT: As of FY2026 Q2, the actual value is USD 612.89 M. Garmin Ltd. reported record consolidated revenue of approximately $2.02 billion for the second quarter ended June 27, 2026, an 11% increase compared to the prior year quarter. Gross margin expanded to 62.4%, and operating margin reached 30.4% in the second quarter. The company achieved record operating income of $615.5 million, a 30% increase year-over-year. #### Segment Revenue (13-Weeks Ended June 27, 2026) - **Fitness**: Revenue increased 25% to $756.8 million, driven by strong demand for advanced wearables. - **Outdoor**: Revenue decreased by 2% to $482.7 million, primarily due to consumer auto and adventure watch product categories. - **Aviation**: Revenue grew 8% to $268.7 million, with growth in both OEM and aftermarket product categories. - **Marine**: Revenue rose 14% to $341.4 million, reflecting broad-based growth across multiple categories. - **Auto OEM**: Revenue increased 1% to $172.4 million, mainly attributed to domain controllers. #### Segment Operating Income (13-Weeks Ended June 27, 2026) - **Fitness**: Operating income was $277.0 million, with gross and operating margins of 64% and 37% respectively. - **Outdoor**: Operating income was $163.6 million, with gross and operating margins of 69% and 34% respectively. - **Aviation**: Operating income was $72.2 million, with gross and operating margins of 75% and 27% respectively. - **Marine**: Operating income was $99.8 million, with gross and operating margins of 61% and 29% respectively. - **Auto OEM**: Operating income improved to $2.9 million, compared to an operating loss in the prior-year period. #### Consolidated Operational Metrics - **Gross Profit**: Consolidated gross profit for Q2 2026 was $1,262.0 million, an 18% increase from $1,067.0 million in Q2 2025. The consolidated gross margin expanded 360 basis points to 62.4%, primarily due to favorable product mix and approximately $21 million in refunds of previously paid tariffs. - **Operating Income**: Consolidated operating income was $615.5 million in Q2 2026, up from $472.3 million in Q2 2025. - **Total Operating Expenses**: Total operating expenses in Q2 2026 were $647 million, a 9% increase over the prior year, driven by a 10% increase in research and development and an 8% increase in selling, general and administrative expenses, mainly due to personnel costs. - **Net Income**: GAAP net income for Q2 2026 was $541.9 million, compared to $400.8 million in Q2 2025. - **Effective Tax Rate**: The effective tax rate in Q2 2026 was 16.8%, slightly up from 16.5% in Q2 2025, primarily due to income mix by jurisdiction. #### Cash Flow and Liquidity (13-Weeks Ended June 27, 2026) - **Operating Cash Flow**: Garmin Ltd. generated $403.6 million in operating cash flows. - **Free Cash Flow**: Free cash flow was $275.8 million. - **Dividends and Share Repurchases**: The company paid a quarterly dividend of $202 million and repurchased $43 million of its shares. - **Cash and Marketable Securities**: Garmin Ltd. ended the quarter with approximately $4.4 billion in cash and marketable securities. #### Unique Operational Highlights - Garmin Ltd. completed the strategic acquisition of TrainingPeaks® and TrainHeroic®, leading training platforms for athletes and coaches. - The company unveiled AXISTM, a new family of highly scalable flight displays, and announced CIRQATM Smart Band, its first screenless smart band with health and wellness features. - New product launches included the Forerunner® 70 and Forerunner 170 GPS running smartwatches, the Approach® Z10 laser rangefinder, the D2TM Mach 2 Pro aviator smartwatch, Garmin SignalTM VHF marine radios, and the next generation LiveScopeTM 2 sonar. - For the 11th consecutive year, Garmin Ltd. was named Best Supplier of the Year by Embraer. #### Fiscal Year 2026 Guidance Garmin Ltd. raised its full year 2026 guidance based on strong first-half performance and a positive outlook. The company now anticipates revenue of approximately $8.05 billion and pro forma EPS of $10.00. This guidance is based on an expected gross margin of 59.7%, an operating margin of 27.0%, and a full year tax rate of 16.5%. ### Related Stocks - [GRMN.US](https://longbridge.com/en/quote/GRMN.US.md) ## Related News & Research - [Why Garmin stock soared in July and is at an all-time high](https://longbridge.com/en/news/295452912.md) - [Garmin BDR program executes 8-for-1 stock split in Brazil](https://longbridge.com/en/news/292812606.md) - [CitroTech Provides Q2 2026 Business Update in Letter to Shareholders](https://longbridge.com/en/news/295561956.md) - [Brisanet board okays Q2 2026 interim financial statements](https://longbridge.com/en/news/295590194.md) - [PBG board signs off on Q2 2026 results](https://longbridge.com/en/news/295788709.md)