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Garmin GRMN Q2 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$2.0BBeat by $96.2M
Adjusted EPS$2.81Beat by $0.51
Revenue estimate$1.9B
EPS estimate$2.30

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.0B
EPS estimate$2.39

Financials

Q2 2026

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$54.47B+9.8%
Enterprise value$52.32B+9.7%
P/E29×-2.6×
P/S7.1×0.0×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0×0.0×
Current ratio3×0.0×

Segments

By segment

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Fitness$756.8M+25.0%
Outdoor$482.7M-1.6%
Marine$341.4M+14.1%
Aviation$268.7M+7.8%
Auto Oem$172.4M+1.3%

By geography

See full
Americas$979.4M+11.5%
EMEA$766.1M+13.1%
Asia Pacific$276.6M+6.7%

FAQ

When did Garmin report Q2 2026 earnings?
Garmin (GRMN) reported Q2 2026 earnings on July 29, 2026 before market open.
What were Garmin's Q2 2026 revenue and EPS?
Garmin reported revenue of $2.0B and adjusted eps of $2.81 for Q2 2026.
Did Garmin beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.9B by $96.2M. EPS beat the consensus estimate of $2.30 by $0.51.
How did Garmin's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.4% from $1.8B a year earlier.
Where can I find Garmin's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-322113) and the 10-Q periodic report (0001193125-26-322114) directly on SEC EDGAR. The filing index links above go to sec.gov.