Citable filing context
GRMN's research view summarizes recent SEC filing context, starting with earnings from Jul 29, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 29, 2026 | earnings | Garmin reported record Q2 2026 revenue of $2.02 billion, an 11% increase, and raised full-year guidance. |
| Jun 8, 2026 | dividend_change | Garmin shareholders approved a cash dividend of $4.20 per share, payable in four equal installments. |
| Apr 29, 2026 | earnings | Garmin reported record Q1 2026 revenue of $1.75 billion and operating income of $432 million. |
| Jul 29, 2026 | Guidance: pro_forma_eps | 10.00 to not reported |
| Jul 29, 2026 | Guidance: revenue | 8050.00 to not reported |
| Feb 18, 2026 | Guidance: gross_margin | not reported to 58.50 |
| Jul 29, 2026 | mda_quarterly | Garmin reported strong financial performance for the second quarter of 2026, with net sales increasing 11% year-over-year to $2.02 billion. Growth was led by the fitness segment, which rose 25% due to robust demand for advanced wearables, and the marine segment, which grew 14%. Aviation and Auto OEM segments also posted gains of 8% and 1%, respectively, while the outdoor segment declined 2% due to lower sales of adventure watches and consumer auto products. Consolidated gross margin expanded 360 basis points to 62%, bolstered by favorable product mix and approximately $21 million in tariff refunds. Operating income surged 30% to $615.5 million, reflecting improved operating leverage as revenue growth outpaced the 9% increase in operating expenses. Research and development costs rose 10% due to higher engineering personnel expenses. The company maintains a strong liquidity position with $4.4 billion in cash and marketable securities. Management continues to navigate global supply chain complexities, particularly regarding memory chip constraints, and remains exposed to foreign currency volatility, notably involving the Euro, Taiwan Dollar, and Swiss Franc. Despite these macroeconomic uncertainties, Garmin expects its vertically integrated model to support ongoing capital expenditures, dividends, and strategic acquisitions. |
| Apr 29, 2026 | mda_quarterly | Net sales for the first quarter of 2026 increased 14% to $1.75 billion, driven by a 42% surge in the Fitness segment, which became the largest revenue contributor at 31% due to strong demand for advanced wearables. Aviation and Marine segments grew 18% and 11% respectively, while Outdoor sales declined 5% as adventure watch demand normalized following a strong prior-year launch. Total operating income rose 30% to $431.7 million, with Fitness operating income increasing 103%. Consolidated gross margin expanded 180 basis points to 59%, supported by favorable foreign currency impacts in Fitness and Outdoor, though Marine margins contracted 200 basis points due to higher tariff costs. Operating expenses increased 11% to $610.6 million, primarily reflecting higher engineering and personnel costs. Net income grew to $405.1 million. Garmin maintains a strong liquidity position with $4.3 billion in cash and marketable securities and generated $536 million in operating cash flow. Notable risks include foreign currency volatility and geopolitical trade policies; specifically, while the U.S. Supreme Court ruled IEEPA tariffs unauthorized, the company has not yet recognized any related refunds. Inventory purchase obligations total $1.1 billion. |
Source: SEC EDGAR filing text and events; period Jul 29, 2026; filed Jul 29, 2026.
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