Garmin Raises 2026 Guidance to $8.15 Billion Revenue and $10.80 Pro Forma EPS
Photo: TokenPost
Garmin raised its 2026 guidance. The company now expects $8.15 billion in revenue and $10.80 in pro forma earnings per share. Third-quarter revenue increased 12% to nearly $2 billion, and gross margin was 63.3%. Demand was stronger in Fitness and Outdoor. Improved tariff refunds contributed to Garmin’s raised 2026 guidance. Garmin expects higher memory and raw-material costs to bring gross margins toward a more historical range. The company is increasing inventory and making prepayments to secure components, affecting free cash flow. It plans to use vertical integration and scale to offset cost pressures.
Source: TokenPost
