Garmin Ltd.: EPS $2.76 vs $2.41 expected; revenue $1.99B vs $1.99B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.76 | 2.41 | +14.5% | 1.99 |
| Revenue (USD bn) | 1.99 | 1.99 | — | 1.77 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 28, 2026 | Q3 FY2026 | 2.76 | 2.41 | +14.5% | 1.99 | 1.99 | — |
| Jul 29, 2026 | Q2 FY2026 | 2.81 | 2.30 | +22.2% | 2.02 | 1.93 | +5.0% |
| Apr 29, 2026 | Q1 FY2026 | 2.08 | 1.84 | +13.0% | 1.75 | 1.72 | +1.7% |
| Feb 18, 2026 | Q4 FY2025 | 2.79 | 2.40 | +16.3% | 2.12 | 2.02 | +5.3% |
| Oct 29, 2025 | Q3 FY2025 | 1.99 | 1.99 | 0.0% | 1.77 | 1.78 | −0.6% |
| Jul 30, 2025 | Q2 FY2025 | 2.17 | 1.90 | +14.2% | 1.81 | 1.70 | +6.7% |
| Apr 30, 2025 | Q1 FY2025 | 1.61 | 1.67 | −3.6% | 1.54 | 1.52 | +0.7% |
| Feb 19, 2025 | Q4 FY2024 | 2.41 | 1.90 | +26.8% | 1.82 | 1.70 | +7.3% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Garmin Ltd. results: EPS $2.76 vs $2.41 expected; revenue $1.99B vs $1.99B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 14.5%; revenue in line with the estimate.
Revenue was up 12.2% from $1.77 billion a year earlier (Q3 FY2025). EPS was up 38.7% from $1.99 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
Revenue growth indicates expanding activity at Garmin Ltd., but the available material does not identify how individual segments contributed. Its businesses span fitness and outdoor devices, aviation solutions, and marine navigation, making demand within each area important to interpreting the results.
Fitness and outdoor operations serve athletes and users of specialized devices, supported by digital platforms, applications, and accessories. Aviation and marine operations center on navigation, display, and communication solutions, so demand drivers differ between consumer products and specialized systems.
What to watch on the earnings call: Listen for management to explain the sources of demand growth across segments and the role of devices, digital platforms, and accessories in fitness and outdoor activity. Product mix and its effect on margins, demand for aviation and marine solutions, and product development spending priorities also merit attention.
For the full analysis of Garmin Ltd. stock — valuation, scores and financial statements — see the stock page linked with this story.