Terex Posts $2.2 Billion in Second-Quarter Sales; Garmin Raises Full-Year Outlook
Key Facts
Terex posted sales of $2.2 billion in the second quarter of 2026, up 50.5% on a reported year-over-year basis, and net income of $110 million, according to the company’s statement. The results provide a basis for comparison with the third quarter, whose results were scheduled for release on October 28, but the available materials do not document figures for that quarter. Before the results, analysts estimated Terex revenue at $2.16 billion and earnings per share at $1.42 for the quarter ended in September, according to an Investing.com report citing Reuters. These are estimates, not actual results. The company’s shares closed at $49.68 on October 27, the eve of the scheduled results announcement.
In the second quarter, Terex said it raised its 2026 full-year outlook to sales of between $7.9 billion and $8.2 billion, and adjusted earnings before interest, taxes, depreciation and amortization of between $960 million and $1 billion. Its chief executive said the results reflected revenue growth across all segments, improved profitability and positive booking trends, with healthy demand across broad parts of the business portfolio. He added that end-market conditions remained mixed. Ahead of the third-quarter results, the company’s shares were down 32% from their 52-week high amid concerns over Federal Reserve policy and economic uncertainty, according to the report published on October 27. The report also noted that six analysts cut their price targets on the stock during October, and that investors were awaiting an update on the sale of the Genie unit.
Garmin, meanwhile, reported record consolidated revenue of about $2.02 billion in the second quarter of 2026, up 11% from the comparable period, according to its statement. Operating income was $616 million, up 30% year over year. The company then raised its fiscal 2026 outlook to revenue of about $8.05 billion and pro forma earnings per share of $10. At the same time, revenue in the Outdoor segment fell 2% in the second quarter, a decline Garmin attributed mainly to its automotive and adventure watch product categories. These figures show a divergence between the company’s overall results and one of its segments, while third-quarter results are not available here to verify its more recent performance.
Garmin said its third-quarter results would be released before the market opened on October 28, 2026, followed by an earnings call at 10:30 a.m. Eastern time. The call time was also listed on the company’s investor relations page. Garmin shares closed at $289.34 on October 27, according to EL7 data. This comes ahead of the quarterly results investors were awaiting, while the available materials do not include published third-quarter figures attributable to the company.