Form 8-K · Current report
Garmin 8-K, filed Oct 28, 2026
- Filed
- CIK
- 0001121788
- Accession no.
- 0001193125-26-435066
Summary
Garmin reported record third-quarter 2026 results, with revenue of $1.99 billion (up 12% year over year), operating income of $612 million (up 34%), and pro forma diluted EPS of $2.76 (up 39%), and raised its full-year 2026 guidance to approximately $8.15 billion in revenue and $10.80 in pro forma EPS. CEO Cliff Pemble attributed the results to strength across markets and recently launched products, record gross margin, and operating leverage ahead of the holiday selling season.
Key points
- Third-quarter revenue rose 12% to $1.99 billion, with gross margin of 63.3% and operating margin of 30.8%; GAAP diluted EPS was $2.80.
- Segment revenue grew 16% in fitness, 20% in outdoor, 5% in aviation and 16% in marine, while auto OEM revenue fell 20% on domain controllers.
- The quarter included about $33 million in refunds of previously paid tariffs, and the effective tax rate fell to 18.1% from 21.2%.
- Garmin generated $394 million of operating cash flow and $293 million of free cash flow, and the board set a $1.05 per share dividend installment payable December 24, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition On October 28, 2026, Garmin Ltd. (“the Company”) issued a press release announcing its financial results for the fiscal third quarter ended September 26, 2026. A copy of the press release is attached as Exhibit 99.1. The information in Item 2.02 and Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Unless expressly incorporated into a filing of Garmin Ltd. …
An excerpt of the text as filed with the SEC, cut for length.
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