Garmin reports record quarter. Garmin stock falls 7.35 percent

Published on 10/28/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin posted USD 1.99 billion of third-quarter revenue, up 12.00 percent year over year. Garmin stock costs EUR 242.10 on October 28, 2026, 7.35 percent below the Xetra close.

Garmin delivers record third quarter

Garmin reported third-quarter revenue of USD 1.99 billion on October 28, 2026, up 12.00 percent year over year.
Operating income reached USD 612.00 million, up 34.00 percent, while operating margin rose to 30.80 percent.
Garmin stock was trading at EUR 242.10 at Lang & Schwarz on October 28, 2026 at 4:34 p.m. CET, down 7.35 percent versus the Xetra close of EUR 261.30 on October 26, 2026.

Garmin Ltd., CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) reported record third-quarter revenue of USD 1.99 billion for the period ended September 26, 2026, up 12.00 percent from the prior-year quarter, while Garmin stock was trading at EUR 242.10 at Lang & Schwarz on October 28, 2026 at 4:34 p.m. CET, down 7.35 percent versus the Xetra close of October 26, 2026 at EUR 261.30. The results were announced by Garmin Newsroom on October 28, 2026.

Profit growth outpaced revenue

The quarter's earnings quality was stronger than the top-line increase. Garmin reported record operating income of USD 612.00 million, up 34.00 percent from the prior-year quarter, while GAAP diluted earnings per share reached USD 2.80 and pro forma diluted earnings per share reached USD 2.76, up 39.00 percent year over year.

Gross margin expanded to 63.30 percent and operating margin reached 30.80 percent. The combination of double-digit revenue growth and faster operating-income growth points to stronger operating leverage in the third quarter, although the reported figures also include the company's full portfolio of product categories.

Guidance raises the bar

Garmin also raised its full-year 2026 guidance in the October 28 release. That decision changes the market question from whether growth is continuing to whether the higher outlook can be delivered through the final quarter and the holiday selling season.

The release said revenue growth came from several product areas and highlighted recently launched products. It also reported that Garmin launched the f?nix 9 and f?nix 9 Pro adventure watch series, adding a concrete product catalyst to the quarterly figures.

Stock reaction diverges from results

The sharp euro-market decline gives the report a different immediate market signal from its operating figures. The quote is 7.35 percent below the October 26 Xetra close, while the company has reported record revenue, operating income and pro forma earnings per share for the September quarter.

The further course of trading is shown by the continuously updated real-time quote of Garmin stock.