Garmin said third-quarter revenue for the 13-week period ended September 26, 2026 rose 12% year over year to $1.99 billion, and operating income rose 34% to $612 million.

1. 01

   Garmin said third-quarter revenue for the 13-week period ended September 26, 2026 rose 12% year over year to $1.99 billion, and operating income rose 34% to $612 million.

2. 02

   The company said its consolidated gross margin for Q3 expanded 420 basis points to 63.3%. It cited favorable segment mix, lower product cost and approximately $33 million in refunds of previously paid tariffs as the factors.

3. 03

   Garmin said it generated operating cash flow of $394 million and free cash flow of $293 million in Q3. It said it paid dividends of $202 million and repurchased $41 million of its shares.

4. 04

   Garmin said it raised its full-year outlook based on its results for the first three quarters of the year. It projected revenue of about $8.15 billion, pro forma EPS of $10.80, a gross margin of 61.0%, an operating margin of 29.0% and a full-year tax rate of 16.5%.

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Original filing

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