# Garmin Raises Annual Outlook After Record Quarterly Sales

Wearables and outdoor products helped lift revenue 12% in the quarter ended September 26.

By Will Langan | 24X7 News
Published: 2026-10-28T12:04:50.958Z
Updated: 2026-10-28T12:04:50.958Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/garmin-third-quarter-results-outlook-october-28-2026

Garmin raised its annual outlook on October 28 after reporting record third-quarter revenue and operating income, according to its earnings release.

Sales reached approximately $1.99 billion, up 12% from a year earlier. Operating income increased 34% to $612 million, with an operating margin of 30.8%. The results cover the quarter ended September 26.

Fitness revenue increased 16%, led by wearables, while outdoor revenue rose 20%, primarily reflecting adventure watches. Aviation sales grew 5% and marine sales increased 16%. Revenue from automotive original-equipment customers declined 20%.

Garmin reported earnings of $2.80 per share under standard accounting rules and pro forma earnings of $2.76. The pro forma measure, which adjusts specified items, increased 39%.

The company now expects full-year revenue of approximately $8.15 billion and pro forma earnings of $10.80 per share. Those forecasts assume a gross margin of 61% and an operating margin of 29%.

Operating cash flow totaled $394 million during the quarter. Garmin said lower product costs, sales mix and approximately $33 million in tariff refunds helped its gross margin.

Sources: Garmin earnings release, distributed by PR Newswire.

## Sources
- Garmin Third-Quarter 2026 Earnings Release: https://www.prnewswire.com/news-releases/garmin-announces-third-quarter-2026-results-302921655.html