Garmin Q1 revenue rises 14% to record $1.75 billion; FY2026 guidance held
Garmin reported record first-quarter 2026 revenue of approximately $1.75 billion, up 14%, and operating income of $432 million, up 30%, with pro forma EPS of $2.08, up 29%. The company maintained its fiscal 2026 guidance of approximately $7.9 billion in revenue and pro forma EPS of $9.35, which matters to shareholders because the results were strong while the outlook was unchanged.
Key points
- Net sales of $1,753.5 million, up 14% from $1,535.1 million a year earlier; Fitness rose 42% and Outdoor fell 5%
- GAAP diluted EPS of $2.09 (up 22%) and pro forma diluted EPS of $2.08 (up 29%)
- Free cash flow of $469 million; quarterly dividend payments of $174 million and $40 million of share repurchases
- Fiscal 2026 guidance maintained at approximately $7.9 billion revenue and pro forma EPS of $9.35
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.