Schaffhausen, Switzerland – Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 28, 2026.
Highlights for first quarter 2026 include:
- Record consolidated revenue of approximately $1.75 billion, a 14% increase compared to the prior year quarter
- Gross and operating margins expanded to 59.4% and 24.6% respectively, compared to the prior year quarter
- Record operating income of $432 million, a 30% increase compared to the prior year quarter
- GAAP EPS of $2.09 and pro forma EPS(1) of $2.08, representing a 29% increase in pro forma EPS compared to the prior year quarter
- Published our 2025 Garmin inReach® SOS Report, highlighting the important role served by inReach devices in remote communications and emergency response coordination around the globe
- Fenix® 8 Pro was officially recognized as the “Best Connected Device” at the 2026 Mobile World Congress in Barcelona
View the PDF for the full press release and financial results.
About Garmin International, Inc.
Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, the Garmin logo, GPSMAP, Venu, fēnix, Forerunner, and inReach are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. D2, DriveTrack, Descent, Blaze, Garmin Connect, Garmin Active Intelligence, Garmin G5000H, Garmin Unified Cabin and Garmin OnBoard are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
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