Garmin jumps as Q1 2026 earnings show strong fitness growth and margin gains
GRMN•Garmin shares are higher after the company posted strong Q1 2026 results, including GAAP EPS of $2.09 and net sales of $1.75B, up 14% year over year. Fitness revenue jumped 42% and operating income rose 30%, reinforcing confidence in 2026 growth.
1. What’s moving the stock today
Garmin (GRMN) is trading higher as investors continue to reposition after the company’s late-April Q1 2026 earnings update highlighted accelerating demand in key product categories and improving profitability. The report showed GAAP EPS of $2.09 and net sales of $1.753B (+14% year over year), with operating income up 30% and gross margin expanding to 59.4%. (www8.garmin.com)
2. The numbers investors are reacting to
The standout in the quarter was Fitness, where revenue climbed to $546.8M, up 42% year over year, helping offset a decline in Outdoor. Aviation (+18%) and Marine (+11%) also contributed to broad-based growth, supporting a record quarter for revenue and operating income and keeping the focus on mix-driven margin improvement. (www8.garmin.com)
3. Guidance and what it implies
Garmin maintained its fiscal 2026 outlook at approximately $7.9B in revenue and pro forma EPS of $9.35, which markets read as a sign the company is comfortable absorbing near-term variability while sustaining its full-year plan. With the stock reacting positively today, traders appear to be emphasizing the strength of Fitness and profit expansion rather than short-term quarter-to-quarter noise. (nasdaq.com)
