Garmin LtdGRMN
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Record Q2 results and raised guidance drive stock surge.
Impact on stocks 1
Aerospace & Aviation
Garmin LtdGarmin Stock Surges 22% After Record Q2 Results and Raised Guidance
Earnings
Garmin shares jumped 22.4% this week after the company reported record second-quarter results and raised its full-year 2026 guidance. Management now expects 11% year-over-year revenue growth and nearly 17% earnings per share growth, driven by strong performance in its fitness segment, which has averaged 32% quarterly revenue growth since the start of 2024. The company holds $4.4 billion in cash and marketable securities with no debt, representing about 8% of its market capitalization. Garmin recently launched the screenless Cirqa smart band as part of its product rollout. The stock is up over 45% year to date.
Garmin LtdRecord Q2 results and raised guidance drive stock surge.