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Garmin Stock Soars on Stellar Q2 2026 Earnings
22 Aug
Summary
- Garmin's Q2 2026 revenue reached $2 billion, exceeding expectations.
- The company raised its full-year 2026 guidance for EPS and revenue.
- Garmin stock has significantly outperformed the S&P 500 over the past year.
Garmin Ltd., a global leader in GPS-enabled products, experienced a significant stock increase following its Q2 2026 earnings announcement on July 29, 2026. The company reported revenue of $2 billion, exceeding analyst expectations and contributing to its stock's strong performance.
Garmin also revised its full-year 2026 outlook upwards, projecting an EPS of $10 and revenue of $8.1 billion. For the current year ending in December 2026, analysts anticipate a diluted EPS of $10.08, representing a 17.8% increase. The company has a consistent record of meeting or exceeding consensus estimates over the past four quarters.
Over the past year, Garmin's stock has shown remarkable growth, outperforming both the S&P 500 and the Technology Select Sector SPDR ETF. This upward momentum has continued into 2026, with the stock's performance significantly outpacing market benchmarks. As of August 22, 2026, analysts hold a consensus 'Moderate Buy' rating for Garmin, a positive shift from the 'Hold' rating a month prior.
