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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Garmin (GRMN) is 8/10.
Revenue grew 14% to $1.75 billion with pro forma EPS of $2.08, up 29%, as Fitness wearables drove another record Q1 with 42% growth. Aviation accelerated to 18% growth across OEM and aftermarket, and Marine grew 11% with new product success. Operating income surged 30% to $432 million, and management maintained FY2026 guidance per its typical Q1 practice while tariff and component cost headwinds continued building.
Scored from Garmin’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.82B | +22.9% | $2.25 | -20.2% | 59.3% | 28.3% | 23.9% | $399M |
| FY2025 Q1 | $1.54B | +11.1% | $1.72 | +20.3% | 57.6% | 21.7% | 21.7% | $381M |
| FY2025 Q2 | $1.81B | +20.4% | $2.07 | +32.7% | 58.8% | 26.0% | 22.1% | $127M |
| FY2025 Q3 | $1.77B | +11.7% | $2.08 | +0.5% | 59.1% | 25.8% | 22.7% | $425M |
| FY2025 Q4 | $2.12B | +16.6% | $2.73 | +21.3% | 59.2% | 28.9% | 24.9% | $430M |
| FY2026 Q1 | $1.75B | +14.2% | $2.09 | +21.5% | 59.4% | 24.6% | 23.1% | $469M |
| FY2026 Q2 | $2.02B | +11.4% | $2.80 | +35.3% | 62.4% | 30.4% | 26.8% | $210M |