Garmin raised its full-year sales and profit outlook after fiscal second-quarter earnings crushed Wall Street estimates. Revenue rose 11% year over year to $2 billion, driven by a 25% jump in fitness revenue to $757 million and a 14% increase in marine sales to $341 million. Adjusted earnings per share climbed 29% to $2.81, well above the $2.29 consensus. Management now expects full-year revenue of $8.05 billion and adjusted earnings of $10 per share, up from a prior forecast of $7.9 billion and $9.35. CEO Cliff Pemble said the fitness segment is expected to be the strongest contributor to 2026 consolidated growth.
Garmin LtdGarmin raised full-year guidance and beat Q2 earnings estimates, driven by strong fitness and marine revenue growth.