Feb. 18 at 8:56 PM
Garmin’s stock jumped sharply after reporting strong Q4 earnings and issuing an optimistic 2026 forecast. Adjusted earnings of
$2.79 per share topped analyst expectations of
$2.40, while revenue rose 17% to
$2.12 billion, above the anticipated
$2.02 billion. Looking ahead, Garmin projects
$9.35 per share in earnings and
$7.9 billion in revenue for 2026, exceeding analyst estimates and signaling robust growth.
The company’s fitness segment led revenue at
$765.8 million, reflecting strong demand for its smartwatches and fitness trackers, which compete with Apple’s wearable products. Other growth drivers include investments in automotive and marine segments, such as the 2023 acquisition of speaker and subwoofer maker JL Audio.
Investor confidence was further boosted by Garmin’s proposed 17% dividend increase to
$1.05 per quarter. Supply chain improvements and normalized component availability have also enhanced production efficiency and sales momentum.
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