Garmin Q1 2026 Results Show Revenue Growth and Margin Expansion
Garmin Ltd. reported record financial results for Q1 2026, with revenue reaching approximately $1.75 billion, a 14% increase year over year.
Operating income rose to $432 million, up 30%, while gross margin expanded to 59.4% and operating margin to 24.6%. Earnings per share stood at $2.09 on a GAAP basis and $2.08 on a pro forma basis, reflecting a 29% increase compared to the prior year.
The company also released its 2025 Garmin inReach SOS Report, highlighting the role of its devices in emergency communication and response in remote environments.
In addition, the Fenix 8 Pro was recognized as the “Best Connected Device” at Mobile World Congress 2026.
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