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Garmin (GRMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Garmin (GRMN - Free Report) reported $2.02 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 11.4%. EPS of $2.81 for the same period compares to $2.17 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.93 billion, representing a surprise of +4.73%. The company delivered an EPS surprise of +23.79%, with the consensus EPS estimate being $2.27.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Garmin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Marine: $341.37 million versus $316.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
Net Sales- Aviation: $268.75 million versus the three-analyst average estimate of $271.51 million. The reported number represents a year-over-year change of +7.8%.
Net Sales- Fitness: $756.82 million versus $687.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25% change.
Net Sales- Outdoor: $482.74 million versus the three-analyst average estimate of $492.9 million. The reported number represents a year-over-year change of -1.6%.
Net Sales- Auto OEM: $172.41 million versus $163.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
Operating income (loss)- Outdoor: $163.58 million versus the three-analyst average estimate of $154.91 million.
Operating income (loss)- Fitness: $277.04 million versus $204.38 million estimated by three analysts on average.
Operating income (loss)- Marine: $99.85 million versus the three-analyst average estimate of $64.74 million.
Operating income (loss)- Auto OEM: $2.87 million versus $-4.94 million estimated by three analysts on average.
Gross profit- Fitness: $480.72 million versus $412.33 million estimated by three analysts on average.
Gross profit- Marine: $208.96 million versus $182.52 million estimated by three analysts on average.
Gross profit- Aviation: $201.97 million compared to the $190.76 million average estimate based on three analysts.
Shares of Garmin have returned +6.8% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Garmin (GRMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Garmin (GRMN - Free Report) reported $2.02 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 11.4%. EPS of $2.81 for the same period compares to $2.17 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.93 billion, representing a surprise of +4.73%. The company delivered an EPS surprise of +23.79%, with the consensus EPS estimate being $2.27.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Garmin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Garmin here>>>
Shares of Garmin have returned +6.8% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.