Garmin raises 2026 outlook as third-quarter profit beats and sales fall short
Its board also set the next quarterly dividend at $1.05 per share.
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Garmin raised its full-year 2026 outlook after reporting third-quarter results. Profit beat expectations, but sales came in below them.
Earnings per share (EPS, the profit made on each share) came to $2.76 for the quarter, $0.31 above expectations. Revenue was $1.99B, against $2.03B expected.
Garmin now expects full-year revenue of approximately $8.15B and pro forma EPS of $10.80.
Cliff Pemble, President and CEO, said record results and strong momentum entering the holiday selling season supported the decision to raise the outlook.
The board set the next quarterly dividend at $1.05 per share. It is payable on December 24, 2026, to shareholders of record on December 11, 2026.
The raised targets come alongside a sales shortfall in the quarter. For income-focused holders, December 11 is the near-term date to track.
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