Garmin beats by $0.24, beats on revs; reaffirms FY26 EPS guidance, revs guidance
- Reports Q1 (Mar) earnings of $2.08 per share, excluding non-recurring items, $0.24 better than the FactSet Consensus of $1.84; revenues rose 14.0% year/year to $1.75 bln vs the $1.72 bln FactSet Consensus.
- Gross and operating margins expanded to 59.4% and 24.6% respectively, compared to the prior year quarter.
- Co reaffirms guidance for FY26, sees EPS of $9.35, excluding non-recurring items, vs. $9.40 FactSet Consensus; sees FY26 revs of $7.9 bln vs. $7.99 bln FactSet Consensus.