Garmin beats by $0.51, beats on revs; raises FY26 EPS above consensus, revs above consensus (253.65)
- Reports Q2 (Jun) earnings of $2.81 per share, excluding non-recurring items, $0.51 better than the FactSet Consensus of $2.30; revenues rose 11.4% year/year to $2.02 bln vs the $1.93 bln FactSet Consensus.
- Co issues upside guidance for FY26, sees EPS of approximately $10.00, excluding non-recurring items, vs. $9.67 FactSet Consensus and vs. $9.35 prior guidance; sees FY26 revs of approximately $8.05 bln vs. $8.01 bln FactSet Consensus and vs. $7.9 bln prior guidance.