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Q1: 2026-04-29 Earnings Summary
EPS of $2.08 beats by $0.24
|
Revenue of
$1.75B
(14.23% Y/Y)
beats by $41.19M
Garmin Ltd. (GRMN) Q1 2026 Earnings Call April 29, 2026 10:30 AM EDT
Company Participants
Teri Seck - Director of Investor Relations
Clifton Pemble - President, CEO & Director
Douglas Boessen - CFO & Treasurer
Conference Call Participants
Joseph Cardoso - JPMorgan Chase & Co, Research Division
Alyssa Shreves - Barclays Bank PLC, Research Division
David S. MacGregor - Longbow Research LLC
Benjamin Bollin - Cleveland Research Company LLC
Erik Woodring - Morgan Stanley, Research Division
Ivan Feinseth - Tigress Financial Partners LLC, Research Division
Jordan Lyonnais - BofA Securities, Research Division
Noah Zatzkin - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Garmin Limited First Quarter 2026 Earnings Call. After today's prepared remarks, we will host a question and answer session. [Operator Instructions] I will now hand the conference over to Teri Seck, Director of Investor Relations. Teri, please go ahead.
Teri Seck
Director of Investor Relations
Good morning. We'd like to welcome you to Garmin Limited's First Quarter 2026 Earnings Call. Please note that the earnings press release and related slides are available at Garmin's Investor Relations site on the Internet at www.garmin.com/stock. An archive of the webcast and related transcript will also be available on our website. This earnings call includes projections and other forward-looking statements regarding Garmin Limited and its business. Any statements regarding our future financial position, revenues, segment growth rates, earnings, gross margins, operating margins, future dividends or share repurchases, market shares, product introductions, foreign currency, tariff impacts, future demand for our products and plans and objectives are forward-looking statements.
The forward-looking events and circumstances discussed in this earnings call may not occur, and actual results could differ materially as a result of risk factors affecting Garmin. Information concerning these risk factors is contained in our Form 10-K filed with the Securities
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