Garmin stock faces holiday test after record quarter and higher outlook

Garmin reported record operating results for the quarter ended September 26, 2026, and raised its full-year outlook. In its third-quarter release, the company said consolidated revenue rose 12 percent year over year to 1.986 billion US dollars, while operating income increased 34 percent to 612 million US dollars.

What changed since the latest report

Garmin stock traded at 255.75 euros on Lang & Schwarz at 17:31 CET on Tuesday, November 10, 2026. That is 1.67 percent below the 260.10-euro quote at 12:06 CET cited in the latest same-day report, a move that qualifies this second main-value edition while remaining separate from an Xetra daily comparison.

Growth raises the execution bar

The company lifted its 2026 revenue outlook to 8.15 billion US dollars and its pro forma diluted earnings-per-share outlook to 10.80 US dollars. Garmin now assumes a full-year gross margin of 61.0 percent, an operating margin of 29.0 percent and a tax rate of 16.5 percent.

Fitness, Outdoor, Marine and Aviation provided broad support for the quarter, according to the company release. Auto OEM remained the weak spot, with revenue down 20 percent and an operating loss of 11.9 million US dollars in the segment.

Memory costs remain a margin risk

Third-quarter margin expansion benefited from product mix, lower product costs and about 33 million US dollars in refunds of previously paid tariffs. Management has also warned that higher memory costs will become more visible as lower-cost inventory is replaced, putting the holiday quarter and 2027 margins under closer scrutiny.

The broader US market backdrop is available through current S&P 500 market reports.

More news and analyses on Garmin stock will track holiday demand, input-cost pressure and execution against the raised targets.