Garmin Ltd. (GRMN) will announce its second-quarter 2026 results on July 29, before market open. The Zacks Consensus Estimate forecasts earnings of $2.27 per share, a year-over-year increase of 4.6%, and revenues of $1.93 billion, suggesting 6.4% growth from the previous year.
Key segment estimates include $687.1 million for Fitness (up 13.6% YoY), $492.9 million for Outdoor (up 0.6% YoY), $316.2 million for Marine (up 5.7% YoY), and $271.5 million for Aviation (up 9.2% YoY). However, the Auto OEM segment is projected to decline to $163.2 million, down 4.1% YoY.
Garmin has posted earnings that topped the Zacks Consensus Estimate in the last four quarters, with an average surprise of 10.3%. Current indicators suggest that an earnings beat is uncertain, as Garmin holds a Zacks Rank of 3 (Hold) with an earnings ESP of 0.00%.
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