Garmin's quarterly earnings preview

What happened: Garmin Ltd (GRMN) reported strong Q2 2026 results, with earnings of $2.80 per share, up from $2.07 last year. Revenue grew 14% to a record $1.75 billion, driven by robust demand for advanced wearables and double-digit growth in three of its five segments. The company raised its full-year outlook, citing broad-based strength across its businesses. Garmin shares jumped 9.6% in premarket trading following the earnings release.

Market impact: The GPS-device maker's broad-based growth and raised guidance boosted investor confidence, driving up Garmin's stock price. This positively impacted other companies in the wearable technology and GPS-enabled electronics sectors, such as Fitbit and TomTom. The strong performance also reinforced the trend of increasing consumer demand for fitness and outdoor activity tracking devices.

What to watch next: Garmin's Q3 2026 earnings call on August 3, 2026, will provide further insight into the company's performance and guidance. Additionally, the release of Garmin's new products, such as the rumored Marq series, could drive further growth and impact the company's stock price. Lastly, the outcome of Garmin's ongoing patent dispute with Apple, scheduled for a court decision in Q4 2026, may also influence the narrative around Garmin's growth prospects.