GRMN

Garmin reported third quarter 2026 sales of US$1,986.08 million and net income of US$541.66 million, then raised full year revenue guidance to about US$8.15b while signalling continued pressure in domain controllers and Auto OEM.

Garmin has delivered a strong multi‑year share price run and fresh record results, so the key issue now is whether the current US$272.67 tag still lines up with the cash the business is expected to produce.

Garmin (GRMN) just paired a strong Q3 2026 earnings release with higher full year guidance, even as it flags softer automotive domain controller demand and rising memory costs as near term pressure points.

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GRMN raises its 2026 outlook on record Q3 results and strong wearables demand, but rising memory costs and margin pressures cloud its 2027 prospects.

Many feared that Garmin was about to implode.

Garmin just reported Q3 2026 and the headline looks clean. Revenue landed at about US$2.0b with pro forma earnings per share of US$2.76 and gross margin near 63%. Yet the stock dropped almost 6% on the day. That is sentiment running hotter than the numbers.

Garmin beat Wall Street’s target for earnings in the third quarter and matched views on sales. But Garmin stock fell.

Garmin Connect Plus software subscriptions are outpacing hardware growth, helping to cushion margin pressure ahead.

Garmin boosted 2026 guidance, but investors focused on one other comment from management.

SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — Garmin Ltd. (GRMN) on Wednesday reported third-quarter earnings of $541.