Garmin Q3 Earnings: 3 Key Takeaways for Long-Term Investors
Key PointsFull-year 2026 EPS guidance increased from $10.00 to $10.80 per share.
Three key takeaways emerged from Garmin's Q3 2026 earnings call on October 28, 2026. First, the company raised its full-year revenue guidance to $8.15 billion from $8.05 billion. This growth is attributed to premium product momentum and expanding hardware margins in fitness and outdoor segments. Second, surging memory component prices are creating a profitability headwind, but Garmin plans to mitigate this impact through operational scale and vertical integration, which involves controlling its own manufacturing and supply chain.
Lastly, Garmin's Garmin Connect Plus subscription service is expanding faster than core device categories, indicating high engagement and high-margin recurring revenue potential. This expansion, combined with holiday demand building in fitness and outdoor segments, positions Garmin for record full-year execution.
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