Garmin reported on Wednesday that it soared to 2.02 billion in second quarter revenue — its best ever — on record sales with its sixth straight quarter of year-over-year growth that was again led by fitness products.
The company saw an 11 percent jump over the same period last year and posted record operating income of $616 million with wearables continuing to be a crucial part of Garmin’s deep roster of product categories.
“We delivered another quarter of outstanding financial results with double-digit revenue growth and robust margin expansion, which resulted in record revenue and operating income,” Garmin president and CEO Cliff Pemble said. “Each business segment contributed to these impressive results. Our performance in the first half of 2026 was very strong giving us confidence to raise our full year 2026 consolidated revenue and EPS guidance.”
Over the same period last year, fitness revenue jumped 25 percent at $757 million, while the marine segment is up 14 percent at $341 million, aviation rose 8 percent at $269 million, auto OEM was flat at $172 million at just 1 percent while outdoor saw a slight dip at 2 percent at $483 million.
Fitness saw the launch of the Forerunner 970, 570, 170 and 70 models that have been strong sellers with runners and the segment will likely get an extra jolt from the recently released Cirqa tracking band that does not have a screen and faces off against the Google Fitbit Air and Whoop.
In the marine segment, Garmin’s launch of the Signal VHF marine radios helped push the category to its 14 percent jump with new features, like a color screens that increase communication over large bodies of water while the next generation of the LiveScope real-time sonar scanner makes it easier for fishermen to see fish and bait underwater in better detail.
Aviation was up 8 percent in the quarter from OEM and aftermarket categories as Garmin avionics, GPS systems and flight displays continues to be a staple in the industry across large planes business jets, helicopters and government aircrafts
Meanwhile, Garmin said its automotive segment was flat on just 1 percent increase, with domain controller computers continuing to rise in vehicle integration to manage specific vehicle areas like advanced driver assistance systems, infotainment and chassis control programs.
In the outdoor segment a 2 percent slide came in what Garmin describes as slower sales in watches and consumer auto specific to the category.
The company has also raised its full year guidance to $8.05 billion revenue for 2026, which is up from the $7.9 billion projected in the first quarter with gross margin at nearly 60 percent and operating margin ay 27 percent.
Garmin also used the quarter to boost its fitness portfolio and announced that it acquired TrainingPeaks and TrainHeroic platforms from Peaksware Holdings in a move to expands its coaching, training and endurance offerings. The company is clearly betting on software to back up its crowed — but strong — wearables roster and the countdown begins to reveal when the technology from both platforms will eventually be integrated into a revamped version the Garmin Connect hub.
