Garmin shares jump after company issues upbeat annual forecast on robust wearable sales
Garmin shares jumped today as the firm issued a strong annual forecast. High wearable demand is expected to push 2026 revenue to nearly eight billion dollars.
Insights:
Garmin Ltd. announced today, February 18, 2026, that it expects full-year 2026 revenue and adjusted earnings to significantly exceed Wall Street estimates. The company's forecast, driven by robust demand for high-end wearables and fitness products, sent shares up approximately 13% in premarket trading. Garmin issued a revenue guidance of $7.9 billion for the fiscal year, surpassing the $7.63 billion projected by analysts. The company also anticipates adjusted earnings per share of $9.35, well above the consensus estimate of $8.70.
The optimistic outlook follows quarterly results that also topped expectations. For the fourth quarter, Garmin reported revenue of $2.12 billion, beating the $2.02 billion forecast by analysts. A primary driver of this performance was the fitness segment, where revenue surged 42% to approximately $765.8 million. This growth highlights an outsized contribution from the fitness/wearables segment, a market where Garmin operates alongside other technology firms such as Apple Inc. and Samsung Electronics Co., Ltd. .
