Garmin posts record Q1 revenue of $1.75B, 14% growth, with 30% rise in operating income.

Garmin reported record first quarter 2026 revenue of approximately $1.75 billion, a 14% increase year-over-year, driven by strong sales in fitness, aviation, marine, and auto OEM segments. Operating income rose 30% to $432 million, with expanded gross and operating margins. The company maintained its full-year 2026 guidance of $7.9 billion revenue and $9.35 pro forma EPS, supported by new product launches and global demand. Garmin also announced a $4.20 per share annual dividend and continued share repurchase program, reflecting strong cash flow and financial health.