Garmin expects annual revenue and profit to exceed Wall Street estimates, driven by sustained demand for its premium wearable and fitness devices.
The company’s shares surged more than 15% in early trading following the announcement, positioning the stock for its strongest single-day performance since October 2024.
Growth was fueled largely by the fitness segment, where revenue jumped 42% in the fourth quarter to approximately $765.8 million. Demand was boosted by recently launched products such as the Venu 4 and Bounce 2 smartwatches.
Garmin continues to expand across multiple markets, including wellness technology, marine systems, and private aviation, demonstrating resilience despite uneven consumer demand globally. Its diversified distribution network and in-house manufacturing capabilities have helped the company adapt to changing market conditions while preserving profitability.
Total fourth-quarter revenue rose 17% to $2.12 billion, surpassing analyst expectations. Adjusted earnings per share also beat forecasts, coming in at $2.79.
Looking ahead to 2026, Garmin projects full-year revenue of $7.9 billion and adjusted earnings of $9.35 per share, both ahead of current analyst estimates.
The outlook underscores the strength of premium wearable technology as consumers increasingly prioritize health tracking and performance-focused devices.
