Skip to main content

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.