OLATHE, Kan. (BRAIN) — Garmin recorded record consolidated revenue in the third quarter with a 12% year-over-year increase. Its Fitness segment, which includes cycling products, posted a 16% rise in revenue.
Overall revenue for the quarter ending Sept. 26 was $1.99 billion, compared with $1.77 billion at the same time last year. Year-over-year Fitness revenue was $694 million, up from $601 million.
Garmin recently announced its next-generation of Edge cycling computers; the Edge 1060 features a built-in microphone and speaker for voice-control capabilities.
"We achieved another quarter of record operating results driven by strength across markets and product categories, with meaningful contributions from recently launched products," said Cliff Pemble, president and CEO. "Our results were further enhanced by strong operational execution resulting in record consolidated gross margin and impressive operating profit leverage. We are raising our 2026 outlook based on the results we have achieved so far and the momentum we are experiencing as we enter the important holiday selling season."
Garmin now anticipates revenue of about $8.15 billion.
Year-over-year net income for the second quarter increased 34.7%, from $401.6 million to $541.6 million, and earnings per share increased from $2.09 to $2.81.
Garmin's corporate headquarters is in Olathe. Its stock is traded on the NASDAQ under the GRMN symbol. Stock quotes are available at Marketwatch.com.
