Garmin Ltd. (GRMN)

Garmin Ltd.’s second fiscal quarter of 2026 beat on both the top and bottom line, with the Point in time segment driving results when the company reported on July 29. Revenue rose 11% to about $2.0 billion, above the $1.93 billion consensus by about 5%, while Point in time generated about $1.9 billion, up 12%; the smaller Over time business grew 1% to about $83 million. EPS of $2.81 topped the $2.30 estimate by about 22% and was up from $2.17 a year ago, while net income climbed 35% to about $542 million from about $401 million a year earlier. Gross margin held near 62% and operating margin was about 30%, with operating income at roughly $616 million and gross profit at about $1.3 billion. Garmin also generated operating cash flow of about $338 million and paid about $202 million in dividends. Consensus for the next period calls for EPS of $2.39 on revenue of $1.98 billion.