Garmin Rides Very Strong Q1 Fitness Segment Growth to Strong DD Earnings Increase

April 29, 2026

Garmin Ltd. President and CEO Cliff Pemble said Wednesday morning that the electronics maker for the fitness, outdoor, marine and aviation markets achieved “remarkable financial results” during the opening quarter of 2026. He said the trend for the quarter was a continuation of the positive trends they have been experiencing over the long term.

“This strong financial performance is a direct reflection of our impressive lineup of products that are essential to our customers’ lives, and our unique, highly diversified business model. We are very pleased with our results so far, and we look forward to the opportunities ahead as the year continues to unfold,” Pemble offered.

The company reported record consolidated revenue of approximately $1.75 billion in Q1, a 14 percent increase compared to the prior-year first quarter, paced by an amazing 42 percent jump in revenue in the Fitness category. SGB MEDIA