By Mackenzie Tatananni
Garmin stock spiked in premarket trading Wednesday after the maker of smartwatches and navigation tools posted strong fourth-quarter earnings and issued an upbeat forecast for 2026.
Quarterly adjusted earnings of $2.79 a share topped analysts' calls for $2.40. Revenue climbed 17% to $2.12 billion, surpassing the $2.02 billion Wall Street had anticipated.
The company's 2026 outlook also blew past consensus views. Garmin sees pro-forma earnings of $9.35 a share; analysts tracked by FactSet were expecting $8.78. The company guided for $7.9 billion in revenue for 2026, above calls for $7.7 billion.
Shares surged 11% following the report. Coming into Wednesday, Garmin stock had risen nearly 7% in 2026. Both the tech-heavy Nasdaq Composite and rival Apple, which makes competing wearable products, had fallen 2.9% over the same period.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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February 18, 2026 07:29 ET (12:29 GMT)
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