Overview
- Garmin's Q2 revenue rose 14% year-over-year to $1.51 billion, surpassing analyst estimates of $1.42 billion.
- Earnings per share reached $1.58, beating the consensus estimate of $1.40.
- Fitness segment revenue increased by 28%, driven by advanced wearables.
- Auto OEM revenue grew by 41% due to high demand for domain controllers.
- Despite strong overall performance, outdoor revenue declined by 2% and aviation revenue remained flat.