Garmin reported Q3 adjusted EPS of $2.76, beating the $2.41 consensus, on revenue of $1.99 billion, in line with estimates. The company raised its full-year 2026 guidance to adjusted EPS of $10.80 on revenue of $8.15 billion, above analyst expectations. Growth was led by adventure watches and fitness wearables. Despite the beat and raise, Garmin stock fell 5.8% to $272.51, breaking below its 50-day moving average in heavy trading.
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