Shares of Garmin Ltd. (GRMN) were rising more than 10% in pre-market trading after the technology company reported stronger fourth-quarter results and issued upbeat 2026 guidance.
Net income for the fourth quarter increased to $528.68 million or $2.73 per share from $435.73 million or $2.25 per share a year ago. Excluding items, adjusted earnings were $540.11 million, or $2.79 per share.
Operating income rose 19% year-over-year to $614 million.
Net sales climbed 17% to $2.124 billion.
For 2026, Garmin expects revenue of $7.9 billion, compared with $7.245 billion reported in fiscal 2025. The company forecasts pro forma earnings per share of $9.35, up from $8.56 in 2025.
"2025 was another year of remarkable growth and achievement for Garmin with record consolidated revenue, record revenue in all five of our segments, and record consolidated operating income......Looking forward, we anticipate building on this momentum with many exciting new product launches throughout the year." said Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.
Garmin shares closed at $216.98 on Tuesday, up 1.04%.
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