Garmin’s fitness and outdoor wearables drive record Q3 revenue

Fueled by double-digit growth in four key divisions, the brand posts $1.99 billion in quarterly revenue

Garmin has capped off a stellar third quarter with record consolidated revenue of $1.99 billion—a 12% year-over-year increase—driven largely by booming demand across its fitness, outdoor, and marine divisions.

Total operating income jumped 34% to a record $612 million, while gross and operating margins expanded to 63.3% and 30.8%, respectively.

The figures were underpinned by major hardware launches across all key segments, leading the company to raise its full-year 2026 revenue guidance to $8.15 billion.

Fitness and outdoor wearables spearhead growth

The fitness segment delivered the biggest return, $694.3 million in revenue—up 16% from the same period last year.

Garmin cited strong consumer demand for sports wearables during its earnings call, including the CIRQA Smart Band, which arrived in July. It also said the division benefited from cycling hardware, including the Edge 1060 bike computer, which features built-in speakers and microphones for hands-free voice control.

Meanwhile, the outdoor segment surged 20% to $597.3 million in revenue, generating $233 million in operating income and a 39% operating margin.

The Fenix 9 and Fenix 9 Pro series launch anchored that momentum, introduced in August with all-titanium cases and the brand's largest borderless AMOLED displays for its flagship adventure watch lineup.

Garmin's report also extended beyond its many land-based wearables into its marine and aviation businesses.

The company's marine division grew 16 percent to $309.9 million and generated $94 million in operating income, with launches such as the LiveScope 2 cited as drivers. Meanwhile, aviation revenue grew 5% to $252.7 million.

With all of the brand's core areas firing, it enters the critical year-end holiday shopping window with huge momentum. While the newly expanded MARQ Gen 3 collection will no doubt drive the Q4 push, we expect—as ever—the more affordable Forerunner, Venu, and Vivoactive devices to prop up revenue. For now, we'll wait and see on that one.