Garmin Exceeds Q2 Expectations, Raises Full-Year Forecast

Strong performance in fitness and auto segments drives revenue growth; outdoor and aviation units show mixed results.

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.