Garmin (NYSE: GRMN) is a publicly traded Smartwatches & Fitness company founded in 1989 and based in Olathe, United States.
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
Garmin reported record second quarter 2026 revenue of $2.02 billion, up 11% year-over-year. Gross margin expanded 360 basis points to 62.4%, and operating income surged 30% to $616 million with operating margin at 30.4%. GAAP diluted EPS of $2.80 rose 35% versus the prior year, while pro forma diluted EPS of $2.81 grew 29%. All five segments contributed to growth: Fitness led at +25% revenue (64% gross margin, 37% operating margin); Marine grew 14% (61% gross margin, 29% operating margin); Aviation +8%; Outdoor declined 2%; and Auto OEM was flat. Margin expansion was driven by favorable product mix and approximately $21 million in tariff refunds. The company completed acquisitions of TrainingPeaks and TrainHeroic (training platforms) and announced new products including the AXIS cockpit display system, CIRQA Smart Band, and the D2 Mach 2 Pro aviator smartwatch. Based on first-half momentum, Garmin raised full-year 2026 guidance to $8.05 billion revenue and $10.00 pro forma EPS, with expected 59.7% gross margin and 27.0% operating margin.
Full-year 2026: $8.05B revenue, $10.00 pro forma EPS
Google Pixel Watch 5's new GPS algorithms beat Garmin Fenix 8 Pro and Apple Watch Ultra 3 in accuracy testing across New York City.

DC Rainmaker publishes a multi-week accuracy deep-dive comparing Garmin Cirqa, Whoop 5.0, Fitbit Air, Amazfit Helio, and Polar Loop across heart rate, sleep, steps, and calorie metrics.

Garmin launches CIRQA, a $199 screenless fitness tracker for unobtrusive wear.
Garmin's flagship rugged multisport GPS smartwatch line, built for outdoor and adventure athletes. The Fenix watches feature durable titanium and sapphire constructions, multi-band GNSS positioning, full-color topographic mapping, and very long battery life, often extended with solar charging. They track a deep set of activities — trail running, hiking, climbing, skiing, diving, and more — alongside health metrics like heart rate, pulse oximetry, sleep, and training-load and recovery analytics. Positioned at the premium end of the market, the Fenix series is a benchmark for serious outdoor and endurance users who need navigation and resilience away from cities.
Garmin's running- and triathlon-focused GPS watch line, ranging from lightweight entry models to advanced multisport units. Forerunners emphasize accurate GPS pace and distance, structured workouts, and a rich suite of running-dynamics and physiology metrics — VO2 max estimates, training status, recovery time, race predictors, and heart-rate-based effort tracking. Higher-end models add color maps, music storage, and multi-band positioning, while the lineup as a whole is tuned for runners and endurance athletes who want detailed performance data and long battery life in a lighter package than the Fenix.
41 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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