India, July 29 -- Technology company Garmin Ltd (GRMN), while reporting higher second-quarter results, on Wednesday raised fiscal 2026 outlook for proforma earnings and revenues, citing strong year-to-date performance and positive outlook for the remainder of the year.
In the early morning trading on the NYSE, the shares were gaining around 13.08 percent, trading at $286.98.
Looking ahead for fiscal 2026, the company now anticipates pro forma earnings per share of $10.00 on revenue of approximately $8.05 billion.
The company previously expected pro forma earnings per share of $9.35 on around $7.9 billion revenue.
Gross margin for the year is expected to be 59.7 percent and operating margin would be 27.0 percent.
Further, the company no...