US Stock Market Moves: Garmin Plunges on October 28 as Fitness Revenue Misses Expectations and Automotive OEM Declines
Bitget异动解读2026/10/28 15:25Garmin October 28: Analysis of Major Drop
Keywords: Fitness revenue below expectations, Automotive OEM decline
On October 28, 2026, Garmin released its Q3 financial results. Revenue was slightly below market expectations; fitness business revenue missed expectations, automotive OEM revenue dropped 20% year-on-year and did not meet forecasts, and aviation business revenue also fell short of expectations. Although adjusted EPS exceeded expectations and full-year guidance was raised, some business segments remained weaker than anticipated.
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