On July 29, Garmin rose 9.6% in pre-market trading, trading at $273.2 per share, with turnover of approximately $178,000.

On the news front, Garmin released updated fiscal year guidance before the market open, raising its full-year gross margin forecast from 58.5% to 59.7%, significantly exceeding the market consensus estimate of 58.8%. The upward revision aligns with the company's first-quarter gross margin of 59.4%, signaling sustained profitability improvement. In Q1, adjusted earnings per share came in at $2.08, beating the analyst consensus of $1.82 by approximately 14%, while revenue of $1.753 billion also surpassed the $1.721 billion estimate, representing a 29% year-over-year EPS increase. The above-consensus margin guidance directly bolstered investor confidence in full-year earnings potential, driving the sharp pre-market advance.

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