Garmin Fitness Soars 42% but Outdoor Division Signals Trouble

Record Q1 2026 revenue and a 29% EPS jump weren't enough to impress Wall Street — shares dipped as the Outdoor segment posted a second consecutive weak quarter and guidance stayed flat. The Fitness side is clearly surging, but softness around the Fenix/Enduro lineup suggests a product refresh may be overdue. For endurance athletes, that likely means new Outdoor hardware is on the horizon — hold off on big purchases if you can.