Garmin shares jumped as much as 9.6% in premarket trading after the GPS-device maker delivered a broad beat on second-quarter earnings and raised its full-year outlook. Gross and operating margins were 64% and 37%, respectively, resulting in $277 million of operating income. During the quarter, we launched the Forerunner 70 and Forerunner 170, easy-to-use GPS running smartwatches designed to help runners of all levels reach their goals. In addition, we celebrated Global Running Day and Global Cycling Day with the release of our running and cycling data reports, highlighting how athletes around the world are recording runs and rides. It also highlights a growing divergence within the technology sector: while the AI selloff pressures memory-chip producers and hyperscalers, consumer-device companies with strong demand and earnings momentum continue to outperform.