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Morningstar

Morningstar

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Oct 28, 2026

Garmin Ltd.: Garmin Earnings: Strong Results Support Higher FVE, but Growth Expectations Look Demanding

Symbols

GRMN

Sector(s)

Technology

Rating

Current Price

272.51

Fair Value

Economic Moat

Stewardship

Summary

Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company’s

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Analyst Profile

Eric Compton

Equity Analyst

Eric Compton, CFA, is an equity analyst for Morningstar Research Services LLC, covering the U.S. and Canadian banking sectors, including the U.S. money center banks, U.S. regional banks, and the Big Six Canadian banks.Before joining Morningstar in 2015, Compton was a business analyst for ESIS, a global provider of risk management products and a subsidiary of ACE Group. Compton holds a bachelor's degree in applied health science from Wheaton College. He has passed all three levels of the Chartered Financial Analyst® program and holds the Chartered Financial Analyst® designation.

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