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Garmin Ltd. (GRMN)

274.29 -15.05 (-5.20%)
As of 2:20:43 PM EDT. Market Open.
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GRMN Q3 2026 earnings call
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18m ago
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Garmin delivered a strong third quarter, with adjusted EPS of $2.76and revenue of $1.99 billion. Management raised 2026 guidance to approximately $8.15 billion in revenueand $10.80 in adjusted EPS, while fitness and outdoor products led growth. The current regular-session change is down 4.96% as of October 28, 2026, despite favorable earnings results.

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  • Previous Close 289.34
  • Open 283.14
  • Bid 274.82 x 20000
  • Ask 275.78 x 10000
  • Day's Range 265.46 - 295.73
  • 52 Week Range 186.67 - 314.28
  • Volume 1,306,393
  • Avg. Volume 891,453
  • Market Cap (intraday) 52.898B
  • Beta (5Y Monthly) 0.83
  • PE Ratio (TTM) 28.31
  • EPS (TTM) 9.69
  • Earnings Date Oct 28, 2026
  • Forward Dividend & Yield 4.20 (1.45%)
  • 1y Target Est 306.71
  • Morningstar Rating Rating available with Stock Picks access

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Garmin Response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

www.garmin.com

23,000

Full Time Employees

December 27

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

GRMN
36.87%
S&P 500 (^GSPC)
12.85%

1-Year Return

GRMN
12.39%
S&P 500 (^GSPC)
12.10%

3-Year Return

GRMN
189.54%
S&P 500 (^GSPC)
87.62%

5-Year Return

GRMN
110.48%
S&P 500 (^GSPC)
68.06%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 1.99B
Earnings 541.66M
Profit Margin 27.27%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
2B
24.0%
25.0%
26.0%
27.0%

Analyst Insights

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Analyst Price Targets

231.00 Low
306.71 Average
274.29 Current
370.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/6/2026
Analyst Tigress Financial
Rating Action Maintains
Rating Strong Buy
Price Action Raises
Price Target 325 -> 370

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    24.47%

  • Return on Assets (ttm)

    12.17%

  • Return on Equity (ttm)

    21.89%

  • Revenue (ttm)

    7.67B

  • Net Income Avi to Common (ttm)

    1.88B

  • Diluted EPS (ttm)

    9.69

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.67B

  • Total Debt/Equity (mrq)

    2.51%

  • Levered Free Cash Flow (ttm)

    1.04B

Company Insights

Research Reports

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