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Garmin Ltd. (GRMN)

277.03 -0.15 (-0.05%)
At close: September 4 at 4:02:18 PM EDT
277.23 +0.20 (+0.07%)
After hours: September 4 at 7:52:41 PM EDT
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Dividend
GRMN announced a cash dividend of $1.05 with an ex-date of Sep. 11, 2026
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What's happening with GRMN?

26m ago
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Garmin continues to expand its product lineup with new marine and smartwatch offerings, but faces valuation concerns as analysts suggest it may be 2% overvalued. Recent earnings show strong growth, but share prices have seen a 2.6% declinesince the last report.

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  • Previous Close 277.18
  • Open 275.80
  • Bid 277.55 x 30000
  • Ask 277.93 x 30000
  • Day's Range 275.09 - 277.88
  • 52 Week Range 186.67 - 314.28
  • Volume 569,468
  • Avg. Volume 932,309
  • Market Cap (intraday) 53.427B
  • Beta (5Y Monthly) 0.87
  • PE Ratio (TTM) 28.56
  • EPS (TTM) 9.70
  • Earnings Date (est.) Oct 28, 2026
  • Forward Dividend & Yield 4.20 (1.52%)
  • Ex-Dividend Date Sep 11, 2026
  • 1y Target Est 290.29

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 Gramin 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

Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

GRMN
37.70%
S&P 500 (^GSPC)
12.75%

1-Year Return

GRMN
18.48%
S&P 500 (^GSPC)
18.71%

3-Year Return

GRMN
175.81%
S&P 500 (^GSPC)
70.93%

5-Year Return

GRMN
75.10%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 1.75B
Earnings 405.08M
Profit Margin 23.10%

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
500M
1B
2B
2B
22.5%
23.0%
23.5%
24.0%
24.5%

Analyst Insights

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Top Analyst

Tigress Financial
61/100
Latest Rating
Strong Buy

Analyst Price Targets

220.00 Low
290.29 Average
277.03 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
As of 9/2/2026
  • Market Cap

    53.24B

  • Enterprise Value

    50.75B

  • Trailing P/E

    28.49

  • Forward P/E

    24.04

  • PEG Ratio (5yr expected)

    2.93

  • Price/Sales (ttm)

    6.97

  • Price/Book (mrq)

    5.90

  • Enterprise Value/Revenue

    6.62

  • Enterprise Value/EBITDA

    21.95

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)

    9.70

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.67B

  • Total Debt/Equity (mrq)

    2.51%

  • Levered Free Cash Flow (ttm)

    1.04B

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Company Insights

Fair Value

277.03 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Lowering target price to $303.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $303.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $317.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $317.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $327.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $327.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Raising target price to $341.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $341.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target

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