Garmin Ltd.

(New York Stock Exchange)

Top News rankings and signal summaries are processed using AI and may contain errors.

1
Bullish +75

Garmin Q1 Earnings Call Highlights

AI-generated analysis

Garmin Ltd. (NYSE: GRMN) reported record first-quarter 2026 results with consolidated revenue rising 14% year over year to $1.75 billion, driven primarily by strong performance in the fitness and wearables segment. Revenue from fitness products jumped 42% to $547 million, a new quarterly record fueled...

Bullish Signals

  • Consolidated revenue rose 14% to $1.75B record.
  • Operating income jumped 30% to $432M.
  • Pro forma EPS surged 29% to $2.08.
  • Management reaffirmed full-year guidance amid strength.
  • Fitness revenue hit a new record of $547M.
  • Cash and free cash flow totaled $4.3B and $469M.
  • Capital returned via $174M dividends and $40M buybacks.
  • Aviation revenue grew 18% to $264M.
  • Marine revenue increased 11% to $355M.
  • New products drive strong wearable demand.

Bearish Signals

  • Tariffs and component pressures could weigh on margins through 2027.
  • Outdoor revenue fell 5% YoY against a strong prior quarter.
  • Geopolitical risks in Marine lack concrete mitigation or specific plans.
  • Full-year guidance limits room for error despite low seasonal Q1.
  • Marine gross margin compressed due to higher tariff costs.
2
Bullish +72

Garmin Ltd. stock gains 2.21 percent near its yearly high

Earnings report AI-generated analysis

Garmin Ltd. shares advanced 2.21% to close at USD 280.13 on September 21, 2026, trading near its yearly high of USD 314.28. The stock has gained 38.2% year-to-date since opening the year at USD 202.69, reflecting strong market performance despite remaining below its 52-week peak...

Bullish Signals

  • Stock gained 2.21% to close at USD 280.13.
  • July EPS beat estimates by USD 0.51 (22.17%).
  • Revenue grew 11.4% year-over-year, supporting valuation.
  • Analyst price target implies 10.72% upside potential.
  • Trading above 50-day and 200-day moving averages.
3
Bullish +75

Garmin posts upbeat quarterly results as demand for premium wearables holds up

AI-generated analysis

Garmin reported strong first-quarter results, beating Wall Street expectations for revenue and adjusted earnings per share, driven by robust demand for its premium fitness wearables alongside steady growth in aviation and marine sectors. The company's total revenue for the quarter ended March 28 reached $1.75...

Bullish Signals

  • Revenue hit $1.75 billion, beating estimates by 3%.
  • Adjusted profit reached $2.08 per share versus $1.82 expected.
  • Fitness segment revenue surged 42% on strong wearable demand.
  • Airaviation unit grew 18% despite broader market weakness.
  • Premium products cushioned against Apple and Samsung competition.

Bearish Signals

  • Intense competition from Apple and Samsung.
  • Success depends on pressured discretionary spending.
  • Consumer electronics weakness risks overall performance.
  • Premium focus limits appeal in poor economies.
4
Very Bullish +80

Fitness sales leads Garmin's record Q1 revenue growth

AI-generated analysis

For the quarter ending March 28, Garmin Ltd. reported record first-quarter revenue of $1.75 billion, marking a 14% year-over-year increase from $1.54 billion in the prior period. This growth was primarily driven by its Fitness segment, which includes cycling products, posting a significant 42% surge...

Bullish Signals

  • Garmin Ltd. achieved record first-quarter revenue of $1.75 billion, representing a 14% year-over-year increase driven by strong segment performance.
  • The Fitness segment led growth with revenue surging 42% from $385 million to $547 million, fueled by new product launches like the Varia RearVue 820 radar light for cyclists.
  • Operating income hit a record high of $432 million, marking a 30% increase compared to the prior year quarter and demonstrating strong profitability.
  • Net income grew 21.6% year-over-year from $333 million to $405 million, while earnings per share increased from $1.73 to $2.10.
  • Management reaffirmed its fiscal year 2026 revenue guidance of approximately $7.9 billion, signaling confidence in sustained top-line growth.

Bearish Signals

  • Outdoor segment sales dipped 5% year-over-year, falling from $438 million to $418 million, indicating weakness in a key product line despite overall revenue growth.
  • The company maintained its fiscal year 2026 guidance of about $7.9 billion revenue, which could be challenging if the underperforming Outdoor segment continues to decline or if competitors capture market share in the Fitness category.
5
Bullish +65

Garmin stock enters holiday quarter with higher outlook amid cost risks

Earnings report Guidance raised Product launch AI-generated analysis

Garmin Ltd. reported record third-quarter results for the period ended September 26, 2026, with consolidated revenue reaching $1.99 billion, representing a 12% increase from the prior-year quarter. Operating income surged by 34% to $612 million, driven by an improved product mix, lower product costs, and...

Bullish Signals

  • Revenue hit $1.99B, up 12% YoY.

Bearish Signals

  • Rising material prices threaten Q4 and 2027 margins.
  • Higher component costs will reduce future profitability.
  • Component cost inflation is a key earnings risk.
6
Bullish +65

Garmin stock faces holiday test after record quarter and raised outlook

Earnings report Guidance raised AI-generated analysis

Garmin Ltd. reported record third-quarter results for the period ended September 26, 2026, with consolidated revenue rising 12 percent year over year to $1.986 billion. Operating income surged 34 percent to $612 million, driven by a gross margin expansion to 63.3 percent from 59.1 percent....

Bullish Signals

  • Q3 revenue hit record $1.986B, up 12%.
  • Operating income surged 34% to $612M.
  • Raised full-year guidance to $8.15B.
  • Pro forma EPS guidance increased to $10.80.
  • Fitness revenue grew 16% to $694.3M.

Bearish Signals

  • Auto OEM revenue fell 20% to $131.9M.
  • Auto OEM segment posted an $11.9M loss.
  • Memory costs may further hurt margins and guidance.
7
Bullish +65

Garmin stock trades above Xetra close after higher 2026 outlook

Earnings report Guidance raised AI-generated analysis

Garmin Ltd. reported record third-quarter operating results, driving a significant revision to its full-year 2026 outlook following strong performance in its core businesses. The company announced consolidated revenue of $1.99 billion for the quarter ended September 26, representing a 12% year-over-year increase, while operating income...

Bullish Signals

  • Q3 revenue hit record $1.99B, up 12% YoY.
  • Operating income surged 34% to $612M.
  • Raised full-year 2026 guidance to $8.15B.
  • Raised FY2026 EPS guidance to $10.80.
  • Outdoor segment grew 20% to $597.3M.

Bearish Signals

  • Auto revenue fell 20% to $131.9M with $11.9M loss.
  • Rising memory costs threaten holiday season profitability margins.
  • Q3 margin relief masks higher underlying cost pressures.
8
Bullish +65

Guidance Raise And Momentum – Garmin Stock Has Both - Trefis

Earnings report Guidance raised AI-generated analysis

Garmin (GRMN) raised its fiscal 2026 revenue forecast to $8.05 billion and pro forma earnings per share to approximately $10 following the release of second-quarter results on July 29, 2026. The company's operating margin expanded significantly to 30.4% from 26.0% a year prior, driven by...

Bullish Signals

  • Raised fiscal 2026 revenue forecast to $8.05 billion and EPS to $10.

Bearish Signals

  • Higher memory costs will impact gross margins in H2.
  • Valued at 29.9x earnings vs S&P 500's 23.0x.
  • Slower Q3/Q4 growth pressures meeting raised guidance.
9
Bullish +75

Arete starts coverage of Garmin Ltd stock with a USD 335.00 target

Accreditation Product launch Regulatory approval AI-generated analysis

Arete Research initiated coverage of Garmin Ltd with a Buy rating and a USD 335.00 price target, citing recent operational milestones that validate the company's growth trajectory. The analyst call highlights significant progress in the aviation sector, specifically noting that the Autoland system has surpassed...

Bullish Signals

  • Arete Research initiated Buy with $335 target.
  • Q2 2026 revenue rose 11.4% to $2.02B.
  • Q2 2026 EPS reached $2.80, showing efficiency.
  • Autoland equipped 2,500+ aircraft across 15 models.
  • Garmin delivered 1,000th King Air retrofit.
10
Bullish +65

Garmin Enduro 4: Officially Launched - Price & Full Specs (2026)

Product launch AI-generated analysis

Garmin has officially launched the Enduro 4 smartwatch, priced at $899.99 in the US with availability starting October 9. The device is positioned as a '3.5' generation refresh rather than a full hardware overhaul, retaining the same case and MIP display as its predecessor while...

Bullish Signals

  • Enduro 4 adds Epic software for ultra-endurance race planning.
  • Internal storage doubled from 32GB to 64GB.
  • Maintains industry-leading 90-day battery life with solar charging.
  • New ComfortFit straps offer more wrist customization.

Bearish Signals

  • Lacks built-in satellite messaging; requires separate InReach purchase.
  • Hardware identical to Enduro 3; no AMOLED option.
11
Bullish +65

Garmin Ltd. stock gains support from new GPS launch and strong analyst targets

AI-generated analysis

Garmin Ltd. stock is trading near USD 274 on the New York Stock Exchange as of September 9, 2026, showing a modest intraday decline of 0.55 percent against the prior close. Analysts on Yahoo Finance maintain a consensus average revenue forecast of USD 8.1 billion...

Bullish Signals

  • FY2026 revenue forecast at USD 8.1B with 11.7% growth.
  • Consensus EPS for 2026 is USD 10.13, up 18.3%.
  • Q3 2026 EPS expected at USD 2.38, a 19.6% rise.
  • Tigress Financial raised price target to USD 370 with Strong Buy.
  • New Garmin Drive navigators boost momentum in navigation market.
12
Bullish +75

Garmin Cirqa And Forerunner Under Spotlight At Garmin Earnings Call

AI-generated analysis

Garmin reported strong Q2 2026 financial results, driving its stock price to new highs of $294 per share. The company's fitness division saw a significant 25% year-over-year increase in net sales revenue, while aviation and marine segments grew by 8% and 14% respectively. Only the...

Bullish Signals

  • Stock price hit new highs at $294 per share.
  • Fitness division net sales revenue grew 25% year-over-year.
  • Aviation and marine segments saw 8% and 14% growth.
  • Forerunner models offer high-end stats for just $249.99.
  • Cirqa provides rich features without needing a subscription.

Bearish Signals

  • Outdoor/adventuring segment revenue contracted 2% year-over-year.
  • Cirqa wearable unavailable; 5-8 week wait expected.
13
Bullish +65

Analysts Set Garmin Ltd. (NYSE:GRMN) PT at $269.40

AI-generated analysis

Wall Street analysts have set an average price target of $269.40 for Garmin Ltd. (NYSE:GRMN), with a consensus recommendation of 'Moderate Buy' based on ratings from seven brokerages. While the majority lean towards holding or buying, recent activity includes Tigress Financial raising its target to...

Bullish Signals

  • Beat earnings with $2.08 EPS vs $1.84 consensus.
  • Revenue of $1.75B exceeded estimates of $1.72B.
  • Achieved 14.0% year-over-year revenue increase.
  • Net margin remained healthy at 23.26%.
  • Return on equity of 20.07% reflects efficiency.
  • Institutions like Nordea increased stakes significantly.
  • Tigress upgraded to 'strong buy' with $325 target.
  • FY 2026 EPS forecast of $9.53 beats guidance.

Bearish Signals

  • Zacks downgraded Garmin from strong buy to hold.
  • Wall Street Zen cut rating from buy to hold.
  • Barclays lowered price target to $238 with neutral rating.
  • Elevated P/E ratio of 27.85 relative to market.
15
Bullish +75

Premium smartwatch demand lifts Garmin earnings

AI-generated analysis

Premium smartwatch demand has driven Garmin to report stronger-than-expected quarterly results, with the company benefiting from sustained interest in its high-end fitness wearables alongside steady performance in aviation and marine segments. Revenue increased by 14% year-on-year to $1.75 billion, surpassing analyst expectations, while adjusted earnings...

Bullish Signals

  • Garmin reported stronger-than-expected quarterly results driven by sustained demand for its high-end fitness wearables.
  • Revenue rose 14% year-on-year to $1.75 billion, significantly beating analyst expectations.
  • Adjusted earnings came in at $2.08 per share, also surpassing forecasts.
  • Growth was led by the fitness division where revenue surged 42% as consumers invested in advanced health and training devices.
  • Aviation revenue increased 18%, contributing positively to overall company momentum.
  • The company's niche positioning in premium, feature-rich products helped maintain strong demand despite broader pressure on discretionary spending.

Bearish Signals

  • Garmin's strong earnings are entirely dependent on the continued resilience of its niche positioning in a market facing mixed demand conditions and broader pressure on discretionary spending in consumer electronics.
  • The company's growth relies heavily on high-end fitness wearables, making it vulnerable if consumers reduce investment in advanced health devices despite current momentum.
16
Somewhat Bearish -25

Garmin stock faces margin pressure as component costs rise

Company update AI-generated analysis

Garmin Ltd. is facing rising margin pressure due to significant increases in component costs, particularly for memory and raw materials. According to a recent Forbes report, COO Brad Trenkle noted that certain components have nearly doubled in price compared to the previous year, creating challenges...

Bullish Signals

  • Premium positioning absorbs component cost increases better than rivals.
  • Scale and vertical integration mitigate rising material costs.

Bearish Signals

  • Memory costs up 10x hurt Q4/2027 profitability.
  • Raw material cost rise impacts future margins.
  • Pricing hikes risk reducing customer demand.
17
Bullish +55

Garmin (GRMN) Lifts Full Year Guidance, Is It Fully Priced?

Earnings report Guidance raised AI-generated analysis

Garmin (GRMN) reported strong Q3 2026 earnings and raised its full-year guidance, signaling underlying business resilience despite near-term headwinds. The company faces specific challenges including softer demand for automotive domain controllers and rising memory costs, which management has flagged as potential pressure points for margins...

Bullish Signals

  • Strong Q3 2026 earnings raised full-year guidance.
  • Stock up 34.7% YTD, 148.2% three-year TSR.
  • Fair value $302 vs current $272.67.
  • Garmin Connect+ AI boosts subscription revenue.
  • Acquisitions deepen ecosystem and recurring revenue.

Bearish Signals

  • Auto demand softening risks revenue growth.
  • Rising memory costs pressure short-term gross margins.
  • High 26x P/E limits upside vs 13.6x peers.
18
Slightly Bullish +25

Garmin Gears Up to Report Q3 Earnings: How to Play the Stock

Earnings report AI-generated analysis

Garmin Ltd. (GRMN) is scheduled to report its third-quarter 2026 earnings results on October 28, ahead of the market open. Analysts at Zacks Investment Research have set a consensus earnings per share estimate of $2.38, which implies a year-over-year increase of 19.6%. The company has...

Bullish Signals

  • Beat consensus estimates for four consecutive quarters.
  • Fitness segment projected to grow revenue 21.3%.
  • New Forerunner and CIRQA products support growth.
  • Outdoor segment benefits from strong fenix demand.
  • Marine segment supported by new radio and sonar.

Bearish Signals

  • Auto OEM segment pressured as BMW production peaks.
  • Zacks model predicts no earnings beat; Rank #3.
19
Bullish +65

Value Partners Investments Takes New Position in Garmin

Activist investor AI-generated analysis

Value Partners Investments Inc. established a new position in Garmin Ltd., acquiring 10,363 shares valued at approximately $2.98 million during the third quarter. This transaction occurred alongside significant adjustments by other major institutional investors, including Dimensional Fund Advisors LP increasing its stake by 2.5% to...

Bullish Signals

  • Value Partners bought 10,363 shares worth $2.98 million.
20
Slightly Bullish +25

Here is Why Garmin (GRMN) is a Good Investment at Today’s Price

Earnings report Financial outlook AI-generated analysis

Garmin Ltd. (NYSE: GRMN) has defied market expectations by proving its running-watch business is its fastest-growing and highest-margin division, now contributing more operating profit than its aviation and marine segments combined. Despite the common perception that Apple captured this category, Garmin retained its customer base...

Bullish Signals

  • Running-watch division is fastest-growing with highest margins.
  • Fitness revenue grew 25% last quarter with pricing power.
  • Pristine balance sheet supports ~1.5% dividend yield.
  • Aviation/marine divisions locked in by regulatory certification.
  • Superior battery life retains core customers vs Apple.

Bearish Signals

  • Trades at 30x earnings with no growth priced in.
  • Hedge fund ownership dropped from 56 to 37 holders.
  • Wearables division lacks moat against Apple and Samsung.
  • Aviation/marine segments rely on wealthy buyers.