Garmin Ltd.

(New York Stock Exchange)
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Slightly Bullish +25

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

Earnings report AI-generated analysis

πŸ“… Garmin is set to report Q3 2026 earnings on October 28 before the market opens.

πŸ’° Analysts expect EPS of $2.38, representing a 19.6% year-over-year increase.

πŸ“ˆ Total revenue is forecast at $1.99 billion, indicating 12.3% growth.

⌚ The Fitness segment is projected to grow 21.3% driven by the Forerunner and CIRQA lines.

πŸƒ Outdoor revenues are expected to rise 9.6% supported by the fenix lineup and Approach Z10.

🌊 Marine segment revenue is forecast at $299 million, up 11.5% from the prior year.

✈️ Aviation segment is anticipated to grow 7.5% due to new D2 Mach 2 Pro and AXIS products.

πŸš— The Auto OEM segment faces a 4.2% decline as BMW production volumes peak.

πŸ“‰ Zacks assigns Garmin a Rank #3 (Hold) with an Earnings ESP of 0.00%.

Bullish Signals
  • Garmin has beaten the Zacks Consensus Estimate in each of the trailing four quarters, averaging a 13.5% surprise.
  • The Fitness segment is expected to see strong demand for advanced wearables, driving a projected 21.3% revenue increase.
  • New product launches including the Forerunner 70/170 and CIRQA smart band are likely to support top-line growth.
  • The Outdoor segment benefits from strong fenix demand and the recently launched Approach Z10 laser rangefinder.
  • The Marine segment is supported by new launches like the Signal VHF Marine Radio and LiveScope 2 sonar system.
Risk Factors
  • The Auto OEM segment is expected to remain pressured as BMW-related production volumes have passed their peak.
  • Zacks' model currently does not predict an earnings beat, assigning the stock a Rank #3 (Hold) with 0.00% Earnings ESP.
Full 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 historically beaten these estimates in each of the trailing four quarters, with an average surprise of 13.5%. Revenue expectations for the quarter are pegged at $1.99 billion, suggesting a 12.3% year-over-year growth rate. The article details segment-specific forecasts, highlighting strong anticipated performance in the Fitness, Outdoor, Marine, and Aviation segments driven by new product launches and sustained demand. Conversely, the Auto OEM segment is expected to face pressure as BMW-related production volumes decline. Despite a positive historical track record of beating estimates, Zacks' proprietary model currently assigns Garmin an Earnings ESP of 0.00% and maintains a Zacks Rank #3 (Hold). This neutral rating suggests that while the company has strong fundamentals, the specific combination of factors for this reporting cycle does not conclusively predict another earnings beat according to their algorithm.