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Garmin/$GRMN

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About Garmin

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 product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
Ticker
$GRMN
Primary listing
NYSE
Employees
23,000
Headquarters
Schaffhausen, Switzerland

Garmin Metrics

BasicAdvanced
$55B
29.53
$9.69
0.87
$3.90
1.47%

What the Analysts think about Garmin

Analyst ratings (Buy, Hold, Sell) for Garmin stock.
Analyst projections of the future price of Garmin stock.

Bulls say / Bears say

Garmin posted record second-quarter revenue of $2.02 billion, up 11%, and operating income rose 30%. It lifted its 2026 revenue forecast to about $8.05 billion and pro forma EPS guidance to $10. (Garmin)
Fitness revenue grew 25% in the second quarter, and Garmin is adding premium products such as the fēnix 9 and fēnix 9 Pro, including satellite and LTE features. This product refresh could help it defend its specialist position and support further demand. (Garmin, Garmin)
Aviation and marine offer growth beyond consumer wearables: second-quarter revenue rose 8% and 14%, respectively. New flight-deck products such as G2000 PRIME broaden Garmin’s aviation offering to more aircraft types. (Garmin, Garmin)
Second-quarter gross margin benefited from about $21 million in tariff refunds, while management expects higher memory costs to affect the second half. Those factors could make the strong recent margins difficult to sustain. (Garmin, Investing.com)
Growth is uneven across Garmin’s businesses: Outdoor revenue fell 2% in the second quarter, and management expects Auto OEM revenue to decline in the second half as BMW volumes peak. That leaves the company reliant on stronger segments to offset softness elsewhere. (Garmin, Investing.com)
Garmin’s valuation could leave limited room for slower growth or execution setbacks: in September it traded at 29.5 times earnings, versus 23.5 times for its peer group, according to Simply Wall St. A premium multiple can magnify share-price downside if expectations cool. (Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.

Garmin Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Garmin Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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