Garmin (GRMN) Expected to Announce Earnings on Wednesday

Garmin (NYSE:GRMN) is expected to be issuing its Q3 2025 results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $1.98 per share and revenue of $1.7771 billion for the quarter. Garmin has set its FY 2025 guidance at 8.000-8.000 EPS.Parties can check the company’s upcoming Q3 2025 earningsummary page for the latest details on the call scheduled for Wednesday, October 29, 2025 at 10:30 AM ET.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.90 by $0.27. Garmin had a return on equity of 20.00% and a net margin of 23.21%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. Garmin’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts expect Garmin to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Garmin Price Performance

Shares of NYSE:GRMN opened at $251.49 on Wednesday. The business’s fifty day moving average price is $241.69 and its two-hundred day moving average price is $218.57. Garmin has a fifty-two week low of $160.95 and a fifty-two week high of $261.69. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Garmin from $186.00 to $193.00 and gave the stock an “underweight” rating in a report on Friday, September 19th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Barclays reaffirmed an “underweight” rating and set a $167.00 price objective (up previously from $152.00) on shares of Garmin in a report on Wednesday, July 30th. Tigress Financial boosted their target price on Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. increased their price target on Garmin from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Garmin has an average rating of “Hold” and an average price target of $228.75.

Insider Activity

In other news, insider Cheng-Wei Wang sold 10,202 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total transaction of $2,371,760.96. Following the sale, the insider directly owned 36,092 shares of the company’s stock, valued at $8,390,668.16. This represents a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 19.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GRMN. Brighton Jones LLC boosted its position in Garmin by 31.3% in the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after buying an additional 463 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Garmin by 17.0% during the second quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock valued at $347,000 after acquiring an additional 242 shares during the period. Nebula Research & Development LLC bought a new position in Garmin in the second quarter valued at about $324,000. MUFG Securities EMEA plc bought a new position in Garmin in the second quarter valued at about $95,000. Finally, Orion Porfolio Solutions LLC increased its position in Garmin by 3.5% in the second quarter. Orion Porfolio Solutions LLC now owns 11,048 shares of the scientific and technical instruments company’s stock worth $2,306,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides 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, an application development platform.