Garmin (NYSE:GRMN) Issues FY 2026 Earnings Guidance

Garmin (NYSE:GRMN) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 10.000-10.000 for the period, compared to the consensus EPS estimate of 9.570. The company issued revenue guidance of $8.1 billion-$8.1 billion, compared to the consensus revenue estimate of $8.0 billion.

Garmin Price Performance

Garmin stock traded up $45.06 during trading hours on Wednesday, hitting $298.71. 1,670,762 shares of the stock traded hands, compared to its average volume of 899,649. The firm’s 50 day moving average price is $239.62 and its 200-day moving average price is $235.51. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.86 and a beta of 0.90. Garmin has a 1 year low of $186.67 and a 1 year high of $302.61.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.51. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business posted $2.17 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. Research analysts forecast that Garmin will post 9.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GRMN. Morgan Stanley set a $249.00 price target on shares of Garmin in a research report on Thursday, April 30th. Barclays dropped their price objective on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. Finally, Tigress Financial upped their price target on shares of Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Garmin currently has a consensus rating of “Moderate Buy” and an average target price of $269.40.

Insider Activity at Garmin

In related news, Director Joseph J. Hartnett sold 643 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the transaction, the director directly owned 21,277 shares in the company, valued at $5,607,978.89. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas G. Boessen sold 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $237.91, for a total transaction of $475,820.00. Following the sale, the chief financial officer directly owned 26,049 shares in the company, valued at $6,197,317.59. This trade represents a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 14.80% of the stock is owned by insiders.

Garmin News Summary

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Strong quarterly beat: Garmin reported adjusted earnings of $2.81 per share, above the roughly $2.27–$2.30 consensus, while revenue rose 11.4% year over year to $2.02 billion versus estimates of approximately $1.93 billion. EPS also increased from $2.17 in the year-ago quarter. Garmin announces second quarter 2026 results
• Positive Sentiment: Fitness momentum: Garmin’s fitness business reportedly grew 25%, highlighting strong demand for wearables and connected-training products and helping offset continuing concerns about the Auto OEM business. Garmin’s Fitness Business Explodes 25%, Stock Surges
• Positive Sentiment: Guidance raised: Garmin now expects fiscal 2026 EPS of $10.00 and revenue of $8.1 billion, ahead of consensus estimates of approximately $9.57 EPS and $8.0 billion revenue. The outlook upgrade supports expectations for continued earnings growth. Garmin Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Broader ecosystem expansion: Garmin’s recent acquisitions of TrainingPeaks and TrainHeroic add athlete-coaching software and potentially increase recurring digital revenue opportunities. Why Garmin Stock Is Up Today
• Neutral Sentiment: At recent levels, Garmin trades above the reported median analyst price target of $268.50, making further upside increasingly dependent on sustained growth and additional estimate revisions.
• Negative Sentiment: Reported insider activity over the past six months consisted of sales and no purchases. While these transactions may be routine, they could temper investor sentiment after the sharp rally.

Institutional Investors Weigh In On Garmin

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Garmin by 31.3% during the fourth quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock worth $401,000 after purchasing an additional 463 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Garmin by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock worth $1,278,000 after buying an additional 345 shares during the last quarter. Woodline Partners LP boosted its holdings in Garmin by 40.6% in the 1st quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock worth $2,826,000 after buying an additional 3,757 shares during the last quarter. Focus Partners Wealth increased its stake in Garmin by 51.1% during the 1st quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock worth $1,479,000 after buying an additional 2,304 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Garmin by 17.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock worth $347,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.