Garmin (GRMN) Expected to Post Quarterly Earnings on Wednesday

Garmin (NYSE:GRMN) is expected to release its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $2.41 per share and revenue of $1.99 billion for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 10:30 AM ET.

Garmin (NYSE:GRMN) last issued its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.51. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. Garmin’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. On average, analysts expect Garmin to post $10.08 EPS for the current fiscal year and $10.70 EPS for the next fiscal year.

Garmin Stock Performance

Shares of NYSE GRMN opened at $293.50 on Tuesday. The company has a market cap of $56.60 billion, a P/E ratio of 30.26, a P/E/G ratio of 3.28 and a beta of 0.82. The firm’s fifty day moving average is $284.54 and its two-hundred day moving average is $251.86. Garmin has a 52-week low of $186.67 and a 52-week high of $314.28.

Insider Transactions at Garmin

In other news, CEO Clifton A. Pemble sold 4,029 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the completion of the transaction, the chief executive officer directly owned 120,127 shares in the company, valued at approximately $36,038,100. This represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Biddlecombe sold 986 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $292.88, for a total transaction of $288,779.68. Following the completion of the transaction, the director directly owned 6,021 shares of the company’s stock, valued at approximately $1,763,430.48. This trade represents a 14.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,108 shares of company stock valued at $4,808,799 over the last quarter. 14.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on GRMN shares. UBS Group set a $370.00 price objective on shares of Garmin in a report on Thursday, August 6th. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research report on Thursday, August 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Garmin in a report on Wednesday, September 2nd. Morgan Stanley lifted their target price on Garmin from $249.00 to $289.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Arete Research assumed coverage on Garmin in a research report on Wednesday, October 14th. They issued a “buy” rating and a $335.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $313.71.

About Garmin

Garmin Ltd. (NYSE: GRMN) designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.

The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.