Zacks Investment Research·Jun 25, 2026
Garmin (GRMN) Declines More Than Market: Some Information for InvestorsThe latest trading day saw Garmin (GRMN) settling at $235.41, representing a -1.92% change from its previous close.
Garmin Ltd.(GRMN)Earnings, Financials & Key Ratios
GRMN•NYSE
$248.68
28.9× P/E·Price updated Jul 7, 2026
AboutGarmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.Show more
- Revenue$7.25B+15.1%
- EBITDA$2.06B+16.4%
- Net Income$1.66B+17.9%
- EPS (Diluted)8.59+17.7%
- Gross Margin58.74%
- EBITDA Margin28.5%+1.2%
- Operating Margin25.89%+2.3%
- Net Margin22.96%+2.5%
- ROE19.78%+4.1%
GRMN Price & Volume
Garmin Ltd. (GRMN) stock price & volume — 10-year historical chart
Loading chart...
Diversified Hardware Growth Supports Robust Margin Profile
Investment Thesis • Updated 2026Q1
VerdictPositive
Growth:Expanding
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Consumer discretionary spending sensitivity
Key Thesis Takeaways
- Garmin demonstrates a resilient growth trajectory driven by specialized aviation and outdoor segments, evidenced by a 14.2% year-over-year revenue increase in 2026Q1.
- The company maintains a fortress-like balance sheet with a 0.02 debt-to-equity ratio, providing significant strategic flexibility for capital allocation.
- However, investors should monitor potential margin compression as the firm expands into lower-margin automotive OEM contracts and manage risks associated with the $750.6 million goodwill balance.
Verdict Logic
the company's ability to maintain a 23.1% net margin while sustaining a 14.2% revenue growth rate suggests a durable competitive advantage in its specialized hardware segments.
GRMN Growth Metrics
Garmin Ltd. (GRMN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.89%
5 Years11.59%
3 Years14.24%
TTM15.71%
Profit CAGR
10 Years13.81%
5 Years10.89%
3 Years19.56%
TTM18.25%
EPS CAGR
10 Years13.65%
5 Years10.69%
3 Years19.45%
TTM18.03%
Return on Capital
10 Years18.45%
5 Years18.76%
3 Years19.35%
Last Year21.57%
GRMN Recent Earnings
Garmin Ltd. (GRMN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$2.08+13.0%
$1.84
Rev
$1.8B+1.7%
$1.7B
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$2.79+16.3%
$2.40
Rev
$2.1B+5.3%
$2.0B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$1.99+0.0%
$1.99
Rev
$1.8B-0.6%
$1.8B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$2.17+14.2%
$1.90
Rev
$1.8B+6.7%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $2.08vs $1.84+13.0% | $1.8Bvs $1.7B+1.7% |
| Q1 2026 | Feb 18, 2026 | $2.79vs $2.40+16.3% | $2.1Bvs $2.0B+5.3% |
| Q4 2025 | Oct 29, 2025 | $1.99vs $1.99+0.0% | $1.8Bvs $1.8B-0.6% |
| Q3 2025 | Jul 30, 2025 | $2.17vs $1.90+14.2% | $1.8Bvs $1.7B+6.7% |
Based on last 12 quarters of dataView full earnings history →
Latest GRMN News
Recent stock market news and headlines for Garmin Ltd. (GRMN)
Benzinga·Jun 25, 2026
Dick's Sporting Goods, Garmin And More On CNBC's 'Final Trades'On CNBC's “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named Dick's Sporting Goods, Inc. (NYSE:DKS) as his final trade.
PRNewsWire·Jun 24, 2026
Garmin Ltd. schedules second quarter 2026 earnings callSCHAFFHAUSEN, Switzerland, June 24, 2026 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2026 earnings conference call on Wednesday, July 29, 2026, at 10:30 a.m.
Zacks Investment Research·Jun 17, 2026
Why Garmin (GRMN) Dipped More Than Broader Market TodayIn the latest trading session, Garmin (GRMN) closed at $231.89, marking a -1.31% move from the previous day.
Peers Comparison
Key metrics vs top competitors for Garmin Ltd. (GRMN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $248.68 | $47.96B | 28.95 | 15.06% | 22.96% | 19.78% | 1.38% | |
| $4.12 | $243.5M | -2.84 | -12.28% | -6.18% | -61.58% | — | |
| $14.10 | $1.7B | -27.65 | -4.93% | -2.82% | -10.43% | — | |
| $0.70 | $119.86M | -1.19 | -18.71% | -20.7% | -201.66% | — | |
| $66.84 | $3.72B | 171.37 | 5.85% | 3.72% | 2.44% | — | |
| $310.66 | $4.56T | 41.64 | 6.43% | 27.15% | 146.69% | — |
Compare GRMN vs Peers
Garmin Ltd. (GRMN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GRMN SEC Filings & Documents
Garmin Ltd. (GRMN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Feb 18, 2026·SEC
Material company update
Oct 29, 2025·SEC
10-K Annual Reports
210-Q Quarterly Reports
6Get notified when GRMN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
GRMN Frequently Asked Questions
Garmin Ltd. (GRMN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Garmin Ltd.'s revenue?
Garmin Ltd. (GRMN) reported $7.46B in revenue for fiscal year 2025. This represents a 3109% increase from $232.6M in 1999.
How fast is Garmin Ltd. growing?
Garmin Ltd. (GRMN) grew revenue by 15.1% over the past year. This is strong growth.
Is GRMN profitable?
Yes, Garmin Ltd. (GRMN) is profitable, generating $1.74B in net income for fiscal year 2025 (23.0% net margin).
Dividend & Returns
Does GRMN pay dividends?
Yes, Garmin Ltd. (GRMN) pays a dividend with a yield of 1.38%. This makes it attractive for income-focused investors.
What is GRMN's return on equity?
Garmin Ltd. (GRMN) has a return on equity (ROE) of 19.8%. This is reasonable for most industries.
What is Garmin Ltd.'s free cash flow?
Garmin Ltd. (GRMN) generated $1.45B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.