Garmin (NYSE:GRMN) Releases FY 2026 Earnings Guidance

Garmin (NYSE:GRMN) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.350-9.350 for the period, compared to the consensus estimate of 8.510. The company issued revenue guidance of $7.9 billion-$7.9 billion, compared to the consensus revenue estimate of $7.4 billion.

Garmin Stock Performance

NYSE:GRMN opened at $217.62 on Wednesday. The firm’s 50-day moving average is $206.83 and its 200-day moving average is $220.21. The company has a market cap of $41.86 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.27 and a beta of 1.00. Garmin has a 52-week low of $169.26 and a 52-week high of $261.69.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities analysts predict that Garmin will post 7.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, December 3rd. Morgan Stanley upped their price objective on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Barclays upgraded shares of Garmin from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $208.00 to $217.00 in a research note on Friday, January 16th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Garmin has an average rating of “Moderate Buy” and an average price target of $244.40.

Insider Buying and Selling

In other news, CEO Clifton A. Pemble sold 10,431 shares of Garmin stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $206.23, for a total transaction of $2,151,185.13. Following the completion of the sale, the chief executive officer owned 135,180 shares in the company, valued at $27,878,171.40. The trade was a 7.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Patrick Desbois sold 3,678 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.40, for a total transaction of $773,851.20. Following the completion of the transaction, the chief operating officer owned 61,798 shares in the company, valued at $13,002,299.20. This represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,073 shares of company stock worth $3,540,774 over the last three months. 15.38% of the stock is currently owned by company insiders.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Analysts expect double-digit revenue growth for Q4 driven by fitness wearables, marine products and aviation systems — a catalyst for upside if guidance or margins beat. Garmin to Report Q4 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Garmin introduced the Garmin Catalyst 2, a motorsports performance device—product expansion that can help drive incremental hardware sales in niche high-margin segments. Optimize time on the track with the cutting-edge Garmin Catalyst 2
• Positive Sentiment: Garmin launched the zūmo XT3 for motorcycles—another product refresh that supports sustained wearable/GPS hardware revenue. Lean into the ride on the open road or closed track with zūmo XT3 from Garmin
• Positive Sentiment: Brokerage consensus remains constructive overall with an average “Moderate Buy” rating, which supports demand if fundamentals stay on track. Garmin Ltd. Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Preview pieces note wearables strength but warn margins could be tested heading into earnings—mixed news that could mute upside if margin pressure appears. Garmin earnings on deck: Wearables strength faces margin test
• Negative Sentiment: Analysts have been cautious after underperformance versus the market over the past year, which could limit near-term multiple expansion absent a clear beat. Garmin Stock: Analyst Estimates & Ratings
• Negative Sentiment: Garmin CFO Douglas Boessen sold 479 shares (~1.65% reduction in his reported position), a disclosure that some investors view as a modest negative signal on insider confidence. SEC Filing: Insider Sale

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. lifted its stake in Garmin by 23.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 283 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 53 shares in the last quarter. UMB Bank n.a. grew its position in shares of Garmin by 1.5% in the 4th quarter. UMB Bank n.a. now owns 3,508 shares of the scientific and technical instruments company’s stock valued at $712,000 after acquiring an additional 53 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Garmin by 14.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 534 shares of the scientific and technical instruments company’s stock valued at $108,000 after purchasing an additional 66 shares during the period. Main Street Financial Solutions LLC grew its holdings in Garmin by 3.5% during the second quarter. Main Street Financial Solutions LLC now owns 1,987 shares of the scientific and technical instruments company’s stock worth $415,000 after purchasing an additional 67 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Garmin by 5.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,300 shares of the scientific and technical instruments company’s stock valued at $267,000 after buying an additional 68 shares during the period. 81.60% of the stock is currently owned by institutional investors.

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.