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Garmin Ltd. (GRMN)

293.78 -3.77 (-1.27%)
At close: July 31 at 4:00:03 PM EDT
294.00 +0.22 (+0.07%)
After hours: July 31 at 7:55:09 PM EDT
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News headlines Garmin's recent Q2 results exceeded expectations, with revenue up 11% to $2.02 billion and pro forma EPS at $2.81. The company raised its full-year guidance to approximately $8.05 billion in revenue, highlighting strong demand in fitness products. Despite this positive outlook, comparisons with Daktronics suggest Garmin is currently overvalued.

Garmin's recent Q2 results exceeded expectations, with revenue up 11% to $2.02 billion and pro forma EPS at $2.81. The company raised its full-year guidance to approximately $8.05 billion in revenue, highlighting strong demand in fitness products. Despite this positive outlook, comparisons with Daktronics suggest Garmin is currently overvalued.

Updated 43m ago · Powered by Yahoo Scout
  • Previous Close 297.55
  • Open 295.66
  • Bid 295.39 x 10000
  • Ask 298.00 x 20000
  • Day's Range 288.17 - 298.45
  • 52 Week Range 186.67 - 304.00
  • Volume 884,702
  • Avg. Volume 904,433
  • Market Cap (intraday) 56.657B
  • Beta (5Y Monthly) 0.91
  • PE Ratio (TTM) 30.32
  • EPS (TTM) 9.69
  • Earnings Date (est.) Oct 28, 2026
  • Forward Dividend & Yield 4.20 (1.43%)
  • Ex-Dividend Date Sep 11, 2026
  • 1y Target Est 279.57

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; 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, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including 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 transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

www.garmin.com

23,000

Full Time Employees

December 27

Fiscal Year Ends

Performance Overview

Trailing total returns as of 7/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

GRMN
46.03%
S&P 500 (^GSPC)
9.41%

1-Year Return

GRMN
36.50%
S&P 500 (^GSPC)
18.15%

3-Year Return

GRMN
192.90%
S&P 500 (^GSPC)
63.21%

5-Year Return

GRMN
108.02%
S&P 500 (^GSPC)
70.40%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 1.75B
Earnings 405.08M

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
500M
1B
2B
2B
 

Analyst Insights

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Top Analyst

Tigress Financial
60/100
Latest Rating
Strong Buy
 

Analyst Price Targets

220.00 Low
279.57 Average
293.78 Current
325.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 7/30/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Equal-Weight
Price Action Raises
Price Target 249 -> 289
 

Statistics

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Valuation Measures

Annual
As of 7/30/2026
  • Market Cap

    57.38B

  • Enterprise Value

    54.90B

  • Trailing P/E

    30.71

  • Forward P/E

    31.06

  • PEG Ratio (5yr expected)

    4.08

  • Price/Sales (ttm)

    7.51

  • Price/Book (mrq)

    6.36

  • Enterprise Value/Revenue

    7.16

  • Enterprise Value/EBITDA

    23.75

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    24.47%

  • Return on Assets (ttm)

    12.17%

  • Return on Equity (ttm)

    21.89%

  • Revenue (ttm)

    7.67B

  • Net Income Avi to Common (ttm)

    1.88B

  • Diluted EPS (ttm)

    9.69

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.67B

  • Total Debt/Equity (mrq)

    2.51%

  • Levered Free Cash Flow (ttm)

    1.04B

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Company Insights

Fair Value

293.78 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Garmin Earnings: Fitness Demand Drives Another Good Quarter and Supports 2026 Guidance Raise

    Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company’s product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.

    Rating
    Price Target
     
  • Raising target price to $279.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $279.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     
  • Lowering target price to $260.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $260.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     
  • Lowering target price to $266.00

    GARMIN LTD has an Investment Rating of BUY; a target price of $266.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     

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