Garmin Ltd (GRMN)

Official site

TECHNOLOGY • SCIENTIFIC & TECHNICAL INSTRUMENTS • NYSE

$285.34

+5.62 (+2.01%)

Market Cap: $53.95B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

95%(37/39)

Avg Surprise

+19.62%

Streak

5 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$2.38

Range$2.28 - $2.54

7 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$2.34+1.8%

60d ago$2.34+1.8%

30d ago$2.38+0.2%

7d ago$2.380.0%

Current$2.38

Revenue Consensus

$2.0B

Range$1.9B - $2.0B

5 analysts

Period ending Dec 31, 2026

EPS Consensus$3.61

Range$3.48 - $3.86

7 analysts

Revenue Consensus

$2.5B

Range$2.4B - $2.6B

6 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$3.61	$3.48 - $3.86	-	-	7	-	-
Sep 30, 2026Sep 26EST	-	$2.38	$2.28 - $2.54	-	-	7	1 0 30d	-
Jun 30, 2026Jun 26 Reported Jul 29, 2026Reported Jul 29	$2.81	$2.27	$2.15 - $2.55	+23.79%	Beat	8	2 4 30d	+29.5%
Mar 31, 2026Mar 26 Reported Apr 29, 2026Reported Apr 29	$2.08	$1.84	$1.74 - $1.95	+13.04%	Beat	7	1 0 30d	+29.2%
Dec 31, 2025Dec 25 Reported Feb 18, 2026Reported Feb 18	$2.79	$2.39	$2.38 - $2.46	+16.74%	Beat	7	7 0 30d	+15.8%
Sep 30, 2025Sep 25 Reported Oct 29, 2025Reported Oct 29	$1.99	$1.99	$1.86 - $2.09	+0.00%	Beat	8	1 0 30d	+0.0%
Jun 30, 2025Jun 25 Reported Jul 30, 2025Reported Jul 30	$2.17	$1.90	$1.81 - $2.00	+14.21%	Beat	6	1 0 30d	+37.3%
Mar 31, 2025Mar 25 Reported Apr 30, 2025Reported Apr 30	$1.61	$1.68	$1.47 - $1.83	-4.17%	Miss	7	4 2 30d	+13.4%
Dec 31, 2024Dec 24 Reported Feb 19, 2025Reported Feb 19	$2.41	$2.02	$1.85 - $2.41	+19.24%	Beat	6	1 0 30d	+40.1%
Sep 30, 2024Sep 24 Reported Oct 30, 2024Reported Oct 30	$1.99	$1.44	$1.38 - $1.49	+38.19%	Beat	6	1 0 30d	+41.1%
Jun 30, 2024Jun 24 Reported Jul 31, 2024Reported Jul 31	$1.58	$1.44	$1.27 - $1.53	+9.72%	Beat	5	1 0 30d	+9.0%
Mar 31, 2024Mar 24 Reported May 1, 2024Reported May 1	$1.42	$1.01	$0.90 - $1.02	+40.59%	Beat	3	No revisions (30d)	+39.2%
Dec 31, 2023Dec 23 Reported Feb 21, 2024Reported Feb 21	$1.72	$1.40	$1.37 - $1.48	+22.86%	Beat	6	1 0 30d	+27.4%
Sep 30, 2023Sep 23 Reported Nov 1, 2023Reported Nov 1	$1.41	$1.28	$1.25 - $1.36	+10.16%	Beat	6	No revisions (30d)	+13.7%
Jun 30, 2023Jun 23 Reported Aug 2, 2023Reported Aug 2	$1.45	$1.42	$1.31 - $1.57	+2.11%	Beat	6	No revisions (30d)	+0.7%
Mar 31, 2023Mar 23 Reported May 3, 2023Reported May 3	$1.02	$1.03	$0.90 - $1.17	-0.97%	Miss	6	No revisions (30d)	-8.1%
Dec 31, 2022Dec 22 Reported Feb 22, 2023Reported Feb 22	$1.35	$1.16	$1.16 - $1.16	+16.38%	Beat	1	No revisions (30d)	-12.9%
Sep 30, 2022Sep 22 Reported Oct 26, 2022Reported Oct 26	$1.24	$1.12	$1.12 - $1.13	+10.71%	Beat	2	No revisions (30d)	-12.1%
Jun 30, 2022Jun 22 Reported Jul 27, 2022Reported Jul 27	$1.44	$1.43	$1.36 - $1.47	+0.70%	Beat	2	No revisions (30d)	-14.3%
Mar 31, 2022Mar 22 Reported Apr 27, 2022Reported Apr 27	$1.11	$1.10	$1.05 - $1.18	+0.91%	Beat	2	No revisions (30d)	-5.9%
Dec 31, 2021Dec 21 Reported Feb 16, 2022Reported Feb 16	$1.55	$1.43	$1.33 - $1.53	+8.39%	Beat	3	1 0 30d	-10.4%
Sep 30, 2021Sep 21 Reported Oct 27, 2021Reported Oct 27	$1.41	$1.27	$1.16 - $1.41	+11.02%	Beat	7	No revisions (30d)	-10.8%
Jun 30, 2021Jun 21 Reported Jul 28, 2021Reported Jul 28	$1.68	$1.25	$1.03 - $1.55	+34.40%	Beat	8	No revisions (30d)	+84.6%
Mar 31, 2021Mar 21 Reported Apr 28, 2021Reported Apr 28	$1.18	$0.90	$0.72 - $1.03	+31.11%	Beat	7	1 0 30d	+29.7%
Dec 31, 2020Dec 20 Reported Feb 17, 2021Reported Feb 17	$1.73	$1.39	$1.30 - $1.69	+24.46%	Beat	7	2 0 30d	+34.1%
Sep 30, 2020Sep 20 Reported Oct 28, 2020Reported Oct 28	$1.58	$1.00	$0.86 - $1.15	+58.00%	Beat	8	1 0 30d	+24.4%
Jun 30, 2020Jun 20 Reported Jul 29, 2020Reported Jul 29	$0.91	$0.41	$0.07 - $0.68	+121.95%	Beat	8	No revisions (30d)	-21.6%
Mar 31, 2020Mar 20 Reported Apr 29, 2020Reported Apr 29	$0.91	$0.84	$0.73 - $0.94	+8.33%	Beat	7	No revisions (30d)	+24.7%
Dec 31, 2019Dec 19 Reported Feb 19, 2020Reported Feb 19	$1.29	$1.05	$0.99 - $1.21	+22.86%	Beat	7	1 0 30d	+26.5%
Sep 30, 2019Sep 19 Reported Oct 30, 2019Reported Oct 30	$1.27	$0.97	$0.91 - $1.01	+30.93%	Beat	7	1 0 30d	+27.0%
Jun 30, 2019Jun 19 Reported Jul 31, 2019Reported Jul 31	$1.16	$1.01	$0.92 - $1.03	+14.85%	Beat	7	No revisions (30d)	+17.2%
Mar 31, 2019Mar 19 Reported May 1, 2019Reported May 1	$0.73	$0.71	$0.68 - $0.73	+2.82%	Beat	7	No revisions (30d)	+7.4%
Dec 31, 2018Dec 18 Reported Feb 20, 2019Reported Feb 20	$1.02	$0.80	$0.77 - $0.84	+27.50%	Beat	7	No revisions (30d)	+29.1%
Sep 30, 2018Sep 18 Reported Oct 31, 2018Reported Oct 31	$1.00	$0.77	$0.71 - $0.81	+29.87%	Beat	7	No revisions (30d)	+33.3%
Jun 30, 2018Jun 18 Reported Aug 1, 2018Reported Aug 1	$0.99	$0.87	$0.81 - $0.92	+13.79%	Beat	8	1 0 30d	+12.5%
Mar 31, 2018Mar 18 Reported May 2, 2018Reported May 2	$0.68	$0.57	$0.53 - $0.59	+19.30%	Beat	10	No revisions (30d)	+30.8%
Dec 31, 2017Dec 17 Reported Feb 21, 2018Reported Feb 21	$0.79	$0.75	$0.72 - $0.78	+5.33%	Beat	11	1 0 30d	+8.2%
Sep 30, 2017Sep 17 Reported Nov 1, 2017Reported Nov 1	$0.75	$0.66	$0.62 - $0.71	+13.64%	Beat	13	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Aug 2, 2017Reported Aug 2	$0.88	$0.81	$0.74 - $0.88	+8.64%	Beat	13	1 0 30d	-
Mar 31, 2017Mar 17 Reported May 3, 2017Reported May 3	$0.52	$0.45	-	+15.56%	Beat	-	-	-
Dec 31, 2016Dec 16 Reported Feb 22, 2017Reported Feb 22	$0.73	$0.57	-	+28.07%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield1.47%

Forward Annual Dividend$4.20

Payout Ratio40.06%

FrequencyQuarterly

Pay MonthsMar, Jun, Sep, Dec

Growth

3Y CAGR+6.45%

5Y CAGR+7.53%

GRMN dividend history and ex-dividend dates Run GRMN in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	29.51	EV/EBITDA	22.70x
Price/FCF	34.39x	FCF Yield	2.91%
Profitability
Profit Margin	24.50%	Operating Margin	30.40%
ROE	21.90%	ROIC	N/A
Financial Health
Debt/Equity	0.00x	Interest Coverage	N/A
Current Ratio	3.03x	Quick Ratio	2.08x
Trading Statistics
Beta	0.83	Avg Volume	862.20K
52-Week High	$313.07	52-Week Low	$183.64

Technical Indicators Dashboard

Moving Averages

SMA 10$276.71

SMA 20$281.82

SMA 50$286.27

SMA 200$248.30

EMA 10$278.31

EMA 20$279.70

EMA 50$278.45

EMA 200$254.31

MACD

Line: -1.54Signal: -1.37Hist: -0.17

ADX

ADX: 16.1+DI: 28.5-DI: 22.5

Aroon & PSAR

Aroon Up44.0

Aroon Down80.0

PSAR$262.46

Bollinger Bands

Upper Band$298.76

Lower Band$264.89

%B Position1202%(Upper)

Band Width0.60

RSI (14-Day)

Neutral

55.1

Momentum Oscillators

Stoch %K53.0

Stoch %D36.7

Williams %R-31.0

ROC (10d)1.0%

Momentum2.88

CCI (20d)42.3

MFI (14d)37.2

Volatility Measures

ATR (14d)$7.93(2.8%)

StdDev (20d)8.47

Hist Vol27.2%(Moderate)

Volume Flow

VWAP$285.80

OBV21.0M

AD Line-352.2M

CMF (20d)0.171

Volume Metrics

Avg Vol (20d)851.8K

Vol Ratio1.2x

VWMA (20d)$281.26

Pivot Points

R3$291.63

R2$286.23

R1$282.97

Pivot Point$277.57

S1$274.31

S2$268.91

S3$265.65

Advanced Oscillators

TSI-6.31

Ultimate Osc51.7

KST-20.73

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$2.02B	$1.75B	$2.12B	$1.77B	$1.81B	$1.54B	$1.82B	$1.59B	$1.51B	$1.38B	$1.48B	$1.28B
Cost of Revenue	$760.07M	$711.20M	$866.70M	$724.41M	$747.55M	$650.55M	$742.63M	$634.42M	$643.78M	$579.51M	$618.35M	$548.96M
Gross Profit	$1.26B	$1.04B	$1.26B	$1.05B	$1.07B	$884.54M	$1.08B	$951.60M	$862.89M	$802.14M	$864.15M	$728.57M

Operating Expenses	$646.51M	$610.62M	$644.11M	$589.68M	$594.72M	$551.72M	$563.84M	$514.12M	$520.86M	$503.73M	$523.70M	$458.20M
R&D	$303.94M	$295.82M	$294.98M	$286.46M	$276.66M	$268.12M	$258.75M	$249.16M	$243.15M	$242.53M	$237.25M	$221.57M
SG&A	$342.57M	$314.81M	$349.12M	$303.22M	$318.05M	$283.60M	$305.09M	$264.96M	$277.71M	$261.19M	$286.45M	$236.63M
Operating Income	$615.51M	$431.67M	$614.15M	$456.80M	$472.30M	$332.82M	$516.08M	$437.48M	$342.03M	$298.41M	$340.45M	$270.37M

Interest Income	$38.17M	$35.97M	$34.56M	$32.09M	$31.72M	$30.51M	$30.38M	$28.83M	$29.29M	$25.03M	$22.84M	$19.80M
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$651.06M	$472.53M	$635.39M	$509.82M	$480.25M	$389.08M	$516.14M	$486.25M	$365.97M	$327.04M	$383.04M	$279.57M
Income Tax Expense	$109.14M	$67.45M	$106.70M	$108.20M	$79.43M	$56.31M	$80.41M	$87.14M	$65.34M	$51.08M	$-159,090,000	$22.33M

Net Income	$541.92M	$405.08M	$528.68M	$401.62M	$400.82M	$332.77M	$435.73M	$399.11M	$300.63M	$275.96M	$542.13M	$257.24M

EBITDA	$661.74M	$485.68M	$647.08M	$526.84M	$495.63M	$404.87M	$532.30M	$501.68M	$380.80M	$346.84M	$405.54M	$304.40M
EBIT	$612.89M	$436.56M	$600.83M	$477.74M	$448.53M	$358.57M	$485.76M	$457.42M	$336.69M	$302.01M	$360.20M	$259.77M

* Some calculated fields are derived from available data when not provided by source

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Government Contracts

Gov Obligations (TTM)

$641923

Gov Obligations / Revenue

0.0%

Obligations YoY

N/A

Active Awards

New Awards (TTM)

Avg Remaining Term

15.8 mo

Top agency: Department of Defense at 38.9% of trailing twelve month obligations across 5 agencies

Recent Awards

Award ID	Agency	Obligated	Start	End	Description
W911QY26CA003	Department of DefenseDepartment of the Army	$200000	Jan 29, 2026	Jan 28, 2030	GARMIN SOFTWARE DEVELOPMENT KIT (SDK) SOFTWARE LICENSES AND SUPPORT.
6973GH25F01413	Department of TransportationFederal Aviation Administration	$188000	Sep 17, 2025	Aug 31, 2026	FUNDING NEW FY25 TASK ORDER AGAINST 6973GH-21-D-00040 AERONAVDATA INC FOR ILS-1 TOOL MODIFICATION AND PROCEDURAL CODING SUPPORT.
15F06726F0000280	Department of JusticeFederal Bureau of Investigation	$78442	Jan 15, 2026	Jan 14, 2027	GARMIN AVIATION DATABASE SERVICES
FA330025P0190	Department of DefenseDepartment of the Air Force	$49571	Sep 25, 2025	Jun 23, 2026	GARMIN G1000 NXI 2-DISPLAY (CESSNA NAV III CONFIGURATION) DESKTOP TRAINING KIOSK
140F1S26P0010	Department of the InteriorU.S. Fish and Wildlife Service	$35428	Mar 17, 2026	Mar 9, 2027	FWS BRANCH OF AVIATION MANAGEMENT - AIRCRAFT NAVIGATION DATABASE SUBSCRIPTION
12760426F0012	Department of AgricultureForest Service	$20503	Mar 26, 2026	Mar 25, 2027	FY26 GARMIN AIRCRAFT SUBSCRIPTION RENEWAL AMERICAS STANDARD + FLITECHARTS ONEPAK US FWS GARMING DATABASE SUBSCRIPTION
1202SA26K9703	Department of AgricultureForest Service	$17083	Mar 10, 2026	Mar 9, 2027	GARMIN GPS NAVIGATION DATABASE UPDATE FOR N111Z. SEE ATTACHED QUOTE. QUOTE IS FAIR FOR WORK NEEDED, PLEASE ASSIGN TO STEVEN PETERSON
FA940125P0035	Department of DefenseDepartment of the Air Force	$0	Sep 25, 2025	Sep 26, 2025	GARMIN GNS 530W NORTH AMERICA NAVIGATION/OBSTACLE/TERRAIN DATABASE SUBSCRIPTION

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

News

Arete Research sets USD 335.00 target for Garmin Ltd. stock

Arete Research has initiated coverage on Garmin Ltd. with a Buy rating and a price target of USD 335.00, suggesting a 15.36% upside from its current NYSE price. The company's stock was trading at EUR 257.15 on October...

ad-hoc-news.de•Oct 16, 2026 10:08 AM ET10/16/26•Somewhat-Bullish

Arete starts coverage with Buy rating for Garmin stock at USD 335.00

Arete Research has initiated coverage on Garmin stock with a Buy rating and a $335.00 price target. This follows Garmin's Q2 2026 revenue of $2.02 billion, an 11.4% increase year-over-year...

ad-hoc-news.de•Oct 16, 2026 3:39 AM ET10/16/26•Bullish

Garmin stock marks 2,500 Autoland-equipped aircraft: pre-market at EUR 253.90

Garmin announced that over 2,500 aircraft are now equipped with its Autoland system, with the stock trading pre-market at EUR 253.90. The company also revealed plans to expand its Marathon Series to Ventura on August 22...

ad-hoc-news.de•Oct 16, 2026 3:36 AM ET10/16/26•Bullish

Garmin Ltd. stock outperforms competitors on strong trading day

Garmin Ltd. (GRMN) shares rose 1.97% to $285.22, marking its third consecutive day of gains. This performance outpaced broader market indices...

MarketWatch•Oct 15, 2026 12:48 PM ET10/15/26•Bullish

Arete starts Garmin coverage with USD 335 target for Garmin stock

Arete Research has initiated coverage of Garmin Ltd. (GRMN) with a Buy rating and a USD 335.00 price target. This target, set on October 14, 2026...

ad-hoc-news.de•Oct 15, 2026 4:45 AM ET10/15/26•Bullish

GRMN Valuation and Fair Value

P/E: 29.5x
Forward P/E: 24.8x
EV/EBITDA: 22.7x
P/FCF: 34.4x
PEG: 3.0x
P/B: 6.1x

See GNG's fair value

GRMN Profitability: Margins, ROIC and FCF

Gross margin: 60.1%
Operating margin: 30.4%
Net margin: 24.5%
ROE: 21.9%
FCF margin: 20.9%
FCF yield: 2.9%

GRMN Competitors

Company	Ticker
Coherent Inc	COHR
Atlassian Corp Plc	TEAM
Nokia Corp ADR	NOK
Astera Labs, Inc.	ALAB
NXP Semiconductors NV	NXPI
Ciena Corp	CIEN
United Microelectronics	UMC
Autodesk Inc	ADSK

Sector: Technology

GRMN Analyst Ratings

Consensus: Hold
Analysts: 7
Strong Buy: 0
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 1

GRMN Bull Case vs Bear Case

Bull case

GRMN converts 20.9% of revenue into free cash flow.
GRMN has a 24.5% net profit margin.
GRMN beat EPS estimates in 75.0% of its last 8 reported quarters.

GRMN Earnings: Beat Rate and Next Report

Beat rate: 6 of 8 quarters (75.0%)
Average surprise: 15.1%
EPS estimate (fiscal period ending Sep 30, 2026): $2.38
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 1 up, 0 down

GRMN Dividend

Forward yield: 1.5%
Payout ratio: 40.1%
3Y DPS growth: 6.5%
5Y DPS growth: 7.5%
Pay months: Mar, Jun, Sep, Dec

GRMN dividend history

Frequently Asked Questions About GRMN

What is GRMN's current dividend yield?

Garmin Ltd (GRMN) has a forward dividend yield of 1.47%.

Does GRMN pay dividends?

Yes, Garmin Ltd pays dividends with a forward dividend yield of 1.47%.

What is GRMN's P/E ratio?

Garmin Ltd has a price-to-earnings (P/E) ratio of 29.51.

What is GRMN's market cap?

Garmin Ltd (GRMN) has a market capitalization of $53.95B with a current stock price of $285.34.

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