Garmin
Designs wearables, navigation devices, marine electronics, avionics, and automotive systems across five segments.
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Profile
Designs and manufactures fitness wearables, outdoor and marine electronics, certified avionics, and auto OEM systems, selling through retail, dealer, distributor, and manufacturer channels alongside connected-service subscriptions. Its vertically integrated model combines product development with substantial in-house manufacturing, with principal consumer production concentrated in Taiwan.
Designs navigation, communications, sensor-based and information products across five segments. Fitness and outdoor combine smartwatches, cycling computers, handhelds and inReach satellite communications with Garmin Connect and newly acquired TrainingPeaks and TrainHeroic coaching platforms. Marine supplies chartplotters, sonar, autopilots and audio systems; aviation sells integrated flight decks and aftermarket avionics; auto OEM develops in-vehicle computing and infotainment for automakers.
Earns revenue primarily from product shipments through retailers, distributors, dealers and OEMs, supplemented by connected-service subscriptions. Sales span the Americas, EMEA and APAC, with the Americas the largest region. An integrated model keeps most design and manufacturing in-house, supporting coordination between engineering and production. Aviation and auto OEM demand follows certification, regulatory and vehicle-program cycles, while principal consumer manufacturing is concentrated in Taiwan.
Company facts
Categories
Key statistics
Year to date +40.8% · Average volume (30d) 972.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | UBS | Target | $370 | |||
| Jul 30, 2026 | Morgan Stanley | Reiterate | Equal Weight | $249 | $289 | |
| Jul 30, 2026 | Barclays | Reiterate | Equal Weight | $238 | $297 | |
| May 20, 2026 | Tigress Financial | Reiterate | Strong Buy | $320 | $325 | |
| Apr 30, 2026 | Morgan Stanley | Target | $252 | $249 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.30 | $2.81 | +22.2% | $1.93B | $2.02B | +5.0% | +16.23% |
| Apr 29, 2026Q1 FY26 | $1.84 | $2.08 | +13.0% | $1.72B | $1.75B | +1.7% | −0.77% |
| Feb 18, 2026Q4 FY25 | $2.40 | $2.79 | +16.3% | $2.02B | $2.12B | +5.3% | +0.99% |
| Oct 29, 2025Q3 FY25 | $1.99 | $1.99 | 0.0% | $1.78B | $1.77B | −0.6% | −2.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.81B | $1.77B | $2.12B | $1.75B | $2.02B | |
| Gross profit | $884.5M | $1.07B | $1.05B | $1.26B | $1.04B | $1.26B | |
| Operating income | $332.8M | $472.3M | $456.8M | $614.2M | $431.7M | $615.5M | |
| Net income | $332.8M | $400.8M | $401.6M | $528.7M | $405.1M | $541.9M | |
| Diluted EPS | $1.72 | $2.07 | $2.08 | $2.73 | $2.09 | $2.80 | |
| Gross margin | 57.6% | 58.8% | 59.1% | 59.2% | 59.4% | 62.4% | |
| Operating margin | 21.7% | 26.0% | 25.8% | 28.9% | 24.6% | 30.4% |
Fiscal years (4-quarter sums)FY21 $4.98B · FY22 $4.86B · FY23 $5.23B · FY24 $6.30B · FY25 $7.25B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $2.67B · Total debt $178.0M · Total assets $11.42B · Shareholders' equity $9.03B
Dividends
Raised for 16 straight years — most recently to $1.05 from $0.90 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 26 | $1.05 | raised from $0.90 |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.90 | |
| Dec 12, 2025 | Dec 12 | Dec 26 | $0.90 | |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.90 | |
| Jun 16, 2025 | Jun 16 | Jun 27 | $0.90 | raised from $0.75 |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.75 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.75 | |
| Sep 13, 2024 | Sep 13 | Sep 27 | $0.75 |
Ownership
Shares outstanding 192.85M · Float 164.62M · 85.4% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Yu-Fan C. Kao | 18.70M | 9.73% | 13G | Oct 18, 2024 |
| Kao Min H | 18.68M | 9.70% | 13G | Apr 15, 2026 |
| BlackRock, Inc. | 14.82M | 7.69% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 10.71M | 5.55% | 13F | Aug 13, 2026 |
| Burrell Jonathan | 9.66M | 5.02% | 13G | Apr 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Cheng-Wei Wang | officer: General Manager - Garmin Corp. | −9,941 | $299.36 |
| Jul 29, 2026 | Clifton A. Pemble | director, officer: President and CEO | −4,029 | $300.00 |
| Jul 31, 2026 | Joshua H. Maxfield | officer: VP, General Counsel | −1,152 | $291.13 |
| Jul 31, 2026 | Sean Biddlecombe | officer: Managing Director, EMEA | −986 | $292.88 |
| Jun 9, 2026 | Joseph J. Hartnett | director | −1,286 | $249.83 |
Peers
- Apple
Apple Watch line contests the fitness and outdoor segments head-on.
- Honeywell Technologies
Honeywell Aerospace and BendixKing contest integrated flight decks.
- Brunswick
Navico (Lowrance / Simrad / B&G) contests chartplotters, sonar, autopilot.
- RTX
Collins Aerospace Pro Line Fusion contests integrated flight decks on bizjets.
- Alphabet Class A
Fitbit and Pixel Watch contest fitness wearables on the Android side.
- Teledyne Technologies
Teledyne FLIR Raymarine contests MFDs, radar and thermal night-vision.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Garmin | $288.10 | +1.06% | $55.00B | 29.4 | 27.8 | 7.2 | +11.4% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| Brunswick | $76.64 | −0.01% | $4.98B | — | 15.6 | 0.9 | +7.7% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Median | 30.0 | 25.1 | 3.8 | +12.2% |