In its upcoming report, Garmin (GRMN - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.38 per share, reflecting an increase of 19.6% compared to the same period last year. Revenues are forecasted to be $1.99 billion, representing a year-over-year increase of 12.3%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Garmin metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Net Sales- Marine' should come in at $299.00 million. The estimate indicates a change of +12% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Aviation' at $257.85 million. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts predict that the 'Net Sales- Fitness' will reach $728.55 million. The estimate indicates a year-over-year change of +21.2%.
The consensus among analysts is that 'Net Sales- Outdoor' will reach $545.66 million. The estimate indicates a year-over-year change of +9.7%.
It is projected by analysts that the 'Net Sales- Auto OEM' will reach $158.08 million. The estimate indicates a year-over-year change of -4.1%.
The consensus estimate for 'Operating income (loss)- Outdoor' stands at $182.83 million. Compared to the present estimate, the company reported $169.73 million in the same quarter last year.
Analysts expect 'Operating income (loss)- Fitness' to come in at $227.42 million. Compared to the current estimate, the company reported $193.60 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Operating income (loss)- Marine' will likely reach $57.94 million. The estimate compares to the year-ago value of $49.40 million.
Analysts forecast 'Gross profit- Fitness' to reach $432.34 million. Compared to the current estimate, the company reported $362.85 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Gross profit- Marine' of $165.21 million. The estimate is in contrast to the year-ago figure of $148.24 million.
Based on the collective assessment of analysts, 'Gross profit- Aviation' should arrive at $191.92 million. The estimate is in contrast to the year-ago figure of $180.71 million.
Analysts' assessment points toward 'Gross profit- Outdoor' reaching $354.63 million. The estimate compares to the year-ago value of $329.75 million.
View all Key Company Metrics for Garmin here>>>
Over the past month, shares of Garmin have returned +0.1% versus the Zacks S&P 500 composite's -1.2% change. Currently, GRMN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Daktronics (DAKT) and Garmin (GRMN). But which of these two stocks presents investors with the better value opportunity right now?
Garmin (NYSE:GRMN – Get Free Report) is expected to be issuing its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Garmin to post earnings of $2.41 per share and revenue of $1.99 billion for the quarter. Parties can check the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 10:30 AM ET.
Garmin (NYSE:GRMN – Get Free Report) last posted its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts expect Garmin to post $10.08 EPS for the current fiscal year and $10.70 EPS for the next fiscal year.
Garmin Price Performance NYSE GRMN opened at $290.72 on Wednesday. The firm has a market cap of $56.07 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 3.20 and a beta of 0.82. The stock’s 50-day moving average is $284.91 and its two-hundred day moving average is $262.21. Garmin has a fifty-two week low of $186.67 and a fifty-two week high of $314.28.
Analysts Set New Price Targets A number of equities research analysts have issued reports on GRMN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Friday, September 4th. UBS Group set a $370.00 price objective on Garmin in a research note on Thursday, August 6th. Barclays increased their target price on Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. Finally, Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Garmin presently has an average rating of “Moderate Buy” and an average price target of $313.71. Get Our Latest Stock Analysis on Garmin
Garmin News Summary Here are the key news stories impacting Garmin this week:
Positive Sentiment: Market outperformance: Garmin closed higher than the prior session and outperformed the broader stock market, reflecting continued investor interest in the company’s growth and profitability. Garmin Laps the Stock Market: Here’s Why Positive Sentiment: Expanded cycling lineup: Garmin introduced the premium Edge 1060 cycling computer with hands-free voice controls, along with Edge Explore 3 and Edge Explore 3 Plus computers. The launches broaden Garmin’s cycling ecosystem with navigation, ride data, alerts, messaging and safety features. Garmin Edge 1060 Announcement Garmin Edge Explore 3 Announcement Positive Sentiment: New indoor-training product: The Tacx Nēra smart trainer adds multidirectional movement and performance accuracy within 1%, potentially supporting Garmin’s connected-fitness strategy and recurring engagement with cyclists. Garmin Tacx Nēra Announcement Neutral Sentiment: Analyst outlook: Zacks Research projected quarterly EPS of $2.73 and maintained a “Hold” rating. The estimate is broadly consistent with the current full-year consensus of $10.08 per share, offering no major change to expectations. Negative Sentiment: ETF selling: Exchange-traded funds were net sellers of Garmin shares on October 16, creating some technical pressure and potentially limiting near-term momentum. ETFs Are Net Sellers of Garmin Insider Buying and Selling In related news, insider Cheng-Wei Wang sold 9,941 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $299.36, for a total transaction of $2,975,937.76. Following the completion of the transaction, the insider owned 29,506 shares in the company, valued at $8,832,916.16. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clifton A. Pemble sold 4,029 shares of Garmin stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $300.00, for a total value of $1,208,700.00. Following the transaction, the chief executive officer directly owned 120,127 shares of the company’s stock, valued at approximately $36,038,100. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,108 shares of company stock valued at $4,808,799. 14.80% of the stock is currently owned by corporate insiders.
Garmin Company Profile (Get Free Report)
Garmin Ltd. (NYSE: GRMN) designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.
The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.
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Garmin (GRMN - Free Report) closed the most recent trading day at $290.35, moving +1.46% from the previous trading session. This change outpaced the S&P 500's 0.28% gain on the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
The stock of maker of personal navigation devices has risen by 2.09% in the past month, leading the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
Analysts and investors alike will be keeping a close eye on the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to go public on October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.99 billion, indicating a 12.32% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.08 per share and revenue of $8.09 billion. These totals would mark changes of +17.76% and +11.7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Garmin. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Garmin holds a Zacks Rank of #3 (Hold).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 28.4. This valuation marks a premium compared to its industry average Forward P/E of 18.81.
We can also see that GRMN currently has a PEG ratio of 3.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.27 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Get the most out of every indoor bike ride or virtual race with multidirectional motion, precise performance measurements and a built-in cassette or Zwift Cog and Click option for effortless setup out of the box
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Tacx® Nēra, a powerful and connected indoor smart trainer purpose built for cyclists with realistic motion along with power and cadence accuracy within 1%. The latest smart trainer also includes a preinstalled cassette for simple setup or comes Zwift Ready™ with a preinstalled Zwift Cog and Click for seamless virtual shifting and more in Zwift and ROUVY1.
Purpose-built for cyclists, the Tacx Nēra from Garmin is a powerful and connected indoor smart trainer with integrated movement and precise performance measurements.
"We are excited to expand our indoor smart trainer lineup with the addition of Tacx Nēra. Designed for passionate cyclists who are looking to take their indoor training more seriously, this trainer delivers an unbeatable combination of performance features at an incomparable value with its realistic ride feel, seamless integration with other Garmin products and effortless ease of use."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Power through every ride
Multidirectional movement: Built-in motion pods deliver forward, backward and side-to-side movement, providing a more immersive, comfortable and realistic ride experience.
Accurate and powerful: When training or racing, power and cadence measurements are accurate to within 1%. The trainer also simulates grades up to 20% and supports sprint efforts up to 2,200 watts.
Easy setup: A preinstalled cassette makes this trainer ride-ready right out of the box. Tacx Nēra is also offered as Zwift Ready with a preinstalled Zwift Cog and Click for seamless and silent virtual shifting while training, racing or riding in Zwift or ROUVY1. Cyclists who purchase the Zwift Ready option and are new subscribers can get a free Zwift membership offer.
Race mode: Get an ultra-fast response to attacks and breakaways during virtual racing sessions in select training apps.
Connected features: Easily set up the trainer in the Tacx Training™ app and access a full library of free workouts. With a premium plan (free for 45 days with the purchase of a Tacx Nēra), cyclists can also ride real courses from around the world, compete in challenges and earn badges. Riders can also set up free Garmin Coach training plans in the Garmin Connect™ app, then view and complete them in the Tacx Training app.
Built-in Wi-Fi®: Enjoy a fast connection during virtual racing sessions in Zwift or ROUVY1 with integrated Wi-Fi.
Climb higher: Pair with Tacx Alpine, the gradient simulator that mimics grades from up to 25% and down to -10%, for an even more immersive ride. And take advantage of virtual steering and more in-app features when riding with compatible training apps like the Tacx Training app and Zwift.
Seamless integration: Connect a compatible Edge® cycling computer or smartwatch for seamless training and control. Plus see indoor and outdoor rides in greater detail in Garmin Connect, along with off-the-bike health and recovery stats from a compatible smartwatch or smart band for a more holistic view of overall cycling fitness and performance.
Available now, both Tacx Nēra and Tacx Nēra with Zwift Cog and Click have a suggested retail price of $999.99. To learn more, visit Garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmincycling on social, or follow our blog.
1 Active subscription required
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Tacx and Edge are registered trademarks and Tacx Training and Garmin Connect are trademarks of Garmin Ltd. or its subsidiaries. Wi-Fi is a registered trademark of the Wi-Fi Alliance. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Stephanie Kelner and Natalie Miller
913-397-8200
[email protected]
Intuitive bike computers offer easy access to bike-specific maps, ride data and speaker and microphone – all from the handlebars
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Edge® Explore 3 and Edge Explore 3 Plus, easy-to-use GPS cycling computers that provide essential ride data, maps, alerts and more on a vivid, responsive touchscreen display. Both models offer user-friendly navigation features, helping cyclists choose the best route and find points of interest, while safety features like incident detection and LiveTrack™ location sharing help them ride with more peace of mind. For cyclists looking to improve their fitness, Garmin Cycling coach plans deliver personalized and adaptive workouts. And with a built-in speaker and microphone on Edge Explore 3 Plus, cyclists can exchange voice messages1, hear navigation prompts and more2 while keeping their hands on the bars.
Edge Explore 3 cycling computers combine easy access to bike-specific maps, ride data and the option for a built-in speaker and microphone. "Whether setting out on a weekend ride, commuting across town or starting a fitness journey, cyclists of any skill level can depend on Edge Explore 3 to help guide every ride and support their goals. With intuitive routing, personalized training plans, a suite of connected features and superior battery life, these durable bike computers bring ride essentials together into one easy-to-use device."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Navigate with ease
To help keep cyclists on course wherever their ride takes them, Edge Explore 3 and Edge Explore 3 Plus offer simple, yet detailed bike-specific maps, turn-by-turn directions and more:
Route options: See different route options and make more informed decisions about which to take based on ride time, total elevation, bike type and more. Up Ahead: Select points of interest that matter most – like coffee shops, restrooms or gas stations – and see updates for the nearest ones along a route. Road hazards alerts: Get alerted to hazards1 reported by fellow Garmin cyclists, like potholes, road closures and even aggressive animals, and contribute real-time edits. Free Flow Routing: To keep their rhythm while riding, cyclists can find routes with fewer stops, intersections or slowdowns. Pin drop navigation: Cyclists can now send a pin or point of interest from Google Maps™ and Apple Maps® on their compatible smartphone to their Edge and get a bike-specific route. Built-in speaker and microphone
Cyclists can use voice control to operate Edge Explore 3 Plus hands-free. Cyclists can request a new route, ask for their in-ride fitness stats, report a road hazard, change screens and more. Cyclists can also use the microphone to send voice messages through the on-device Garmin Messenger app1. And with the integrated speaker, Edge Explore 3 Plus can play voice messages from other Garmin Messenger™ app users, read out in-ride stats and provide workout and navigation prompts. The speaker also acts as a digital bike bell, alerting pedestrians of approaching cyclists.
Purpose built for every ride
New Garmin Coach training plans: With free personalized plans for beginners, Garmin Cycling Coach helps cyclists improve their fitness with guided workouts that adapt based on performance, recovery and course demands when riding with a compatible Garmin smartwatch or heart rate monitor. Garmin Link: After an initial pairing, Garmin Link automatically connects compatible Garmin smartwatches to the Edge each time Edge is powered on, showing wrist-based heart rate data at a glance. eBike compatibility: Connect to a compatible eBike system, such as Bosch smart systems or SHIMANO E-Bike systems, to see battery status, assist level and more3. Carbon savings: Using the commuter ride profile, cyclists can see how their daily rides impact their carbon footprint in real-time and post-ride. Enhanced awareness: Ride with added peace of mind with LiveTrack location sharing4, incident detection, real-time weather alerts and compatibility with Varia™ radars and smart lights. Reliable battery life: Edge Explore 3 gets up to 16 hours of battery life in the most intense use cases, while Edge Explore 3 Plus gets up to 14 hours. Both models get up to 48 hours in battery saver mode. Available now, Edge Explore 3 has a suggested retail price of $399.99 and Edge Explore 3 Plus is $499.99. To learn more, visit garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmincycling on social, or follow our blog.
1
When used with your compatible smartphone and the Garmin Connect™ app
2
Voice command performance may vary based on riding conditions; voice command available in select languages
3
Data options may vary by eBike model
4
When paired with your smartphone. For safety and tracking feature requirements and limitations, see Garmin.com/safety.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and Edge are registered trademarks and Garmin Messenger, LiveTrack, Varia and Garmin Connect are trademarks of Garmin Ltd. or its subsidiaries. Google Maps is a trademark of Google LLC. Apple is a trademark of Apple Inc., registered in the US and other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS: Brianna Silverman and Natalie Miller / 913-397-8200 / [email protected]
Speaker and microphone enable in-ride access to workout stats, navigation tools, two-way messaging and more so cyclists can keep their hands on the bars
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Edge® 1060, its newest premium cycling computer equipped with voice command1 capabilities. Using the built-in microphone and speaker, cyclists can keep their hands on the bars while accessing in-ride performance stats, selecting a route, finding points of interest and exchanging voice messages with other Garmin Messenger™ app users2 . Whether cyclists are riding on road, gravel or trail, new navigation tools help them choose the best route and ride with greater confidence. Cyclists can also train smarter with robust performance features, stay connected with other riders with GroupRide enhancements, see essential information at a glance on a brilliant touchscreen display and use the added buttons for versatility in challenging weather conditions or while riding with gloves.
Edge 1060 introduces a built-in speaker and microphone, allowing cyclists to use voice commands and keep their hands on the bars.
"Edge 1060 is designed to keep cyclists focused and in control from the first mile to the finish. Voice control helps riders access all the information they need while keeping their grip on the bars. Combined with advanced training insights and new intelligent navigation features, cyclists now have more of what they need to reach their goals and ride more confidently."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Hands-free control
With a simple "Okay, Garmin," cyclists can activate voice commands to control their Edge 1060 using prompts like "Report a pothole," "Route me to the closest coffee shop," or "What is my heart rate?" From there, Edge will follow commands by changing what is on the screen, reading out requested ride stats, providing suggested routes and more.
With the on-device Garmin Messenger app and a connected smartphone, cyclists can also send voice messages right from their device, then hear incoming messages played out loud through the integrated speaker, along with navigation and workout prompts. Other cyclists can also hear the cyclist approaching as the digital bike bell plays from the speaker.
See Edge 1060 voice commands in action
Know before you go
New routing features help cyclists feel more prepared for every ride:
Route Options: See different route options to get to a destination and choose the best route based on ride time, elevation, bike type and more.
Route Previews: Know what to expect before starting a ride with details about the route like distance, estimated ride time, traffic and reported road hazards along the way.
Up Ahead: Select points of interest that matter most – like coffee shops, restrooms or gas stations – and see updates for the nearest ones along your route.
Road closure alerts: Cyclists can now get a heads up about road closures3 reported by other Garmin cyclists, in addition to other hazards like potholes, obstructions in the road and even aggressive animals. They can also contribute their own real-time road hazards hands-free using voice control.
Free Flow Routing: Find routes with the fewest stops, intersections or slowdowns to keep your speed during training.
Train smart and stay connected
Cyclists can adjust their training and better monitor and manage their efforts with insights like real-time stamina, power guide, cycling ability, course demands and more – all powered by the Garmin Human Performance Lab.
Cyclists can create a free, personalized Garmin Cycling Coach plan that adapts based on their performance, recovery and the demands of a course. And cyclists using TrainingPeaks can have their training plan workouts sync to their Edge automatically to stay on track with their goals.
With a compatible Garmin smartwatch or CIRQA™ Smart Band, see off-the-bike recovery and health stats for a more holistic view of overall cycling fitness, and opt in to receive supplementary strength workouts with a training plan.
GroupRide detection allows cyclists to easily join a nearby GroupRide3 if their Edge detects an active session, giving them access to in-ride messaging, live locations, incident detection alerts4 and in-ride competitions and awards.
The workout screen is now interactive, making it easier to see upcoming steps in a workout, zoom in and out on the full workout, and more.
Easily customize the home screen by choosing which relevant apps and widgets are at the forefront while riding.
In a pinch, use Edge's reverse charging5 to provide charge to a Varia™ headlight or taillight, phone or another device.
Available now, Edge 1060 has a suggested retail price of $799.99 and offers up to 20 hours of battery life in the most demanding use cases and up to 60 hours in battery saver mode. Visit garmin.com to learn more.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmincycling on social, or follow our blog.
1 Voice command performance may vary based on riding conditions; voice control available in select languages
2 Connected smartphone required
3 When paired with a compatible smartphone and the Garmin Connect app
4 When paired with a smartphone. For safety and tracking feature requirements and limitations, see Garmin.com/safety.
5 Compatible USB-C® cable required; not intended to charge while riding
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and Edge are registered trademarks and Garmin Messenger, CIRQA and Varia are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS: Brianna Silverman and Natalie Miller / 913-397-8200 / [email protected]
Garmin (GRMN - Free Report) ended the recent trading session at $279.72, demonstrating a +1.2% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
Prior to today's trading, shares of the maker of personal navigation devices had lost 0.92% lagged the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Garmin in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.99 billion, indicating a 12.32% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.08 per share and revenue of $8.09 billion, indicating changes of +17.76% and +11.7%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Garmin. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Garmin is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.43. This represents a premium compared to its industry average Forward P/E of 20.04.
It's also important to note that GRMN currently trades at a PEG ratio of 3.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.26.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Event will showcase breathtaking mountain and ocean scenery in August 2027
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Garmin Marathon Series will expand to a fourth location in Ventura, California, on Sunday, Aug. 22, 2027. The event will feature a Boston Marathon-qualifying marathon, a USATF-certified half marathon, a 10K and a 5K, with courses showcasing one of California's most picturesque coastal communities.
Event will showcase breathtaking mountain and ocean scenery in August 2027.
"The Garmin Marathon Series has grown to include locations around the country and Ventura's natural beauty, vibrant running culture and welcoming community make it an ideal addition as we expand to the West Coast. Whether you're inspired by the ocean, the mountains or the miles in between, Ventura embodies the spirit of adventure and exploration that has always been central to the Garmin brand."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Runners begin and end in downtown Ventura, taking in historic architecture and charming local businesses. They will also enjoy captivating views of the Santa Ynez Mountains and Pacific Ocean, framed by rolling hills and the trademark coastal beauty of the region. The routes are designed to highlight the juxtaposition of epic natural scenery and quaint, easygoing character of Ventura, delivering a memorable race experience for participants of all skill levels.
"Ventura is proud to welcome runners, families, and spectators to our community for this exciting event. With our beautiful coastline, historic downtown, and strong spirit of community, Ventura is a natural setting for an event that brings people together through health, recreation, and shared experience. We look forward to showcasing our city and cheering on runners every step of the way."—Dr. Jeannette Sánchez-Palacios, Ventura Mayor
A two-day expo will feature Garmin products, as well as activations from national brand partners and local vendors. Attendees can expect limited edition race gear from Garmin and family-friendly activities like a selfie station and sign-making area. After the race, a finish line festival in downtown Ventura will give runners and spectators a chance to celebrate with local food and entertainment. Both the expo and finish line festival are open to the public.
To ensure a seamless experience for participants, volunteers and residents, Ventura has formed a local organizing committee (LOC) that includes the following entities: Garmin, Visit Ventura, City of Ventura, Ventura Police Department, Ventura Fire Department, Downtown Ventura, Ventura Chamber and California State Parks, among others.
"This event is such a great example of what Ventura does best: we come together. From our local partners and businesses to the many people helping bring the race to life, we hold so much hometown pride in our hearts. We're excited to roll up our sleeves and welcome runners and their families, all while showcasing the kind of community collaboration that makes Ventura so special." —Marlyss Auster, Visit Ventura President and CEO
The Garmin Marathon Series is a bold entry in road running events, wholly owned and produced by Garmin, a global leader in fitness technology and pioneer of the first running smartwatch. Registration for the Garmin Marathon Series is currently open for all race distances in Ventura (2027), as well as Tucson (November 2026) and Durham (May 2027). For additional information about the cities, races, community engagement opportunities and future locations, please visit garmin.com/marathons.
Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor markets. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Elliott Scott
913-397-8200
[email protected]
Robert J. Collier Trophy-winning technology reaches a major milestone as availability continues to expand
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that more than 2,500 aircraft are now equipped with Garmin Autoland, a major milestone achieved just over six years after the technology's initial certification. Now available on more than 15 aircraft models, including piston-powered aircraft and twin-engine jets, Autoland is bringing added peace of mind to a growing number of pilots and passengers across the aviation industry. Recipient of the prestigious Robert J. Collier Trophy and numerous other industry honors, Garmin Autoland is the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention.
More than 2,500 aircraft are now equipped with Garmin’s revolutionary Autoland system "Surpassing 2,500 Autoland-equipped aircraft reflects the incredible adoption of a technology designed to provide pilots and passengers with added confidence when it matters most. From the first certification in 2020 to the expansion in the general aviation market and now into twin-engine jets, Garmin Autoland continues to demonstrate certified, real-world capability across a growing range of aircraft and flight decks."
– Phil Straub, Garmin Executive Vice President and Managing Director, Aviation
First certified in May 2020 on the Piper M600 SLS, Garmin Autoland has expanded across a diverse range of aircraft and can now be found on more than 15 certified models around the world. These include the Piper M600 SLS and M700 FURY; Cirrus Vision Jet G2, G2+ and G3, as well as the SR20 G7+, SR22 G7+ and SR22T G7+; Daher TBM 940, TBM 960 and TBM 980; HondaJet Elite II; select Beechcraft King Air 200, B200, 300 and 350 aircraft; Pilatus PC-12 PRO; and Epic E1000 AX.
In 2026 alone, Garmin Autoland received certifications on four additional aircraft models: the HondaJet Elite II, Embraer Phenom 300EV, Pilatus PC-12 PRO and Epic E1000 AX. The HondaJet Elite II and Phenom 300EV certifications mark the first availability of Garmin Autoland on twin-engine jet aircraft, extending the technology into a new segment of business aviation. Additionally, in 2027, Garmin Autoland certification is expected for Textron Aviation's Cessna Citation M2 Gen3, Cessna Citation CJ3 Gen3, Cessna Citation CJ4 Gen3 and the Beechcraft Denali.
Autoland availability has also expanded across Garmin integrated flight decks, including G1000® NXi, G3000® and G3000 PRIME. Of the more than 2,500 aircraft now flying with Autoland, nearly 250 were retrofitted after delivery, including eligible platforms that were initially delivered without the technology enabled as well as a full retrofit for King Air aircraft, giving new capabilities to an aircraft produced over 50 years ago.
Designed for an emergency situation, such as a pilot incapacitation, a passenger can activate Garmin Autoland to autonomously land the aircraft with a simple press of a dedicated button. Autoland can also activate automatically if the system detects no pilot interaction. Once activated, the system calculates a flight path to the most suitable airport, while avoiding terrain and adverse weather, initiates a stabilized approach to the runway and lands the aircraft – without pilot or passenger intervention. Garmin Autoland is designed to provide the pilot, passenger, and air traffic control (ATC) with confidence and security that the aircraft will autonomously aviate, navigate, and communicate en route to a safe destination during one of the most dire situations – an inflight emergency in which the pilot is unable to perform their normal duties as pilot in command.
Garmin continues to work with aircraft manufacturers and operators to bring Autoland to additional aircraft, building on a proven record of certified, real-world capability and expanding access to the safety-enhancing technology across the aviation industry. For more information, visit Garmin.com/Autoland.
Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, G1000 and G3000 are registered trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACT:
Mikayla Rudolph
913-397-8200
[email protected]
Milestone G1000 NXi installation with Autothrottle completed by Stevens Aerospace & Defense
, /PRNewswire/ -- /PR Newswire – Garmin (NYSE: GRMN) today announced the delivery of its 1,000th G1000® integrated flight deck retrofit for King Air aircraft, marking a significant milestone for the most successful flight deck retrofit program in aviation history. By replacing aging avionics with a modern, fully integrated flight deck, the upgrade gives the proven King Air aircraft new life, helping operators extend their useful service while gaining advanced capabilities, improved reliability and a much more modern flight deck experience.
Garmin marks 1,000th King Air retrofit with G1000 integrated flight deck delivered to the U.S. Army
"Reaching 1,000 King Air retrofits is a testament to the enduring value of this program and the trust customers place in Garmin and our authorized dealer network. From the original G1000 installation to today's G1000 NXi platform with advanced capabilities such as Garmin Autothrottle and Autoland, we have continued to expand the program to serve King Air operators and missions around the world."
– Carl Wolf, Garmin Vice President Aviation Sales, Marketing, Programs & Support
The milestone aircraft, a U.S. Army C-12 Huron, was upgraded by Stevens Aerospace and Defense with G1000 NXi and Garmin Autothrottle. The delivery underscores the long-standing success of Garmin's King Air retrofit program and its ability to provide commercial off-the-shelf avionics solutions for defense missions. The U.S. Army has upgraded more than 40 C-12 Huron aircraft with G1000 NXi thus far, standardizing the fleet with modern, integrated avionics. The 1,000th retrofit was delivered to the U.S. Army during an Oct. 6 celebration at Stevens Aerospace and Defense.
"To maintain mission readiness of the U.S. Army's C-12 fleet through 2050, the Army initiated a comprehensive avionics modernization effort. The Garmin G1000 NXi was selected as the fleet's next-generation avionics solution, and Stevens Aerospace and Defense Systems was awarded the contract to perform the upgrades. Feedback from Army aircrews has been overwhelmingly positive. Warfighters report that the Garmin retrofit, enhanced by the Autothrottle system, reduces cockpit workload, improves ease of operation, and delivers outstanding flight performance, helping ensure the C-12 remains a capable and mission-ready platform for decades to come."
– Jim Williams, Senior Vice President at Stevens Aerospace
"The 1,000th Garmin G1000 cockpit installation is more than an industry milestone—it is a tangible example of Army Aviation's continuous transformation and commitment to delivering ready, resilient capability to the force. By replacing aging analog systems with reliable, data-enabled G1000 technology, we are mitigating obsolescence, reducing lifecycle maintenance burdens, and improving operational readiness. This modernization gives fixed wing Army Aviators enhanced situational awareness and decision advantage while reducing cognitive workload, enabling them to execute complex missions more effectively in demanding and contested operational environments. This achievement reflects the strength of our industrial triad—Stevens Aerospace, Garmin, and Amentum—and demonstrates how government and industry can rapidly deliver modernized capability that positions Army Aviation for the future fight."
– LTC (P) James B. Hickey, Project Manager, Fixed Wing
Garmin received the first supplemental type certificate for a King Air G1000 retrofit in November 2007 and evolved with the January 2017 certification of G1000 NXi. Since then, the program has expanded across multiple King Air variants, including the C90A/B, 200, B200, 300 and 350 series and C-12 variants.
King Air G1000 and G1000 NXi upgrades have been completed around the world, supported by foreign certification validations that make the modernized flight deck available to operators across a broad range of missions. The retrofit replaces legacy avionics with a fully integrated flight deck, including large-screen displays, reducing pilot workload and adding confidence in the cockpit through safety-enhancing features.
More recently, Garmin has introduced additional capabilities for eligible King Air aircraft, including Autothrottle and Autoland. Garmin Autothrottle automatically manages engine power from takeoff through landing to reduce crew workload. It helps maintain selected airspeeds and flight management system speed constraints, protects against potential interstage turbine temperature and torque exceedances, accounts for flap and landing gear position, responds to overspeed and underspeed conditions, and adjusts power following an engine failure. On properly equipped King Air aircraft, Garmin Autoland can take control of the aircraft if the crew is no longer able to perform their duties. The system selects a suitable airport, communicates with air traffic control, navigates to the airport, lands the aircraft and shuts down the engines, all without human intervention.
With the G1000 NXi retrofit solution, King Air owners can take advantage of features like Synthetic Vision Technology (SVT™) that includes a 3D exocentric view of the SafeTaxi® airport environment to aid situational awareness while taxiing. SVT also displays 3D building footprints and increases topographical clarity, sharpened water and terrain boundaries, improved obstacle and powerlines display, enhanced runway and airport sign depiction and more. The system also includes Emergency Descent Mode (EDM) as a standard feature that is enabled automatically, in the event of a loss of aircraft pressurization.
Adding on to Garmin's revolutionary electronic stability and protection (ESP™) technology, one engine inoperative ESP assists the pilot in maintaining control in the event of a single engine failure. ESP pitch and roll limits will adjust to prevent excessive pitch or bank angles while the pilot performs single engine procedures.
Later this year, Garmin expects to certify Autothrottle and Garmin Autoland for King Air aircraft with increased gross weight STCs up to 16,500lbs. For additional information about G1000 and G1000 NXi upgrades for King Air aircraft, visit Garmin.com/KingAir.
Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, G1000 and SafeTaxi are registered trademarks and SVT and ESP are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACT:
Mikayla Rudolph
913-397-8200
[email protected]
New collection introduces larger displays, advanced navigation, on-wrist connectivity and more on
six uniquely designed luxury watches
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced MARQ® – the third generation, a collection of six luxury, modern tool watches purpose-built to support a wide range of passions. Crafted from premium materials designed to perform on land, at sea and in the air, the MARQ Adventurer, MARQ Athlete, MARQ Aviator, MARQ Commander, MARQ Diver and MARQ Golfer boast bezels, straps and bracelets that are unique to each watch, along with an exclusive and customizable watch face collection. New navigation features, including worldwide preloaded mapping and address search, help simplify travel while embedded inReach® connectivity1 makes it easier to communicate on the go. And with a built-in speaker and mic, LED flashlight, everyday health and wellness features and more, users have what they need right on their wrist.
The third-generation MARQ Collection is comprised of six luxury, modern tool watches purpose-built to support a wide range of passions.
"We are thrilled to introduce the third-generation MARQ collection, designed for those who demand excellence. These carefully crafted timepieces combine the sophisticated style MARQ is known for with more advanced navigation and smart features than ever before. Each of the six luxury tool watches are tailored to fit the user's lifestyle and reinforce Garmin's mission to create superior products that help our customers pursue their passions."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Distinctive design
Each piece in the MARQ collection offers an exclusive experience with custom watch straps and bracelets, ceramic bezels with unique inlaid designs and customizable watch faces inspired by much-loved timepieces, including the World Timer, Panda, Flieger and more. Constructed from tough Grade-5 titanium and a strong sapphire lens, the watches are durable while staying lightweight. And with the largest display size yet on a MARQ, the 1.4-inch borderless AMOLED screen offers a clearer view of essential data and details.
Stay on track and in touch
New features on all third-generation MARQ watches help users explore more confidently:
Worldwide preloaded mapping: Ready for adventure right out of the box, preloaded TopoActive maps make it easier to discover new places and navigate to specific addresses anywhere in the world.
inReach connectivity1: Stay connected while on-the-go without a phone. When connected to LTE, make calls right from the watch and allow loved ones to see a live location in the Garmin Messenger™ app with the new Garmin Locate feature. Exchange text and voice messages and get weather forecasts through satellite or LTE. And if an emergency should happen, trigger an SOS message to get help from the 24/7-staffed Garmin Response℠ coordination center.
Speaker and mic: Control the watch with voice commands, use a connected phone's virtual assistant to respond to text messages2 and more with the built-in speaker and microphone.
Integrated flashlight: Keep the adventure or activity going even in low light conditions with the brilliant, built-in LED flashlight with advanced microlensing optics that provides a smooth, uniform illumination.
Health and wellness at a glance
Third-generation MARQ watches help users stay on top of their health and wellness with the addition of features like the ECG app4, which analyzes heart rhythm recordings to detect signs of atrial fibrillation (AFib.) Along with stress, sleep, Pulse Ox, HRV and other insights, users can also get a custom morning report that shows how well they recovered overnight, plus an evening report that lays out how much sleep they need and details about tomorrow's workout, weather and events.
Get to know MARQ – the third generation
MARQ Adventurer
Engineered for exploration, MARQ Adventurer is complete with a full-grain Italian leather strap and leakproof buttons, combining elegance with enough durability to withstand the toughest treks. Integrated, multi-layered mapping and 360-degree compass markings on the ceramic bezel inlay keep adventurers on course. And with the Preloaded ClimbPro feature, get real-time information about current and upcoming climbs while hiking, riding or running without having to plan out a course on a phone or computer beforehand.
MARQ Athlete
For those seeking to redefine the limits, MARQ Athlete boasts advanced training tools that provide a tailored view of an athlete's health and performance. From enhanced stamina metrics that help athletes better understand the impact of their endurance training, to running economy, which measures their overall running efficiency, the robust collection of fitness features gives athletes the insights they need to improve and reach their goals. And with a silicone rubber strap and ceramic bezel with VO2 max indicator, MARQ Athlete can stand up to even the toughest training days.
MARQ Aviator
From passionate pilots to frequent fliers, MARQ Aviator brings timeless style and essential functionality to the skies. With dynamic flight mapping, a dedicated UTC hand to keep track of time zones, aviation weather reporting and more, aviators have the advanced tools they rely on from takeoff to landing – right on their wrist. Complete with a padded calfskin leather bracelet and a polished black ceramic bezel inlay with UTC markings, MARQ Aviator delivers a refined look worthy of the cockpit.
MARQ Commander
MARQ Commander is mission-ready, equipped with a camo jacquard-woven band, micro knurled buttons and a matte black ceramic bezel inlay with UTC time markings. With a full suite of tactical features like night vision capabilities, stealth mode, Applied Ballistics® solver and more, MARQ Commander helps users stay aware and ready to respond, even in challenging environments.
MARQ Diver
The newest member of the MARQ lineup, MARQ Diver is built for life under the water and on the surface. While the 15mm microadjust strap ensures a perfect fit, the tactile leakproof buttons protect the watch during scuba, apnea and snorkel activities up to 40 meters below the surface, making it ready for underwater exploration and everyday wear. And with a collection of essential features to control the helm like autopilot control and tack assist, MARQ Diver is the ultimate companion for days spent on the water.
MARQ Golfer
For those who want to elevate their game, MARQ Golfer is packed with the tools players need to read every course and master every yard – all with a luxurious look. Sporting a jacquard-woven strap and a ceramic bezel inlay with 18-hole indicator, this premium tool watch also includes tailored golf features like Virtual Caddie and green contour data3, along with more than 43,000 preloaded courses.
Available now, MARQ – the third-generation collection has suggested retail prices starting at $2,500. All watches boast up to 18 days of battery life in smartwatch mode. To learn more about the full suite of advanced health, wellness and connected features available throughout the MARQ collection, visit garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.
1 Active plan required; LTE network coverage is not available in all regions. Satellite connection and SOS functionality on this device have important limitations compared to other inReach devices that could affect the performance of connected features, making them unavailable in certain situations. Check garmin.com/marqfeaturerequirements for requirements and limitations and to see which services are accessible in your area – or in areas to where you may be traveling to ensure the performance, coverage, and service levels of this device are suitable for your intended use.
2 When paired with your smartphone, with a data connection and in range of Bluetooth® technology
3 Requires an active Garmin Golf membership
4 The ECG app is only available on select Garmin smartwatches with the latest version of the Garmin Connect smartphone app and watch software. The ECG app is not available in all regions; see Gamrin.com/ecg for availability. The ECG app is only intended for adults aged 22 years and over. The ECG app is capable of recording an ECG similar to a Lead I ECG and detecting the presence of atrial fibrillation or normal sinus rhythm.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, MARQ, inReach, Applied Ballistics and Bluetooth are registered trademarks, Garmin Messenger is a trademark and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Brianna Silverman and Natalie Miller
913-397-8200
[email protected]
Awards from IBEX, the Sea Tow Foundation and Soundings Trade Only
recognize Garmin products and companywide innovation
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it was the proud recipient of several awards recognizing product innovation, boating safety and technology leadership at the 2026 International BoatBuilders' Exhibition and Conference (IBEX) tradeshow. Garmin Signal™ VHF 400 received an IBEX Innovation Award; Garmin OnBoard™ earned a National Boating Safety Award from the Sea Tow Foundation; and Garmin was awarded a Soundings Trade Only EPIC Award for Development & Technology. Garmin was also ranked No. 4 on the program's Top 10 Most EPIC Companies list, the marine industry's only award program that recognizes the work of the entire company, rather than a single product or individual.
Garmin receives several awards at the 2026 International BoatBuilders’ Exhibition and Conference (IBEX) tradeshow. "These honors reflect the many ways Garmin is working to improve the boating experience, from strengthening communication and safety on the water to developing new technologies that move the industry forward. We're proud to see both our products and our broader approach to innovation recognized by so many respected organizations across the marine industry."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
IBEX Innovation Award
Garmin Signal VHF 400 won the OEM Electronics category after standing out among 100 product entries. It combines VHF, DSC and a Class B SOTDMA AIS transponder on a color touchscreen in a compact unit designed to fit nearly any helm. Judges also highlighted its NMEA 2000 integration, support for 12V and 24V systems, and separately powered fist mic with magnetic mounting, which makes the radio easier to install on a wide range of boats. The IBEX Innovation Awards program is managed by the National Marine Manufacturers Association and judged by Boating Writers International (BWI).
National Boating Safety Award
The Garmin OnBoard System received the Sea Tow Foundation's Best Boating Safety Product or Technology Innovation Award, recognizing for-profit companies helped to advance boating safety in the recreational boating industry. The wireless man-overboard (MOB) detection and engine cutoff system can monitor up to eight tags, alert those aboard when an MOB event is detected and stop the engine if the captain falls overboard. The honor marks Garmin's sixth consecutive Boating Safety Award.
Soundings Trade Only EPIC Awards
For the ninth consecutive year – since the award program's inception – Garmin was named a Top 5 company by Soundings Trade Only, a leading trade publication for the recreational boating industry. EPIC – an acronym for exceptional, purposeful, innovative and compassionate – honors companies that are transforming the marine industry through advancements in technology, innovative products and processes, workforce initiatives and more. Garmin also won the Development & Technology category and was commended for pushing the marine industry forward through innovation evidenced by an impressive 15 product launches during the eligibility period.
To learn more about Garmin's award-winning suite of marine electronics, visit garmin.com/marine.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the 12th consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). For more information, visit Garmin's virtual Newsroom, email our press team, connect with @garminmarine on social media, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademarks, and Signal and OnBoard are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K and Form 10-Q are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACT:
Carly Hysell
913-397-8200
[email protected]
Players can gain a better understanding of their overall game with biometric data, swing metrics, green reading and more to help them achieve peak performance
, /PRNewswire/ -- /PR Newswire – Garmin (NYSE: GRMN) today unveiled its new flagship golf smartwatch, Approach® S72, a premium, feature-rich companion on the course that also provides advanced health and wellness features for everyday wear. Available in two sizes – 43mm and 47mm – with bright AMOLED displays, the smartwatch includes a new lightweight ComfortFit fabric band, titanium bezel and sapphire lens to ensure all-day comfort and durability. With biometric data1, including real-time heart rate, golfers can gain a better understanding of how their heart rate changes before and after each shot. What's more, Approach S72 adds on-wrist swing metrics to help players implement changes to their swing based on real data rather than just feel.
Players can gain a better understanding of their overall game with biometric data, swing metrics, green reading and more to help them achieve peak performance. Players also have access to a new feature to give them a better understanding of green contour data. With an active Garmin Golf Membership™, golfers can see what direction putts will break and the average slope percentage on select courses, making it quicker and easier to determine their aim point.
"We're excited to introduce the next generation of golf technology with Approach S72 and help golfers better understand their whole game. From biometric data and swing metrics to advanced golf features and everyday smartwatch tools, Approach S72 gives avid golfers the insights they need to take their game to the next level. It's everything players would want in a golf watch and an everyday smartwatch."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
New features for the course
Golf biometric data: Look back on a completed round and see trends in how heart rate may have impacted the score1. Swing metrics: Golfers can receive advanced insights into their swing with swing metrics, including hand speed, backswing length, wrist rotation and more. Green reading: Golfers can be more confident in their aim point with the green reading feature on select courses, which uses green contour data to make it easier to find the line2. Driving range activity: Not only track swing metrics and learn tendencies but also log driving range activities into the Garmin Connect™ app, so players' practice sessions contribute to their fitness goals. Putting analytics: Receive insights in the Garmin Golf app following a round on speed bias, direction bias, make rate and more to help evaluate strengths and weaknesses on the green2. Aerial imagery: Get an enhanced view of the shot ahead with real imagery of the hole to make more informed decisions about where to layup, the best place to miss and more2. Built for all-day wear
Premium build: Constructed with a lightweight titanium bezel that won't hinder a golf swing, the device also features a sapphire lens for durability and a ComfortFit fabric band to ensure a perfect fit on the golfer's wrist. Speaker and microphone: Make and take phone calls and perform basic tasks – on and off the course – with voice commands on Garmin's first golf smartwatch to offer these attributes. Built-in flashlight: Find equipment in the golf bag or illuminate a dark area with a flashlight with variable intensities of white light and a red light. Battery life: Play multiple rounds without needing to re-charge as the larger smartwatch boasts up to 20 hours of battery life on the course and up to 16 days when the GPS is turned off. Maximize performance
Designed for wear both on and off the links, the Approach S72 includes many top-tier fitness features to help golfers improve their overall health and reach peak form each round. Players can get a complete health picture with wrist-based heart rate, stress tracking, Body Battery™ energy monitoring, advanced sleep monitoring and more1. The smartwatch also includes a full complement of preloaded activity profiles to help players work on their strength and mobility.
The Approach S72 golf smartwatches are available now with suggested retail prices starting at $799.99. Learn more about Garmin's full lineup of golf products here.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.
1This is not a medical device and is not intended for use in the diagnosis or monitoring of any medical condition; see Garmin.com/ataccuracy.
2Requires an active Garmin Golf membership.
About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and Approach are registered trademarks and Garmin Golf, Garmin Connect and Body Battery are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Media Contacts:
Mike Cummings and Elise Jessee
913-397-8200
[email protected]
Comprehensive power modes, enhanced stamina metrics, a ComfortFit Fabric Band and Garmin Epic help endurance athletes and multiday adventurers train, race and explore even farther
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced Enduro™ 4, its longest-lasting GPS smartwatch with solar charging, which includes dynamic features and capabilities to take endurance enthusiasts farther on their next expedition. Utilizing an energy-efficient 1.4" MIP display in combination with a solar lens, Enduro 4 has up to 320 hours of battery life in activity mode1 or up to 90 days of battery life in smartwatch mode2. It also leverages innovative updates like grade-adjusted pace-based workout targets, grade-adjusted rolling pace, stamina zones, stamina curve and Garmin Epic multiday activity logging.
Comprehensive power modes, enhanced stamina metrics, a ComfortFit Fabric Band and Garmin Epic help endurance athletes and multiday adventurers train, race and explore even farther. "As interest and participation in ultra-endurance activities continue to grow, Enduro 4 is designed for athletes and adventurers who want gear they can trust to perform through every mile, every climb and every challenge. Intuitive features like comprehensive power modes make the most of the long-lasting battery life, while grade-adjusted metrics add a new dimension to preparing for hilly or mountainous terrain."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Grade-adjusted features, stamina metrics and more
In addition to 100+ activity profiles, Enduro 4 introduces new capabilities to the Enduro line, optimized for trail runners, multiday hikers and backpackers, and endurance athletes.
Comprehensive power modes provide preset options to optimize battery life and performance based on the needs of the user. Configurations include Max Accuracy, which offers full-feature tracking for shorter efforts, and Max Battery, ideal for extended activity recording (up to 320 hours with solar charging). Grade-adjusted pace-based workout targets help athletes maintain the right effort range on hilly terrain, while grade-adjusted rolling pace provides a real-time view of pace over varying terrain. Stamina zones show athletes how their stamina impacts an activity, and stamina curve helps users understand how their endurance changes over time based on fitness and training history. With 50% more RAM than Enduro 3 and a more powerful, updated map engine, navigation is easier than ever with 30% faster panning and a smoother, more intuitive map interface for built-in routable maps. Perspective view provides more detail, both close-up and further away, allowing users to better anticipate what comes next. Garmin Epic allows athletes to combine multiple activities into one cohesive story in Garmin Connect™. Activities can be grouped together over days, weeks or months to create an "Epic", which enables users to add photos and share with family and friends, as well as see health and performance data aggregated during that period. Enhanced rowing tools provide additional training insights like VO2 max and power curve for indoor rowing activities, while expanded rucking features let users adjust pack weight during an activity and set target metrics like calories burned. Premium design for maximum versatility
Enduro 4 weighs in at an incredible 66 grams, making it one of the lightest ultraperformance smartwatches on the market. With a 51mm case, Power Sapphire™ scratch-resistant lens, titanium bezel and lightweight fiber-reinforced polymer case, it is built for the demands of the longest races and most taxing adventures, remaining remarkably light on the wrist. An integrated LED flashlight includes both white and red-light options, while a 10 ATM water resistance rating enables confident use in challenging environments.
New to Enduro 4, the ComfortFit Fabric Band combines exceptional comfort, durability and moisture-wicking performance with QuickFit™ functionality, making adjustments and swapping bands even simpler. 64 GB of memory gives users more room for onboard maps, music and data, making it easier to stay prepared for extended adventures away from home.
Available now, Enduro 4 has a suggested retail price of $899.99. Learn more at Garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.
1 Assumes continuous use for entire period in 50,000 lux conditions and typical use with activity mode (extended battery) selected
2 Assumes all-day wear with 3 hours per day outside in 50,000 lux conditions
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Enduro, Garmin Connect, Power Sapphire and QuickFit are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Elliott Scott
913-397-8200
[email protected]
Garmin (GRMN - Free Report) closed the most recent trading day at $285.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The maker of personal navigation devices's stock has climbed by 1.49% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of Garmin in its upcoming release. The company is slated to reveal its earnings on October 28, 2026. The company's upcoming EPS is projected at $2.38, signifying a 19.60% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 12.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.08 per share and a revenue of $8.09 billion, demonstrating changes of +17.76% and +11.7%, respectively, from the preceding year.
Any recent changes to analyst estimates for Garmin should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Garmin is currently a Zacks Rank #2 (Buy).
With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.91. This expresses a premium compared to the average Forward P/E of 20.65 of its industry.
One should further note that GRMN currently holds a PEG ratio of 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.28.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Daktronics (DAKT - Free Report) or Garmin (GRMN - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, both Daktronics and Garmin are sporting a Zacks Rank of #2 (Buy). This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
DAKT currently has a forward P/E ratio of 14.48, while GRMN has a forward P/E of 27.91. We also note that DAKT has a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GRMN currently has a PEG ratio of 3.14.
Another notable valuation metric for DAKT is its P/B ratio of 2.72. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, GRMN has a P/B of 6.01.
These metrics, and several others, help DAKT earn a Value grade of A, while GRMN has been given a Value grade of D.
Both DAKT and GRMN are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that DAKT is the superior value option right now.
Garmin products also receive six Product of Excellence awards across key marine categories
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it has been named Manufacturer of the Year by the National Marine Electronics Association (NMEA®) for the 12th consecutive year, a distinction that underscores more than a decade of leadership in marine electronics innovation, product quality, service and support. Garmin also received six Product of Excellence awards as voted on by NMEA dealers, certified installers and industry professionals, recognizing standout products across multiple categories.
Garmin is the 2026 NMEA Manufacturer of the Year, the company's 12th consecutive year earning this recognition. "Winning this award once is an achievement. Earning it 12 years in a row speaks to the trust dealers, installers and boaters place in Garmin products and service. It's especially meaningful because it comes from the marine industry professionals who install, sell and support our products and see firsthand how they perform on the water. We're grateful to the NMEA membership for this recognition and remain committed to supporting the dealers, installers and boaters who rely on Garmin every day."
–Dave Dunn, Garmin Senior Director of Marine & RV Sales
Since first earning NMEA's top honor in 2015, Garmin has expanded its marine electronics portfolio with solutions spanning navigation, sonar, trolling motors, communication, safety, audio, lighting and connected boating technologies. This year's recognition reflects Garmin's ongoing commitment to developing products and services designed to help customers get more out of their time on the water.
2026 Garmin Product of Excellence Awards
MFD: GPSMAP® 9227
At 27 inches, this is the industry's largest integrated 4K resolution touchscreen chartplotter. Garmin has earned the MFD category win for 12 consecutive years. Autopilot: Reactor™ 40 Hydraulic Autopilot with SmartPump v2
Recreational autopilot system with AHRS technology. This continues Garmin's 14-year winning streak in the autopilot category. Marine Safety Device: Garmin OnBoard™ System
Wireless MOB detection and engine cutoff system. Garmin earned the top honor in the marine safety device category for the second consecutive year. Live Sonar: LiveScope™ Plus System
See images clearly with improved resolution, reduced noise, clearer images and better target separation. AIS: Cortex® M1 Hub
Communication hub with smartAIS® transponder and remote vessel monitoring. This honor extends Garmin's AIS category streak to three years in a row. Satellite Communication Antenna: inReach® Mini 3
SOS satellite communicator1 with a color touchscreen display. This is Garmin's third straight win in the satellite communication antenna category. "These awards showcase the very best in marine electronics technology. Every year, our members and certified installers select products that they trust and rely on to deliver performance, safety, and innovation on the water." –Mark Reedenauer, NMEA President and Executive Director
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin's virtual Newsroom, email our press team, connect with @garminmarine on social media, or follow our blog.
1 Active satellite subscription required. Some jurisdictions regulate or prohibit the use of satellite communication devices. It is your responsibility to know and follow applicable laws in jurisdictions where the device is intended to be used.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, Cortex, SmartAIS and inReach are registered trademarks, and Reactor, OnBoard and LiveScope are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K and Form 10-Q are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACT:
Carly Hysell
913-397-8200
[email protected]
Mohawk Industries (NYSE:MHK – Get Free Report) and Garmin (NYSE:GRMN – Get Free Report) are both consumer discretionary companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, earnings, profitability, valuation and risk.
Valuation and Earnings This table compares Mohawk Industries and Garmin”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Mohawk Industries $10.79 billion 0.78 $369.90 million $7.55 16.54 Garmin $7.25 billion 7.71 $1.66 billion $9.70 29.88 Garmin has lower revenue, but higher earnings than Mohawk Industries. Mohawk Industries is trading at a lower price-to-earnings ratio than Garmin, indicating that it is currently the more affordable of the two stocks. Insider & Institutional Ownership 79.0% of Mohawk Industries shares are owned by institutional investors. Comparatively, 81.6% of Garmin shares are owned by institutional investors. 17.9% of Mohawk Industries shares are owned by insiders. Comparatively, 14.8% of Garmin shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Volatility & Risk Mohawk Industries has a beta of 1.18, meaning that its share price is 18% more volatile than the S&P 500. Comparatively, Garmin has a beta of 0.85, meaning that its share price is 15% less volatile than the S&P 500.
Analyst Ratings This is a summary of recent ratings and price targets for Mohawk Industries and Garmin, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Mohawk Industries 0 12 3 1 2.31 Garmin 0 4 2 2 2.75 Mohawk Industries currently has a consensus target price of $132.08, suggesting a potential upside of 5.77%. Garmin has a consensus target price of $310.17, suggesting a potential upside of 7.02%. Given Garmin’s stronger consensus rating and higher possible upside, analysts plainly believe Garmin is more favorable than Mohawk Industries.
Profitability This table compares Mohawk Industries and Garmin’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Mohawk Industries 4.15% 7.50% 4.60% Garmin 24.47% 20.95% 17.06% Summary Garmin beats Mohawk Industries on 11 of the 15 factors compared between the two stocks.
(Get Free Report)
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. The company provides ceramic, porcelain, and natural stone tiles products for floor and wall applications; natural stones, porcelain slabs, and quartz countertops, as well as installation materials; floor covering products comprising broadloom carpets, carpet tiles, rugs and mats, carpet pads, laminates, medium-density fiberboards, wood floorings, luxury vinyl tiles, and sheet vinyl; and roofing panels, insulation boards, mezzanine flooring products, medium-density fiberboard, and chipboards. It also licenses its intellectual property to flooring manufacturers. The company sells its products under the American Olean, Daltile, Decortiles, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, Ragno, Aladdin Commercial, Durkan, Foss, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, Quick-Step, Feltex, GH Commercial, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Lentex, Leoline, and Moduleo, Redbook, Unilin, and Vitromex brands. It offers its products to company-owned service centers and stores, company-operated distributors, floor covering retailers, wholesalers, mass merchandisers, department stores, shop at home, buying groups, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors, and commercial end users. The company was incorporated in 1988 and is headquartered in Calhoun, Georgia.
About Garmin (Get Free Report)
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides 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, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds and satellite communicators, golf devices, consumer automotive devices, and dog devices, as well as InReach and Gramin response communication device. Its Aviation segment 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 various services. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products and accessories, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment units; and software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
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In the latest close session, Garmin (GRMN - Free Report) was down 1.3% at $290.23. The stock's change was less than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Shares of the maker of personal navigation devices have appreciated by 3.5% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.58%, and outperforming the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.99 billion, showing a 12.32% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.08 per share and a revenue of $8.09 billion, representing changes of +17.76% and +11.7%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Garmin. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Garmin is currently sporting a Zacks Rank of #2 (Buy).
From a valuation perspective, Garmin is currently exchanging hands at a Forward P/E ratio of 29.19. Its industry sports an average Forward P/E of 20.44, so one might conclude that Garmin is trading at a premium comparatively.
We can additionally observe that GRMN currently boasts a PEG ratio of 3.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Miscellaneous Products industry had an average PEG ratio of 1.38 as trading concluded yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
, /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2026 earnings conference call on Wednesday, October 28, 2026, at 10:30 a.m. EDT, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on October 28, 2026.
The conference call can be accessed by registering online at GRMN Q3 2026 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID.
The live webcast will be accessible from the Garmin Ltd. investor relations website on the News & Events page. An archive of the live webcast will be available for one year after the webcast date.
Contact: [email protected]
About Garmin Ltd.:
For more than 35 years, Garmin has developed innovative technology for the fitness, outdoor, aviation, marine and automotive OEM markets. Engineered on the inside for life on the outside, Garmin products are purpose built to help people make the most of the time they spend pursuing their passions. Garmin is committed to building products known for quality, reliability, and durability across its global portfolio of connected devices and services. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's Newsroom, email [email protected] or follow us on LinkedIn.
INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | +1 913-397-8200
Email | [email protected]
MEDIA CONTACT:
Krista Klaus
Garmin International, Inc.
Phone | +1 913-397-8200
Email | [email protected]
First-of-its-kind solution adds MYLAPS advanced racing technology into the Garmin motorsports product line, enabling faster awareness on the track OLATHE, Kan., Sept. 22, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a real-time high-performance racing solution that allows drivers to quickly view digital flag signals and changing track conditions from the cockpit.
Latest software release includes fall detection, hands-free voice control, new running plans and more OLATHE, Kan., Sept. 22, 2026 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced several new software and feature updates for select smartwatches, including the fēnix® 8 series, Forerunner® 570 and Forerunner 970, Venu® 4 and vívoactive® 6, as well as compatible Edge® cycling computers.
In the latest close session, Garmin (GRMN - Free Report) was up +2.28% at $280.31. The stock outpaced the S&P 500's daily gain of 1.49%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
Prior to today's trading, shares of the maker of personal navigation devices had lost 7.05% lagged the Computer and Technology sector's gain of 2.97% and the S&P 500's gain of 0.1%.
Market participants will be closely following the financial results of Garmin in its upcoming release. On that day, Garmin is projected to report earnings of $2.38 per share, which would represent year-over-year growth of 19.6%. Our most recent consensus estimate is calling for quarterly revenue of $1.99 billion, up 12.32% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.08 per share and a revenue of $8.09 billion, representing changes of +17.76% and +11.7%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Garmin. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Garmin is holding a Zacks Rank of #1 (Strong Buy) right now.
In the context of valuation, Garmin is at present trading with a Forward P/E ratio of 27.2. This denotes a premium relative to the industry average Forward P/E of 20.22.
It is also worth noting that GRMN currently has a PEG ratio of 3.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Health and fitness is increasingly becoming part of everyday consumer behavior rather than a stand-alone lifestyle category. From exercise and nutrition to preventive care and digital monitoring, people are taking a more active role in managing their physical and mental well-being. This shift has broadened the industry's reach across fitness centers, nutrition products, healthcare services, wellness programs and technology-driven solutions.
Digital tools are accelerating this transition. Wearables and health applications allow users to track activity, sleep and other wellness metrics, while virtual coaching and connected platforms make personalized guidance easier to access. Growing concern about obesity, chronic illnesses and mental health is also encouraging consumers to focus more on prevention and consistent lifestyle improvements instead of relying only on treatment after health problems develop.
Large technology companies are expanding their presence in this space. Apple (AAPL - Free Report) uses the Apple Watch and Fitness+ to connect health monitoring with workouts and fitness content. Amazon (AMZN - Free Report) , through One Medical, is building a broader healthcare platform supported by virtual services and AI-enabled tools. Such offerings illustrate how the boundaries between fitness, healthcare and consumer technology are becoming increasingly blurred.
The long-term market opportunity remains substantial. The global health and wellness market is projected to reach $7.76 trillion by 2035, a CAGR of 4.94% from 2026. Preventive healthcare programs, employee wellness initiatives and supportive public policies are expected to contribute to this growth.
Consumer preferences are also becoming more specialized. Boutique fitness studios, premium wellness clubs, personalized nutrition services and connected health devices are gaining attention as people seek solutions tailored to their individual goals. These trends can create opportunities for companies, such as The Vita Coco Company, Inc. (COCO - Free Report) , Garmin Ltd. (GRMN - Free Report) and Herbalife Ltd. (HLF - Free Report) , which participate in different areas of the broader health and fitness ecosystem.
From an investment perspective, the theme is supported by a structural shift toward healthier lifestyles, greater use of digital health technology and stronger interest in preventive care. The Health & Fitness Screenbrings together companies exposed to these trends, giving investors a way to explore businesses positioned across the expanding wellness economy.
Ready to uncover more transformative thematic investment ideas? Explore 40 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity.
3 Health & Fitness Stocks to Buy NowThe Vita Coco Company has built its health-and-fitness exposure around a portfolio of functional, plant-based beverages. Its core offering is Vita Coco coconut water, supported by products such as Vita Coco Extra Coconut, Coconut Juice, Farmers Organic, Coconut MLK and Vita Coco Treats. The Zacks Rank #1 (Strong Buy) company also sells coconut oil and supplies private-label coconut water and coconut oil to retailers. Its most directly fitness-focused product is PWR LIFT, a protein-infused sports drink formulated with electrolytes, BCAAs and no sugar for post-workout hydration and recovery. You can see the complete list of today’s Zacks #1 Rank stocks here.
The business has gradually moved beyond its original coconut-water focus. Vita Coco entered the U.S. market in 2004 and helped establish packaged coconut water as a lifestyle beverage. Over time, the brand expanded from mostly pure coconut water into a wider group of coconut-based drinks and plant-based alternatives. In 2021, the company launched PWR LIFT to address fitness and recovery occasions, giving it a more direct presence in sports nutrition. While the product has gained traction online, Vita Coco was still refining its long-term retail strategy and planned to continue online sales while reworking its approach to the protein-drink category in 2026.
This evolution fits the company’s broader position in functional beverages. Management sees rising interest in hydration, lower added sugar, fewer artificial ingredients and products that provide added functional benefits. Vita Coco therefore competes with not only coconut-water brands but also sports drinks, enhanced waters, energy drinks and other functional beverages. Its innovation efforts focus on natural, functional ingredients, with development aimed at adding new benefits, improving taste and creating products for different occasions and consumer needs. The company also distributes through fitness clubs alongside traditional retail and e-commerce channels, extending its reach into settings closely connected with active lifestyles.
Garmin has broadened its role in health and fitness well beyond its roots in GPS technology, creating a connected portfolio that combines wearables, training equipment, health-monitoring devices and digital services. Its fitness lineup includes Forerunner running watches, cycling computers, Tacx indoor trainers and smartwatches sold under brands such as Venu, vívoactive, vívomove, Lily, vívosmart and Bounce. The range also covers heart rate monitors, smart scales, blood pressure monitors and sleep-monitoring products. Supporting this hardware is Garmin Connect, which lets users track exercise, review health and wellness information, join challenges and training groups, and study performance trends. Garmin Connect+ adds premium dashboards and insights, while the Connect IQ platform enables outside developers to build apps, widgets and watch faces. This combination has gradually shifted Garmin toward a more integrated fitness and wellness ecosystem rather than a business centered mainly on standalone devices.
The #1 Ranked company has also widened the types of users and training needs it can address. Garmin's products support runners, cyclists, multisport athletes and consumers focused on everyday wellness, with capabilities ranging from continuous health and heart rate monitoring to ECG features, music storage, Garmin Pay and more advanced training functions. Its MYLAPS operations add another dimension by supplying timing and performance-analysis technology to athletes, clubs, event organizers and sports federations. Garmin further expanded its training presence through the acquisitions of TrainingPeaks and TrainHeroic, adding platforms focused on endurance and strength coaching. These businesses can link workout information generated by Garmin devices with coaches who evaluate performance and provide more individualized guidance, strengthening the connection between wearable technology and structured training.
Garmin continues to build on this model through new devices, software and services designed to keep users engaged for longer. In the latest reported quarter, it launched the Forerunner 70 and Forerunner 170 running smartwatches and unveiled the CIRQA Smart Band, a screen-free wearable that provides health and wellness insights without a subscription requirement. Management also highlighted healthy demand for higher-end wearables and growth across fitness product categories, while expecting fitness to remain Garmin's largest growth contributor in 2026. With hardware increasingly supported by coaching platforms, connected software, subscription offerings and health-monitoring capabilities, Garmin's fitness business is evolving toward a broader platform covering exercise, recovery, wellness and ongoing performance management.
Herbalife has developed its health and fitness business around science-backed nutrition products, personalized coaching and community support. Its portfolio spans weight management, targeted nutrition, energy, sports and fitness, and outer nutrition products across 95 markets. Key offerings include Formula 1 Healthy Meal, Herbal Tea Concentrate, Protein Drink Mix, Personalized Protein Powder and the Herbalife24 sports nutrition line. Energy, sports and fitness products are specifically designed to support active lifestyles, while weight-management products include meal replacements, protein shakes, snacks and supplements. Formula 1 remains the company’s largest product line.
Over its 46-year history, Herbalife has broadened from selling nutrition products to supporting wider health, fitness and lifestyle goals. Its direct-selling model places independent Members at the center of the experience, providing customers with product education, coaching and encouragement. Members have also developed programs that make health and fitness more interactive. These include Nutrition Clubs, Weight Loss Challenges, Fit Camps and Wellness Evaluations, which encourage regular product use while creating social support around nutrition and physical activity. Herbalife says growing interest in fitness, healthier living and nutrition has helped shape the business over time.
Product development has increasingly widened Herbalife’s reach beyond its traditional shake and supplement base. The Zacks Rank #1 company continues to invest in nutrition and botanical science, using internal research teams, outside experts and global advisory boards covering nutrition, dietetics, fitness and outer nutrition. Recent expansion has included Protein Gelato as a healthier snack option, MultiBurn for metabolic health and weight-loss support, and Life I/O, a healthy-lifespan brand whose first product, Baseline, was designed to support cellular health. This evolution shows Herbalife moving toward a broader wellness platform that combines nutrition, fitness support, product innovation and personalized guidance.
Garmin (GRMN - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Garmin basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Garmin, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for GarminThis maker of personal navigation devices is expected to earn $10.08 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Garmin. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Garmin to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
On September 16, 2026, we delve into the DCF analysis for Garmin Ltd GRMN, a company that has seen a robust year-to-date performance of +39.2%, despite a recent dip of -9.7% over the past month. The current price stands at $278.97, leading to a compelling discussion on its intrinsic value.
DCF Earnings-based intrinsic value of $256.47 vs current price (margin of safety: -8.8%) DCF FCF-based intrinsic value of $250.86 vs current price (modestly overvalued) GF Score™ of 98/100 indicates strong reliability of the DCF inputs What Is GRMN Worth? DCF Earnings-Based Model The DCF earnings-based model for Garmin Ltd suggests a two-stage growth approach. In the first stage, we anticipate a strong growth rate of 12.0% for the next 10 years, followed by a terminal growth rate of 4% for the subsequent 10 years. The discount rate applied is 11%, reflecting a risk-adjusted return expectation.
Parameter Value Current EPS (TTM, excl. non-recurring) $9.70 10-Year Growth Rate 12.0% 10-Year Treasury Rate 4.99% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the DCF model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 12.0%, discounted at 11% $147.38 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $109.09 Intrinsic Value Growth + Terminal $256.47 Comparing the current price of $278.97 with the intrinsic value of $256.47 indicates that Garmin is fairly valued, with a margin of safety of -8.8%. It's important to note that GuruFocus emphasizes using EPS without non-recurring items, as research indicates a stronger correlation between stock prices and earnings than with free cash flow. For further insights, visit the GRMN DCF Calculator.
What Does the Free Cash Flow DCF Say? The DCF model based on Free Cash Flow (FCF) yields an intrinsic value of $250.86. This value is lower than the earnings-based intrinsic value, indicating a divergence between the two models. The FCF-based model suggests that Garmin is modestly overvalued, with a margin of safety of -11.2%.
How Does GF Value™ Compare to the DCF Models? Garmin's GF Value™ is calculated at $244.10, providing a third perspective on its valuation. This proprietary measure from GuruFocus takes into account historical trading multiples, past business growth, and future performance estimates. The divergence among the three models—earnings DCF, FCF DCF, and GF Value™—highlights the complexity of valuing Garmin, with the earnings DCF suggesting fair value while the FCF and GF Value™ indicate overvaluation. For more details, check the GF Value™.
What Does GRMN's GF Score™ Tell Us? The GF Score™ measures the overall quality of a stock based on various factors, including financial strength, profitability, growth potential, valuation, and momentum. Garmin boasts a strong GF Score™ of 98/100, reflecting its solid fundamentals and growth prospects. The predictability rank of 3/5 stars suggests that the DCF model's reliability is moderate, indicating that while the projections are reasonable, they should be approached with caution.
Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with lower predictability ratings tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions accurately.
What This Means for Investors In synthesizing the findings from the DCF earnings model, the FCF model, and the GF Value™, we observe a notable tension in the valuations. While the earnings DCF suggests Garmin is fairly valued, the FCF model and GF Value™ indicate a modest overvaluation. This discrepancy is further complicated by the guru ownership signal, with 8 gurus currently holding the stock—6 increasing their positions and 2 trimming them—while insiders have sold $19.9M worth of shares over the past year. This mixed signal from both gurus and insiders adds another layer of complexity to the investment thesis. For a deeper dive into the valuation, explore the GRMN DCF Calculator.
Frequently Asked Questions What is GRMN's intrinsic value based on DCF?
earnings-based $256.47, FCF-based $250.86
Is GRMN overvalued or undervalued?
Based on the DCF and GF Value™ consensus, GRMN appears to be modestly overvalued.
How reliable is the DCF model for GRMN?
With a predictability rank of 3/5, the DCF model's reliability for GRMN is moderate.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Arizona State Retirement System lifted its holdings in Garmin Ltd. (NYSE:GRMN – Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,909 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,470 shares during the period. Arizona State Retirement System’s holdings in Garmin were worth $11,143,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Groupe la Francaise increased its position in shares of Garmin by 346.4% in the first quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 97 shares in the last quarter. Reflection Asset Management acquired a new stake in Garmin in the 4th quarter valued at $32,000. Atlas Capital Advisors Inc. purchased a new stake in Garmin in the 4th quarter worth $34,000. Archer Investment Corp purchased a new stake in Garmin in the 1st quarter worth $37,000. Finally, SHP Wealth Management acquired a new position in Garmin during the fourth quarter worth $44,000. Institutional investors and hedge funds own 81.60% of the company’s stock.
Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on GRMN. Morgan Stanley lifted their target price on shares of Garmin from $249.00 to $289.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research report on Thursday, August 6th. UBS Group set a $370.00 price target on shares of Garmin in a research note on Thursday, August 6th. KeyCorp reiterated a “sector weight” rating on shares of Garmin in a report on Wednesday, September 2nd. Finally, Barclays boosted their price objective on Garmin from $238.00 to $297.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.17.
Read Our Latest Stock Analysis on Garmin Garmin Trading Down 1.3% GRMN stock opened at $272.01 on Thursday. The firm has a 50-day moving average of $275.03 and a two-hundred day moving average of $253.94. Garmin Ltd. has a 12 month low of $186.67 and a 12 month high of $314.28. The company has a market cap of $52.46 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.08 and a beta of 0.85.
Garmin (NYSE:GRMN – Get Free Report) last issued its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.51. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 EPS. As a group, equities analysts forecast that Garmin Ltd. will post 10.08 earnings per share for the current year.
Insider Buying and Selling In related news, VP Joshua H. Maxfield sold 1,152 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $291.13, for a total value of $335,381.76. Following the completion of the transaction, the vice president directly owned 15,042 shares in the company, valued at approximately $4,379,177.46. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sean Biddlecombe sold 986 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $292.88, for a total value of $288,779.68. Following the transaction, the director owned 6,021 shares of the company’s stock, valued at approximately $1,763,430.48. This represents a 14.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,108 shares of company stock worth $4,808,799. 14.80% of the stock is currently owned by corporate insiders.
Garmin Profile (Free Report)
Garmin Ltd. is a technology company that develops products and services based on global positioning system (GPS) and other navigation technologies. The company serves consumers, businesses and specialized markets through its fitness, outdoor, aviation, marine and automotive original equipment manufacturer (OEM) segments.
Its product portfolio includes smartwatches and cycling computers, sports and activity trackers, outdoor navigation devices, satellite communication products, aviation avionics and navigation systems, marine chartplotters and sonar equipment, and in-vehicle navigation and infotainment solutions.
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California State Teachers Retirement System raised its position in Garmin Ltd. (NYSE:GRMN – Free Report) by 23,029.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,413,980 shares of the scientific and technical instruments company’s stock after buying an additional 59,157,102 shares during the period. California State Teachers Retirement System owned 30.81% of Garmin worth $14,113,197,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Garmin during the fourth quarter worth $979,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Garmin by 121.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 107,929 shares of the scientific and technical instruments company’s stock valued at $25,041,000 after buying an additional 59,229 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Garmin in the second quarter valued at about $1,447,000. Commerzbank Aktiengesellschaft FI lifted its position in Garmin by 282.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 6,518 shares of the scientific and technical instruments company’s stock worth $1,322,000 after buying an additional 4,814 shares in the last quarter. Finally, Westerkirk Capital Inc. lifted its position in Garmin by 88.2% during the 4th quarter. Westerkirk Capital Inc. now owns 20,700 shares of the scientific and technical instruments company’s stock worth $4,199,000 after buying an additional 9,700 shares in the last quarter. 81.60% of the stock is owned by institutional investors.
Garmin Trading Down 0.5% Shares of NYSE:GRMN opened at $275.55 on Wednesday. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $314.28. The stock has a market capitalization of $53.14 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.10 and a beta of 0.85. The business has a 50-day moving average price of $274.35 and a two-hundred day moving average price of $253.71.
Garmin (NYSE:GRMN – Get Free Report) last issued its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $2.17 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts predict that Garmin Ltd. will post 10.08 EPS for the current year. Insider Buying and Selling at Garmin In other Garmin news, VP Joshua Maxfield sold 1,152 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $291.13, for a total value of $335,381.76. Following the transaction, the vice president directly owned 15,042 shares of the company’s stock, valued at approximately $4,379,177.46. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Biddlecombe sold 986 shares of Garmin stock in a transaction on Friday, July 31st. The stock was sold at an average price of $292.88, for a total transaction of $288,779.68. Following the sale, the director directly owned 6,021 shares of the company’s stock, valued at $1,763,430.48. This represents a 14.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,108 shares of company stock valued at $4,808,799. 14.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes Several research firms have weighed in on GRMN. KeyCorp restated a “sector weight” rating on shares of Garmin in a research report on Wednesday, September 2nd. UBS Group set a $370.00 target price on shares of Garmin in a research note on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Friday. Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Garmin from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.17.
Read Our Latest Report on Garmin
Garmin Profile (Free Report)
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.
Featured Articles Five stocks we like better than Garmin Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding GRMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garmin Ltd. (NYSE:GRMN – Free Report).
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Simplify the drive with modern GPS that offers a low-profile design and seamless navigation for the daily commute, long-distance travel and everything in-between
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced completely redesigned Garmin Drive™ navigators, user-friendly GPS solutions to simplify life on the road for all types of drivers. Boasting a unique, high-resolution ultrawide display in two sizes – 7.1- or 8.8-inch – the device's low-profile design is built to be unobtrusive to the driver's line of sight. Users can easily make menu and navigation selections directly from the map with an intuitive interface that shows traffic signs and stop lights along the route for heightened awareness of what's ahead.
Simplify the drive with modern GPS that offers a low-profile design and seamless navigation for the daily commute, long-distance travel and everything in-between. "With our new Garmin Drive navigators, we've elevated time behind the wheel with a refined navigation experience. From the expansive ultrawide displays to the updated interface and connected features, every detail is thoughtfully crafted to deliver greater confidence, clarity and peace of mind on the road."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
Travel with confidence
Packed with features for all types of drivers, the new Garmin Drive navigators are ready to guide every trip from a daily commute to a cross-country expedition.
Clearly view the route on the all-new ultrawide, edge-to-edge high-resolution display. Easily choose preferred routes and destinations directly from the map-view, while intuitive screen selections, voice commands1, and tap and swipe options allow users to navigate their way. See upcoming traffic lights and stop signs along the route to heighten awareness, while drivers can also receive alerts for upcoming sharp curves, speed changes, school zones and more. Easily find Electric Vehicle charging stations on the route; filter by charging power and receive live availability. Or, see dynamic fuel pricing on the way to the destination all while connected to the Garmin Drive app on a compatible smartphone. Stay aware of possible delays with real-time weather conditions and live traffic data along the route2. Seamlessly search and share points of interest from a connected smartphone to the navigator2 and route there. Browse for best-rated hotels, restaurants and attractions with TripAdvisor® traveler ratings. Drive confidently with preloaded detailed street maps of North America; easily update maps and software when connected to Wi-Fi®. The Garmin Drive GPS navigators are available now with suggested retail prices ranging from $299.99 to $349.99. To learn more, visit garmin.com/automotive.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.
1Spoken commands are available in English, German, French, Spanish, Italian, Danish, Dutch and Swedish.
2Available when using the Garmin Drive app on a connected smartphone.
About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Garmin Drive is a trademark of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Adrieanna Norse
913-397-8200
[email protected]
AXQ Capital LP increased its position in shares of Garmin Ltd. (NYSE: GRMN) by 883.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,325 shares of the scientific and technical instruments company's stock after buying an additional 8,377 shares during the period.
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Garmin Ltd. (GRMN - Free Report) : This navigation technology company has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.3% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.5%, compared with the industry average of 0.0%.
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Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Daktronics (DAKT) or Garmin (GRMN). But which of these two companies is the best option for those looking for undervalued stocks?
Next-gen sound systems bring together Garmin's innovative features, including built-in DSP and Easy Tune, with a modern look and feel to keep the party going on the water
, /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced JL Audio® A60 and JL Audio A60-H marine head units that produce world-class sound with the choice between a sleek, modern aesthetic or compact hideaway design. Enjoy premium sound from four audio zones with Garmin's most advanced audio technology featuring Digital Signal Processing (DSP) and Easy Tune via the redesigned Garmin Audio app. Boaters can control the playlist from anywhere on board via remotes, the Garmin Audio app or compatible quatix® marine smartwatches.
Next-gen sound systems bring together Garmin's innovative features, including built-in DSP and Easy Tune, with a modern look and feel. "We're excited to offer boat owners a new premium, convenient and affordable audio solution that will entertain on every trip. The new JL Audio A60 head units bring together a robust feature set, including built-in Digital Signal Processing, superior Bluetooth connectivity and a modern-looking design to fit with the current trends in mid-size boats."
–Susan Lyman, Garmin Vice President of Global Consumer Sales & Marketing
What's new?
Bluetooth™ LE audio streaming: Enjoy advanced audio streaming with enhanced clarity from smart devices. DSP technology: Boost the overall listening experience by optimizing the audio signal delivered through the system. DSP also protects system components by managing the power sent to the speakers and subwoofers. Multi-Zone™ audio: Gives the user control of four separate audio zones. Hi-res color display: Enjoy the incredible aesthetics of a more modern-looking stereo unit that features a higher-resolution 2.95-inch (640 x 360 px) color screen and sunlight readable display2. Wireless control: Easily control the audio from anywhere on the boat with compatible Garmin smartwatches or the Garmin Audio app on compatible smart devices. NMEA2000® compatibility: Network the sound system with a Garmin MFD or the JL Audio NRX-300 wired remote (sold separately) for integrated audio control. Also supports Speed vs. Volume adjustment, automatically increasing the stereo's volume to match greater noise at higher speeds. Built-in DAB tuner: Receive a clearer and more reliable signal compared to traditional AM/FM radio on the water with included Digital Audio Broadcasting (DAB) technology. Modern design
Constructed to compliment the look and feel of the latest boat design trends, JL Audio A60 features a sleek aesthetic that complements other modern electronics at the helm. The hideaway JL Audio A60-H is built specifically to integrate with Garmin MFDs, reducing clutter and streamlining the look of any dash. Both are built to an IPX6 and IPX7 rating to resist typical elements in a marine environment, including water, salt fog, UV and temperature change.
Enhanced audio control
Take command of the audio with the new JL Audio R5 volume controller and NRX-300 wired remote. Compatible with JL Audio A60 and A60-H head units both devices connect to the boat's NMEA 2000 network for convenient control of on-board audio zones.
The R5 offers quick volume adjustments and play/pause control through a large, dash-mounted knob that can be installed with a single 1.5-inch hole. For more advanced control, the NRX-300 features an optically bonded LCD display and five-button control for up to four audio zones. Both devices are IPX 7 rated for marine use.
The JL Audio A60 and A60-H marine head units are available now with a suggested retail price of $599.99. The JL Audio R5 volume controller has a suggested retail price of $179.99, while the NRX-300 wired remote has a suggested retail price of $229.99. To learn more, visit garmin.com/marine/audio.
Engineered on the inside for life on the outside, Garmin and its brands – JL Audio and Fusion – are committed to developing and delivering world-class audio entertainment solutions, including high-performance stereos, speakers, amplifiers and subwoofers and other audio components for the marine, car, RV, powersports and home markets. For more information, visit the Garmin Newsroom, email our media team, or follow our blog.
1Based on 2025 sales.
2Available on the JL Audio A60 only.
About Garmin: Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin, JL Audio and quatix are registered trademarks and Multi-Zone is a trademark of Garmin Ltd., or its subsidiaries.
Wi-Fi is a registered trademark of the Wi-Fi Alliance. The Bluetooth word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Garmin is under license.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Carly Hysell
913-397-8200
[email protected]
Versatile marine audio solution expands JL Audio M-series, providing remarkable sound and value
, /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced JL Audio® M200 marine speakers and subwoofers, a stunning new audio series that blends a fresh design with high-performance sound to boost the onboard experience. Engineered to withstand harsh boating environments, the speakers are available in 6.5- and 7.7-inch sizes, offering clear, immersive sound, while the 10-inch subwoofer produces deep, powerful, clear bass. The M200 series speakers and subwoofers feature vibrant LED illumination in a wide variety of colors so boaters can personalize the look of their audio system to match their boat.
Versatile marine audio solution expands JL Audio M-series, providing remarkable sound and value. "With the JL Audio M200 series, we're offering boaters a powerful onboard audio solution with crystal-clear sound, modern styling and customizable lighting – all at an exceptional value. Designed to keep the party going year after year, these speakers and subwoofers deliver the performance, durability and versatility to enhance any day on the water."
–Susan Lyman, Garmin Vice President of Global Consumer Sales & Marketing
Featuring a 1-inch edge-driven silk dome tweeter with a neodymium magnet, the JL Audio M200 speakers provide a smooth and warm sound with power handling up to 60 watts RMS. The standard cutout size and mounting hole make it easy to retrofit the boat. The 10-inch subwoofer is constructed with an injection molded polypropylene cone and rubber surround and an optimized motor system to deliver minimal distortion, excellent low-frequency, and 250-watts RMS power handling.
RGB lighting allows boaters to customize the look of their M200 series audio system to complement their onboard style. When paired with a Garmin Spectra™ or Garmin Lumishore® light control module (sold separately), boaters can access advanced lighting control from a compatible chartplotter or ActiveCaptain® app. Both the speakers and subwoofers offer white or gray grilles to match the boat's interior and maintain the premium look of other M-series speakers, including the M6 and M3.
Built from marine-grade materials and finishes with corrosion-resistant connections, the JL Audio M200 series provides high-performance audio all season long, withstanding salt and sun exposure.
The JL Audio M200 series is available now with suggested retail prices ranging from $199.99 to $349.99. To learn more, visit garmin.com/marine/audio.
Engineered on the inside for life on the outside, Garmin and its brands – JL Audio and Fusion – are committed to developing and delivering world-class audio entertainment solutions, including high-performance stereos, speakers, amplifiers and subwoofers and other audio components for the marine, car, RV, powersports and home markets. For more information, visit the Garmin Newsroom, email our media team, or follow our blog.
1
Based on 2025 sales.
About Garmin: Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin, JL Audio, Lumishore and ActiveCaptain are registered trademarks, and Spectra is a trademark of Garmin Ltd., or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Elise Jessee
913-397-8200
[email protected]
Modern multipurpose marine instrument seamlessly integrates with other Garmin onboard electronics to keep mariners informed in real time
, /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today unveiled the GMI™ 40 multipurpose marine instrument that displays live boating insights in an easy-to-read format. Boasting a modern, streamlined design that complements Garmin GPSMAP® chartplotters, the device has an intuitive touchscreen interface with edge-to-edge glass on a 4.3-inch, high-resolution, color LCD display. The touchscreen optimizes space for a clear, uninterrupted view of instrumentation data, keeping sailors, cruisers and coastal anglers informed throughout the trip.
Modern multipurpose marine instrument seamlessly integrates with other Garmin onboard electronics to keep mariners informed in real time. "Whether sailing, fishing the coast or cruising for the weekend, you need a compact instrument that's simple to operate and fits cleanly at the helm. Our new GMI 40 delivers that and more with a modern display that networks seamlessly across Garmin's marine products, putting the real-time data you rely on in one place." — Susan Lyman, Garmin Vice President of Global Consumer Sales & Marketing
Smooth integration
The cutting-edge GMI 40 integrates with compatible devices on board via the NMEA 2000® network and the Garmin BlueNet™ network. The powerful marine instrument also has wireless connectivity with gWind™ wireless sensors, marine remote controls and Garmin quatix® marine smartwatches, allowing for easy sharing of data.
Mariners can also keep their GMI 40 software up-to-date via the free, all-in-one ActiveCaptain® app on their compatible smartphone. When upgrading from the GMI 20, users can purchase an adapter plate to easily install the GMI 40 into the existing cutout in the dash.
Upgraded data options
Mariners can purchase the GMI 40 on its own, or as part of an exciting bundle to receive enhanced wind and water information. Bundle options include a gWind™ wired or wireless transducer, which provides a three-bladed anemometer for more accurate wind speed and a twin-fin design for a more stable True Wind Angle (TWA). Boaters can also opt to receive more detailed data below the surface by including a DST820 thru-hull smart transducer or GDT™ 43 transducer (depth and temperature) and GST™ 43 (speed/temperature) transducer with their bundle.
The GMI 40 marine instrument is available now with a suggested retail price of $599.99. The GMI 40 bundles range from $1,099.99 to $1,899.99. To learn more, visit garmin.com/marine.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the 11th consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Visit the Garmin Newsroom, email our media team, connect with @garminmarine on social, or follow our blog.
1Based on 2025 sales.
About Garmin: Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin, GPSMAP NMEA 2000, quatix and ActiveCaptain are registered trademarks, and GMI, BlueNet, gWind, GDT, and GST are trademarks of Garmin Ltd., or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Carly Hysell
913-397-8200
[email protected]
First sailboat autopilot to use brushless linear actuator with built-in ECU for superior performance, reliability and simplified installation
, /PRNewswire/ -- Garmin (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced SmartDrive™, a ground-breaking autopilot system that leverages a brushless linear actuator, built-in ECU and a rudder feedback sensor for improved durability and long-term reliability. Designed for sailboats and catamarans up to 45 feet (maximum displacement of 33,000 pounds), the Reactor 40 Corepack with SmartDrive provides top-tier autopilot performance with up to 1,050 pounds of maximum thrust, helping maintain steady rudder control to help captains stay on course.
First sailboat autopilot to use brushless linear actuator with built-in ECU for superior performance, reliability and simplified installation. "Whether out for a day trip or a longer voyage, sailors need dependable technology. SmartDrive was designed from the ground up to deliver precise steering, long-term durability, a quiet ride and reliable performance in demanding offshore conditions, giving sailors confidence wherever their journey takes them."
—Susan Lyman, Garmin Vice President of Global Consumer Sales & Marketing
Streamlined installation and seamless compatibility
The innovative SmartDrive operates with fewer cables and external components, allowing for a streamlined installation. With a form factor like other linear actuators, SmartDrive is designed to simplify retrofit installations and serve as an easy direct replacement. It also seamlessly integrates with compatible Garmin MFDs via the NMEA® 2000 network.
Bundling options
Sailors have the option of purchasing the SmartDrive autopilot actuator on its own, or as part of an exciting bundle with a complete Corepack that can elevate the sailing experience, including improved wind hold performance, more accurate tack and gybe with adjustable speeds and auto response, and easy calibration using the dockside wizard. The Reactor 40 Sail Corepack with SmartDrive bundle includes a CCU with built-in solid-state 9-axis AHRS and a GHC™ 50 autopilot display, which allows users to control the autopilot from a 5-inch touchscreen from different locations on board.
For more ways to control the autopilot system, the Reactor 40 Corepack with SmartDrive is compatible with several Garmin devices, including the Reactor 40 autopilot wireless remote, the APK™ 10 autopilot keypad and select quatix® marine smartwatches2.
The SmartDrive actuator is available as a standalone purchase for a suggested retail price of $3,499.99 or as part of a Reactor 40 Sail Corepack bundle that starts at $4,499.99. To learn more, visit garmin.com/marine.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the 11th consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Visit the Garmin Newsroom, email our media team, connect with @garminmarine on social, or follow our blog.
1Based on 2025 sales.
2Requires a compatible Garmin chartplotter or GHC 50 autopilot instrument.
About Garmin: Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan, and the United Kingdom. Garmin and quatix are registered trademarks, and SmartDrive, Reactor, GHC and APK are trademarks of Garmin Ltd., or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Mike Cummings and Carly Hysell
913-397-8200
[email protected]
Ruggedly refined Pro model boasts the first titanium watch case and largest AMOLED display on a fēnix
, /PRNewswire/ -- Garmin (NYSE: GRMN) today introduced fēnix® 9 and fēnix 9 Pro, multisport GPS smartwatches built to help athletes and adventurers reach their peak. Now with a titanium watch case, fēnix 9 Pro blends an elevated look, rugged build and lightweight feel. Both models add meaningful upgrades, including Garmin Epic, a new way to group multiple activities into one shareable story in Garmin Connect™, plus enhanced stamina metrics that help athletes better adjust their training. fēnix 9 Pro models include built-in satellite1 and LTE connectivity1 which enables voice, text, and SOS communication directly from the wrist.
fēnix 9 and fēnix 9 Pro multisport GPS smartwatches are packed with new and enhanced tools to take training and exploration to the next level. "fēnix 9 and fēnix 9 Pro are purpose-built for those who want to perform better and venture farther. Athletes can better understand endurance gains and train smarter with advanced stamina metrics, while superior navigation tools help adventurers stay confidently on course. And with the new Garmin Epic feature, activities are turned into stories for users to relive. With these fēnix smartwatches on their wrist, our customers can redefine what they thought possible."
–Susan Lyman, Garmin Vice President of Consumer Sales and Marketing
See the full power of fēnix 9 and fēnix 9 Pro on garmin.com
fēnix 9
Designed to push boundaries, fēnix 9 is packed with new and enhanced tools to take training and exploration to the next level.
Boasting an AMOLED display that is twice as bright as its predecessor, fēnix 9 also includes a scratch-resistant sapphire lens, leakproof buttons and is dive-rated up to 40 meters. Whether it's a backpacking trip, cycling stage race or strength training plan, the free Garmin Epic feature turns multiple activities into one cohesive story in Garmin Connect. By grouping together activities recorded over several days, weeks or months to create an "Epic", users can see their health and performance data during that time, add photos and share it all with friends and family. New stamina tracking features – including stamina zones and stamina curve – show athletes how their endurance changes over time based on fitness gains and training history and improves their ability to pace themselves during an activity. Get even more fitness insights during an indoor rowing activity, like VO2 Max and power curve, to evaluate progress, set goals and dial in the intensity of workouts2. Expanded rucking features allow users to change their pack weight during an activity, follow GORUCK™ workouts directly on the watch, and set target metrics like calories burned with up to 100kg of pack weight. Navigate confidently with built-in routable maps that are smoother and more intuitive than ever before. With 50% more RAM than fēnix 8 and a more powerful, updated map engine, panning is now up to 30% faster. And a new perspective view allows users to better anticipate what's coming next by adding more detail, both close-up and further away. With 64 GB of memory, adventurers can download twice as many maps compared to fēnix 8 and store up to 7,000 of their favorite songs. fēnix 9 is available in three sizes – 43mm, 47mm and 51mm.
fēnix 9 Pro
Building on all the premium features of fēnix 9, fēnix 9 Pro also introduces a new design, along with options for phone-free connectivity, solar-charging displays, extra flashlight modes and more.
Innovative design
fēnix 9 Pro is the first fēnix smartwatch to feature a titanium watch case, delivering a stunning look without sacrificing rugged performance. Using cutting-edge nano-molding technology to combine metal and plastic at the molecular level, this design effortlessly merges strength with functionality and reduces the watch's overall thickness, keeping it lightweight. The fēnix 9 Pro AMOLED displays offer up to 3,000 nits of brightness, showcasing stats and maps in easy-to-read detail, even in sunny conditions. The 51mm Pro model includes Garmin's first 1.5-inch AMOLED display, extending the display by 15% over fēnix 8 without increasing the case size. Users can spend even more time doing what they love with solar charging displays that offer weeks of battery life on select Pro models. For adventures that go into the night, an integrated LED flashlight now adds a green light mode to preserve night vision. Stay connected
inReach connectivity1 on select fēnix 9 Pro watches helps users keep in touch with friends and family and get emergency help from the 24/7 staffed Garmin Response℠ coordination center if needed – all while leaving their phone behind. Along with calling, texting and SOS support, an active inReach plan also provides users with these enhancements:
LiveTrack notifications are now available in the Garmin Messenger™ app through LTE, notifying loved ones when a user has started an activity and allows them to follow along as they train. The user can also quickly send messages to pre-selected recipients. With an LTE connection, the new Garmin Locate feature allows loved ones to see a user's location through the Garmin Messenger app. Get weather forecasts for a specific location sent directly to the watch now through satellite, in addition to LTE. For the first time, inReach connectivity is available on all fēnix 9 Pro size options – 43 mm, 47 mm and 51 mm.
Custom style
New ComfortFit accessory bands are available for fēnix 9 and fēnix 9 Pro, giving users the power to customize their look. The fabric band's split-weave design combines stretch, durability, softness and moisture-resistance with the QuickFit® functionality, making it simple to adjust and switch out bands.
Available now, fēnix 9 starts at $999.99 and gets up to 29 days of battery life in smartwatch mode on the largest size. fēnix 9 Pro starts at $1,099.99 and gets up to 31 days of battery life in smartwatch mode with the largest AMOLED display, while the solar charging models get up to 57 days of battery3. To learn more about all the available color options, 24/7 health and wellness features and more, visit garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.
1 Active plan required; LTE network coverage is not available in all regions. Satellite connection and SOS functionality on this device have important limitations compared to other inReach devices that could affect the performance of connected features, making them unavailable in certain situations. Check garmin.com/fenix9pro-requirements for requirements and limitations and to see which services are accessible in your area — or in areas to where you may be traveling to ensure the performance, coverage, and service levels of this device are suitable for your intended use.
2 Requires a power meter-equipped rowing machine
3 Solar charging, assuming all-day wear with 3 hours per day outside in 50,000 lux conditions
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, fēnix, inReach and QuickFit are registered trademarks, Garmin Connect, GORUCK and Garmin Messenger are trademarks and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACTS:
Brianna Silverman and Natalie Miller / 913-397-8200 / [email protected]
The Zacks Electronics – Miscellaneous Products industry players like Kla (KLAC - Free Report) , Teradyne (TER - Free Report) and Garmin (GRMN - Free Report) are benefiting from higher spending on artificial intelligence (AI) infrastructure, data center and cloud computing. Rising spending by hyperscalers on AI compute is increasing demand for more advanced semiconductors, networking equipment, testing, process-control and precision electronic components. Advanced chip architectures, High-Bandwidth Memory (HBM) adoption, EUV, hybrid bonding and increasingly complex packaging are increasing process-control intensity and creating demand for technologies that improve yield, reliability and system performance. However, this industry is subject to fluctuations in semiconductor capital-spending cycles, macroeconomic conditions, inventory adjustments and changes in end-market demand. Supply-chain constraints, rising input costs and geopolitical trade restrictions are notable headwinds for industry participants.
Industry Description The Zacks Electronics – Miscellaneous Products industry includes a number of original equipment manufacturers of power products, drivetrains, green energy solutions, remote-control systems, GPS navigation, home automation systems, healthcare devices, industry/factory automation, robotics, semiconductor and optical applications and energy management solutions. The industry is evolving through digital transformation and the growing demand for silicon across multiple markets. The increasing cost of manufacturing bodes well for equipment suppliers, while the growing demand for silicon is positive for semiconductor companies. Apart from the United States, companies in this industry are based in Japan, Germany, the Netherlands and Switzerland. These companies either have manufacturing operations in China and Southeast Asia or generate significant revenues from these regions.
3 Trends Shaping the Future of the Industry Solid Capital Spending Drives Prospects: Ongoing technology transition due to rapid deployment of AI is driving product complexities, which is raising the demand for solutions provided by industry participants. More complex designs, accelerating product cycles and high-value wafer volumes are growing the demand for advanced packaging. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run. Since semiconductor companies are major customers of miscellaneous electronics product manufacturers, the trend bodes well for industry participants. In addition, rising spending on advanced nodes — 7 nm, 5 nm, 3 nm and 2 nm processes from logic and foundry customers — favors industry participants. Logic and foundry spending is anticipated to be healthy this year.
Strong Demand for AI, Data Center and Cloud Computing Solutions: Industry participants are riding on strong AI infrastructure investments, increasing compute intensity, and the need for more advanced power, thermal, automation and testing solutions. Strong hyperscaler spending, rapid advanced packaging adoption and large-scale data center buildouts are key catalysts. The rapid growth of AI workloads is increasing process complexity, driving higher demand for process control, metrology, inspection, specialty materials, precision timing and semiconductor test equipment. Meaningful recovery in industrial automation and digital infrastructure markets bodes well for industry participants.
Demand for Integrated Solutions is Rising: The industry is increasingly moving toward integrated solutions that combine compute, power, cooling, automation and energy management. This shift from discrete subsystem deployments is creating opportunities for suppliers with broad technology portfolios and systems-level capabilities.
Challenging Macroeconomic Conditions Acts as Headwind: Industry participants are suffering from challenging macroeconomic conditions globally, with enterprises in automotive, industrial and energy end-markets showing reluctance in committing to multi-year deals. Supply chains remain under pressure as companies work to secure capacity and critical components to support rapidly rising AI-driven demand, while extended lead times and infrastructure bottlenecks, particularly around power availability, are constraining the pace of data center deployment. Additionally, memory price volatility, tariff-related cost increases, and the growing concentration of demand among a small number of hyperscale and AI customers are major concerns for industry players.
Zacks Industry Rank The Zacks Electronics – Miscellaneous Products industry is housed within the broader Zacks Computer and Technology sector. The industry carries a Zacks Industry Rank #72, which places it in the top 29% of more than 246 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Dec. 31, 2025, earnings estimates for the industry for the current year have moved north by 13.4%.
Given the bullish prospects, there are many stocks worth buying in the industry. But before we present those stocks, let us take a look at the industry’s recent stock-market performance and valuation picture.
Industry Beats S&P 500, Broader Sector The Zacks Electronics – Miscellaneous Products industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector in the past year.
The industry has appreciated 57.8% during this period compared with the S&P 500 composite’s return of 20.8% and the broader sector’s appreciation of 28.6%.
One-Year Price Performance
Industry's Current Valuation On the basis of the forward 12-month P/E, which is a commonly used multiple for valuing Electronics-Miscellaneous products companies, we see that the industry is currently trading at 28.27X compared with the S&P 500’s 20.37X and the sector’s forward-12-month P/E of 20.90X.
Over the last five years, the industry has traded as high as 44.84X and as low as 26.50X, with the median being 29.36X, as the charts below show.
Forward 12-Month Price-to-Earnings (P/E) Ratio
3 Stocks to Buy Right Now Teradyne: This Zacks Rank #1 (Strong Buy) company’s shares have appreciated 88.5% year to date (YTD). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rising AI investment is increasing demand for CPUs, accelerators, networking chips, HBM, DDR and storage, driving demand for semiconductor test. Teradyne expects higher wafer-fab equipment spending to drive faster transistor and memory-bit production, supporting expansion of the automated test equipment (ATE) market. The company sees a path for the overall ATE TAM to reach or exceed $20 billion as WFE spending approaches $250 billion by the end of the decade.
Increasing chiplet counts and more complex multichip packages require greater testing intensity to ensure acceptable yields, creating a structural tailwind for Teradyne. The company is also positioned to gain share through merchant GPU programs, hyperscaler dual-sourcing and its strong position in HBM and DRAM testing.
The Zacks Consensus Estimate for Teradyne’s 2026 earnings has jumped 26.4% to $9.10 per share over the past 30 days.
Price and Consensus: TER
Garmin: Another Zacks Rank #1 stock, Garmin’s Fitness business remains a major growth engine, with second-quarter revenues rising 25% on strong demand for advanced wearables. New products such as the Forerunner lineup and CIRQA Smart Band are broadening Garmin’s addressable market, while the TrainingPeaks and TrainHeroic acquisitions expand its services ecosystem and create a more integrated training experience for customers.
Garmin continues to benefit from new-product launches and resilient demand across aviation and marine. Aviation is supported by strong OEM backlogs and aftermarket demand, while the new AXIS integrated cockpit platform could broaden adoption by reducing installation cost and complexity. Marine growth is supported by products such as LiveScope 2, which strengthens Garmin’s position in premium sonar technology.
The Zacks Consensus Estimate for GRMN’s 2026 earnings has increased 4.3% over the past 30 days to $9.94 per share. Garmin shares have surged 43.5% YTD.
The Zacks Electronics – Miscellaneous Products industry players like Kla, Teradyne and Garmin are benefiting from higher spending on artificial intelligence (AI) infrastructure, data center and cloud computing. Rising spending by hyperscalers on AI compute is increasing demand for more advanced semiconductors, networking equipment, testing, process-control and precision electronic components.
Advanced chip architectures, High-Bandwidth Memory (HBM) adoption, EUV, hybrid bonding and increasingly complex packaging are increasing process-control intensity and creating demand for technologies that improve yield, reliability and system performance. However, this industry is subject to fluctuations in semiconductor capital-spending cycles, macroeconomic conditions, inventory adjustments and changes in end-market demand. Supply-chain constraints, rising input costs and geopolitical trade restrictions are notable headwinds for industry participants.
Industry DescriptionThe Zacks Electronics – Miscellaneous Products industry includes a number of original equipment manufacturers of power products, drivetrains, green energy solutions, remote-control systems, GPS navigation, home automation systems, healthcare devices, industry/factory automation, robotics, semiconductor and optical applications and energy management solutions. The industry is evolving through digital transformation and the growing demand for silicon across multiple markets.
The increasing cost of manufacturing bodes well for equipment suppliers, while the growing demand for silicon is positive for semiconductor companies. Apart from the United States, companies in this industry are based in Japan, Germany, the Netherlands and Switzerland. These companies either have manufacturing operations in China and Southeast Asia or generate significant revenues from these regions.
3 Trends Shaping the Future of the IndustrySolid Capital Spending Drives Prospects: Ongoing technology transition due to rapid deployment of AI is driving product complexities, which is raising the demand for solutions provided by industry participants. More complex designs, accelerating product cycles and high-value wafer volumes are growing the demand for advanced packaging. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run. Since semiconductor companies are major customers of miscellaneous electronics product manufacturers, the trend bodes well for industry participants. In addition, rising spending on advanced nodes — 7 nm, 5 nm, 3 nm and 2 nm processes from logic and foundry customers — favors industry participants. Logic and foundry spending is anticipated to be healthy this year.
Strong Demand for AI, Data Center and Cloud Computing Solutions: Industry participants are riding on strong AI infrastructure investments, increasing compute intensity, and the need for more advanced power, thermal, automation and testing solutions. Strong hyperscaler spending, rapid advanced packaging adoption and large-scale data center buildouts are key catalysts. The rapid growth of AI workloads is increasing process complexity, driving higher demand for process control, metrology, inspection, specialty materials, precision timing and semiconductor test equipment. Meaningful recovery in industrial automation and digital infrastructure markets bodes well for industry participants.
Demand for Integrated Solutions is Rising: The industry is increasingly moving toward integrated solutions that combine compute, power, cooling, automation and energy management. This shift from discrete subsystem deployments is creating opportunities for suppliers with broad technology portfolios and systems-level capabilities.
Challenging Macroeconomic Conditions Acts as Headwind: Industry participants are suffering from challenging macroeconomic conditions globally, with enterprises in automotive, industrial and energy end-markets showing reluctance in committing to multi-year deals. Supply chains remain under pressure as companies work to secure capacity and critical components to support rapidly rising AI-driven demand, while extended lead times and infrastructure bottlenecks, particularly around power availability, are constraining the pace of data center deployment. Additionally, memory price volatility, tariff-related cost increases, and the growing concentration of demand among a small number of hyperscale and AI customers are major concerns for industry players.
Zacks Industry RankThe Zacks Electronics – Miscellaneous Products industry is housed within the broader Zacks Computer and Technology sector. The industry carries a Zacks Industry Rank #72, which places it in the top 29% of more than 246 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Dec. 31, 2025, earnings estimates for the industry for the current year have moved north by 13.4%.
Given the bullish prospects, there are many stocks worth buying in the industry. But before we present those stocks, let us take a look at the industry’s recent stock-market performance and valuation picture.
Industry Beats S&P 500, Broader SectorThe Zacks Electronics – Miscellaneous Products industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector in the past year.
The industry has appreciated 57.8% during this period compared with the S&P 500 composite’s return of 20.8% and the broader sector’s appreciation of 28.6%.
Industry's Current ValuationOn the basis of the forward 12-month P/E, which is a commonly used multiple for valuing Electronics-Miscellaneous products companies, we see that the industry is currently trading at 28.27X compared with the S&P 500’s 20.37X and the sector’s forward-12-month P/E of 20.90X.
Over the last five years, the industry has traded as high as 44.84X and as low as 26.50X, with the median being 29.36X.
3 Stocks to Buy Right NowTeradyne: This Zacks Rank #1 (Strong Buy) company’s shares have appreciated 88.5% year to date (YTD). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rising AI investment is increasing demand for CPUs, accelerators, networking chips, HBM, DDR and storage, driving demand for semiconductor test. Teradyne expects higher wafer-fab equipment spending to drive faster transistor and memory-bit production, supporting expansion of the automated test equipment (ATE) market. The company sees a path for the overall ATE TAM to reach or exceed $20 billion as WFE spending approaches $250 billion by the end of the decade.
Increasing chiplet counts and more complex multichip packages require greater testing intensity to ensure acceptable yields, creating a structural tailwind for Teradyne. The company is also positioned to gain share through merchant GPU programs, hyperscaler dual-sourcing and its strong position in HBM and DRAM testing.
The Zacks Consensus Estimate for Teradyne’s 2026 earnings has jumped 26.4% to $9.10 per share over the past 30 days.
Garmin: Another Zacks Rank #1 stock, Garmin’s Fitness business remains a major growth engine, with second-quarter revenues rising 25% on strong demand for advanced wearables. New products such as the Forerunner lineup and CIRQA Smart Band are broadening Garmin’s addressable market, while the TrainingPeaks and TrainHeroic acquisitions expand its services ecosystem and create a more integrated training experience for customers.
Garmin continues to benefit from new-product launches and resilient demand across aviation and marine. Aviation is supported by strong OEM backlogs and aftermarket demand, while the new AXIS integrated cockpit platform could broaden adoption by reducing installation cost and complexity. Marine growth is supported by products such as LiveScope 2, which strengthens Garmin’s position in premium sonar technology.
The Zacks Consensus Estimate for GRMN’s 2026 earnings has increased 4.3% over the past 30 days to $9.94 per share. Garmin shares have surged 43.5% YTD.
KLA: This Zacks Rank #2 (Buy) company is benefiting from accelerating investment in AI infrastructure, leading-edge foundry/logic, HBM and advanced packaging. More complex device architectures, higher-value wafers and tighter performance specifications are increasing the need for inspection and metrology. KLA expects advanced-packaging process-control systems revenues to reach roughly $1.1 billion in calendar 2026, up more than 70% year over year.
Rising investment across leading-edge logic, DRAM, HBM, NAND and new greenfield fabs should support continued equipment demand into 2027. Meanwhile, KLA Services is benefiting from a growing installed base and high tool utilization, with roughly 80% of service revenues contract-based. Higher equipment shipments should further expand the service opportunity.
KLAC shares have surged 49.4% YTD. The consensus mark for KLA’s fiscal 2027 earnings has increased 7.1% to $5.43 per share over the past 30 days.
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It has been about a month since the last earnings report for Garmin (GRMN - Free Report) . Shares have lost about 2.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Garmin due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Garmin Ltd. before we dive into how investors and analysts have reacted as of late.
Garmin's Q2 Earnings Beat Estimates, Revenues Increase Y/YGarmin reported second-quarter 2026 pro forma earnings of $2.81 per share, beating the Zacks Consensus Estimate by 23.79%. The bottom line increased 29% year over year.
Net sales rose 11% to $2.02 billion and surpassed the consensus estimate by 4.73%. Strong demand for advanced wearables led the growth.
GRMN's Fitness Business Drives GrowthFitness revenues increased 25% year over year to $756.8 million, accounting for 37.4% of total sales. Growth was recorded across all product categories, led by continued strength in advanced wearables.
The segment generated operating income of $277 million, up 40% from the prior-year quarter. Operating margin reached 37%, while gross margin was 64%. Garmin launched the Forerunner 70 and Forerunner 170 running smartwatches during the quarter and recently announced the CIRQA Smart Band, its first screenless smart band.
Garmin's Outdoor Revenues DeclineOutdoor revenues fell 2% to $482.7 million, primarily due to weakness in consumer auto products and adventure watches. However, favorable product mix and disciplined execution supported improved profitability.
Operating income rose 4% to $163.6 million, while operating margin reached 34%. Garmin expects stronger Outdoor revenue performance in the second half of 2026, aided by the timing of product launches. The company also expanded its golf portfolio with the Approach Z10 laser rangefinder.
GRMN Posts Broad-Based Segment GainsAviation revenues advanced 8% to $268.7 million, driven by growth in both original equipment manufacturer and aftermarket categories. Operating income increased 14% to $72.2 million, with an operating margin of 27%.
Marine revenues climbed 14% to $341.4 million, reflecting growth across multiple product categories. Operating income surged 59% to $99.8 million, and operating margin was 29%. Results benefited from a tariff refund, though management noted that product margins improved even without the benefit.
Auto OEM revenues increased 1% to $172.4 million, mainly driven by domain controllers. The segment posted operating income of $2.9 million compared to a loss of $9.5 million a year earlier, supported by improved gross profit and lower research and development expenses. Management expects revenues to decline and the segment to return to an operating loss in the second half before the planned launch of a major Mercedes-Benz program in early 2027.
Garmin's Operating Profitability ExpandsGross profit increased 18% to $1.26 billion, while gross margin expanded 360 basis points to 62.4%. Consolidated operating income climbed 30% to $615.5 million, while operating margin rose 440 basis points to 30.4%.
The margin improvement primarily reflected favorable product mix and approximately $21 million in refunds of previously paid tariffs. Management said newer products carrying higher margins represented a greater portion of sales, while vertical integration and scale also supported product cost improvements.
Operating expenses increased 9% to $646.5 million. Research and development expenses rose 10% to $303.9 million, while selling, general and administrative expenses jumped 8% to $342.6 million, mainly due to personnel-related costs.
GRMN Maintains a Strong Financial PositionGarmin generated $404 million in operating cash flow and $276 million in free cash flow during the second quarter. In the first half of 2026, it generated operating and free cash flows of $940 million and $745 million, respectively.
The company ended the period with approximately $4.4 billion in cash and marketable securities. It paid $202 million in dividends and repurchased $43 million of shares during the second quarter. In the first half of 2026, it repurchased shares worth $82 million and paid $376 million in dividends. About $448 million remained under its repurchase authorization through December 2028.
Inventory reached approximately $2 billion as Garmin maintained strategic memory holdings. Management expects higher memory costs to affect second-half results, though the impact is incorporated into its updated outlook.
Garmin Raises 2026 OutlookGarmin now expects 2026 revenues of approximately $8.05 billion, up from its prior projection of $7.9 billion. Pro forma earnings are forecast at $10 per share compared with the previous outlook of $9.35.
The company raised its gross margin forecast to 59.7% from 58.5% and its operating margin estimate to 27% from 25.5%. The projected pro forma tax rate increased to 16.5% from 16%. The revised gross margin outlook includes the tariff refund already recorded but assumes no additional tariff-related benefits.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
VGM ScoresCurrently, Garmin has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Garmin has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerGarmin is part of the Zacks Electronics - Miscellaneous Products industry. Over the past month, KLA (KLAC - Free Report) , a stock from the same industry, has gained 1.9%. The company reported its results for the quarter ended June 2026 more than a month ago.
KLA reported revenues of $3.66 billion in the last reported quarter, representing a year-over-year change of +15.2%. EPS of $1.05 for the same period compares with $0.94 a year ago.
KLA is expected to post earnings of $1.17 per share for the current quarter, representing a year-over-year change of +33%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.6%.
KLA has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Cheng-Wei Wang, General Manager-Garmin Corp., sold 9,941 shares of Garmin Ltd. (GRMN +0.68%) on Aug. 18, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueShares sold (directly held)9,941Transaction value$3.0 millionPost-transaction shares (directly held)29,506Post-transaction value$8.78 millionTransaction value based on SEC Form 4 weighted average sale price ($299.36); post-transaction value based on Aug. 18, 2026, market close ($297.44).
Key questionsAt what price levels were the shares liquidated?
The transaction was executed in multiple tranches at weighted average prices ranging from $296.50 to $303.44 per share on Aug. 18, 2026.What does the remaining direct position consist of?
Following the sale, the insider's remaining direct holdings include 5,182 unvested restricted stock units and 56 shares acquired through the employee stock purchase plan in June 2026.How does the insider's stake compare to the company's total equity?
The 29,506 shares held by Cheng-Wei Wang represent a 0.0153% ownership stake in Garmin, which currently has a market capitalization of $57.0 billion.What are the fundamental metrics of the company as of the recent close?
As of Aug. 19, 2026, market close, Garmin reported trailing-twelve-month revenue of $7.7 billion and net income of $1.9 billion.Company OverviewMetricValueShare Price (as of market close 2026-08-19)$295.67Market Capitalization$57.0 billionRevenue (TTM)$7.7 billionNet Income (TTM)$1.9 billionCompany SnapshotGarmin designs, develops, manufactures, and globally distributes wireless products and solutions across multiple segments, including fitness, aviation, marine, automotive, and outdoor categories, generating revenue through the sale of specialized hardware devices and integrated software platforms.The company operates a vertically integrated business model that encompasses product design and development, manufacturing operations, and direct-to-consumer and channel distribution strategies, enabling control over product quality and market positioning.Garmin serves a diverse customer base spanning athletes and fitness enthusiasts, professional pilots and aviation operators, marine vessel operators, automotive manufacturers and consumers, and outdoor recreation participants across North and South America, Asia Pacific, Europe, the Middle East, and Africa.Garmin Ltd. is a global leader in wireless technology and positioning solutions with a market capitalization of $57.0 billion and TTM revenue of $7.7 billion, reflecting strong demand for its specialized hardware and software offerings. The company maintains competitive advantages through its extensive product portfolio across multiple high-growth segments, proprietary technology platforms, and established distribution networks spanning six continents. With 23,000 employees and a net profit margin of approximately 24.7% (TTM), Garmin demonstrates operational efficiency and financial resilience in the technology hardware sector.
What this transaction means for investorsCheng-Wei Wang's sale of Garmin shares may understandably leave investors wondering what to make of it.
Indeed, Form 4 filings do not typically reveal why insiders sell their shares. Also, selling 25% of one's shares represents a significant reduction, which might further confuse shareholders.
Still, it is worth noting that Wang kept the majority of his shares in the consumer discretionary stock. Moreover, Garmin recently reached an all-time high after the most recent earnings report, prompting a spike in its share price.
Today's Change
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295.09
Additionally, Garmin does not look like a sell after that gain. Its net sales rose by 13% annually in the first half of 2026. Also, since it kept cost and expense growth in check, the $947 million in net income during the same period grew by 29% from year-ago levels.
Amid that bullish sign, Garmin appears fairly priced. Even though its 30 P/E ratio is near multi-year highs, it is close to the S&P 500's average of 29. Hence, whatever Wang's motivation for selling, the stock's financial situation shows no obvious signs that other investors should follow suit.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Nvidia?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Nvidia (NVDA - Free Report) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $2.10 a share, just 13 days from its upcoming earnings release on August 26, 2026.
Nvidia's Earnings ESP sits at +0.52%, which, as explained above, is calculated by taking the percentage difference between the $2.10 Most Accurate Estimate and the Zacks Consensus Estimate of $2.09. NVDA is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
NVDA is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Garmin (GRMN - Free Report) as well.
Garmin, which is readying to report earnings on November 4, 2026, sits at a Zacks Rank #1 (Strong Buy) right now. Its Most Accurate Estimate is currently $2.41 a share, and GRMN is 83 days out from its next earnings report.
For Garmin, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $2.38 is +1.26%.
NVDA and GRMN's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Assenagon Asset Management S.A. reduced its holdings in shares of Garmin Ltd. (NYSE:GRMN – Free Report) by 87.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,224 shares of the scientific and technical instruments company’s stock after selling 115,344 shares during the period. Assenagon Asset Management S.A.’s holdings in Garmin were worth $3,854,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Groupe la Francaise grew its holdings in shares of Garmin by 346.4% in the 1st quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. Reflection Asset Management bought a new position in Garmin during the 4th quarter valued at about $32,000. Atlas Capital Advisors Inc. acquired a new position in Garmin in the fourth quarter valued at about $34,000. Archer Investment Corp acquired a new position in Garmin in the first quarter valued at about $37,000. Finally, Torren Management LLC bought a new stake in Garmin during the fourth quarter worth about $41,000. Institutional investors own 81.60% of the company’s stock.
Insider Transactions at Garmin In related news, CFO Douglas G. Boessen sold 2,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $237.91, for a total transaction of $475,820.00. Following the sale, the chief financial officer owned 26,049 shares in the company, valued at approximately $6,197,317.59. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph J. Hartnett sold 643 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the sale, the director directly owned 21,277 shares of the company’s stock, valued at approximately $5,607,978.89. The trade was a 2.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,810 shares of company stock worth $2,478,157. Corporate insiders own 14.80% of the company’s stock.
Wall Street Analyst Weigh In A number of research firms recently weighed in on GRMN. Wall Street Zen cut Garmin from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Morgan Stanley boosted their price objective on Garmin from $249.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Barclays increased their target price on Garmin from $238.00 to $297.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. UBS Group set a $370.00 target price on Garmin in a research note on Thursday, August 6th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.17.
Get Our Latest Research Report on GRMN
Garmin Stock Up 0.2% NYSE:GRMN opened at $310.39 on Thursday. Garmin Ltd. has a 12-month low of $186.67 and a 12-month high of $314.28. The stock’s fifty day simple moving average is $254.18 and its 200-day simple moving average is $242.83. The firm has a market capitalization of $59.86 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.45 and a beta of 0.87.
Garmin (NYSE:GRMN – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company earned $2.17 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. As a group, equities research analysts expect that Garmin Ltd. will post 10.1 earnings per share for the current year.
About Garmin (Free Report)
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.
Read More Five stocks we like better than Garmin GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs Want to see what other hedge funds are holding GRMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garmin Ltd. (NYSE:GRMN – Free Report).
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Garmin (GRMN +0.73%) makes many popular devices for runners, boaters, pilots, hunters, and bikers, and its stock is getting popular too. The maker of wearable smartwatches and wireless GPS devices announced another stellar quarter in July, sending shares soaring.
The stock is now up 53% this year, after jumping 23.7% in July, according to data provided by S&P Global Market Intelligence. Management raised guidance for the year after a strong second quarter. The company is firing on all cylinders, and the stock is even cheaper than it looks. Here's why.
Image source: Getty Images.
Fitness is in great shape After announcing record revenue that increased 11% year over year, Garmin boosted its full-year revenue and earnings guidance to imply 11% year-over-year revenue growth and almost 17% earnings per share (EPS) growth.
All five business segments are contributing to Garmin's success. The outdoor segment was the only one with slightly declining sales, but it provided more operating income than in Q1, thanks to higher gross and operating margins.
Fitness is the standout, though. Advanced wearables led the segment to 25% year-over-year sales growth. That growth rate is 32% for the first half of this year, following a 33% increase in 2025 over 2024. Investors who were worried about lost sales from the Apple Watch and other competitors can seemingly dismiss those fears.
Garmin has even entered a new category with its Cirqa Smart Band. This screen-free wearable provides comprehensive wellness and fitness insights without requiring a subscription, helping to expand its potential market.
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Garmin's secret weapon The future looks bright for Garmin's business. But investors might wonder if the pop in the stock price makes shares too expensive. There's good reason to think that's not the case, though. On the surface, shares look pricey. Garmin stock is trading at a price-to-earnings (P/E) of 31 based on the company's latest 2026 guidance. That seems expensive compared to its three-year average of about 25. But there's a better way to look at it.
Garmin ended Q2 with $4.4 billion in cash and equivalents. Importantly, it also has no debt. That's over 7% of its market cap, and investors should consider that. That effectively drops the forward P/E to under 29.
While still relatively high, it's also certainly possible that earnings exceed current guidance, bringing the valuation even lower. That cash will also bring value for shareholders in the future. Whether through growth investments, acquisitions, share buybacks, or raised dividends, that money should find its way back to the owners of Garmin stock. It may not be a good time to invest a lump sum in Garmin stock, but long-term investors can still expect solid returns.
On August 05, 2026, we conducted a DCF analysis for Garmin Ltd (GRMN), a company that has shown strong price performance recently, with a year-to-date increase
Garmin Ltd. (GRMN) rises 5,212% since first institutional outlier inflow signal.
GRMN makes and sells GPS equipment and wearable technology, including for use with automotive, aviation, marine, outdoors, and fitness applications. Its second-quarter fiscal 2026 earnings report showed revenue of $2.02 billion (up 11% year-over-year) powered by advanced wearables sales, $616 million in operating income (up 30%), and pro forma annual per-share earnings of $2.81 (up 29%). The company also raised revenue and EPS guidance to $8.05 billion and $10, respectively.
No wonder GRMN shares are up 52% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.
Big Money Finds Garmin Institutional volumes reveal plenty. In the last year, GRMN has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in GRMN shares. They reflect our proprietary inflow signal, pushing the stock higher:
Bursts of institutional inflows have pushed GRMN higher 52% so far in 2026. Source: www.moneyflows.com Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Garmin.
Garmin Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, GRMN has had strong sales and earnings growth:
Also, EPS is estimated to ramp higher this year by +10%.
Now it makes sense why the stock has been generating Big Money interest. GRMN has a track record of strong financial performance.
Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.
Garmin has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s up 5,212% since its first appearance on the rare Outlier 20 report in December 2002. The blue bars below show when GRMN was a top pick in the last decade…it’s an institutional favorite:
GRMN has attracted 113 institutional outlier inflows since 2002, returning 5,212%. Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Garmin Price Prediction The GRMN action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author owns GRMN in personal and managed accounts at the time of publication.
If you are a Registered Investment Advisor (RIA) or a serious investor, learn how institutional trading flows can take your investing to the next level.
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Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.
Have you evaluated the performance of Garmin's (GRMN - Free Report) international operations during the quarter that concluded in June 2026? Considering the extensive worldwide presence of this maker of personal navigation devices, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.
In our recent assessment of GRMN's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts.
The recent quarter saw the company's total revenue reaching $2.02 billion, marking an improvement of 11.4% from the prior-year quarter. Next, we'll examine the breakdown of GRMN's revenue from abroad to comprehend the significance of its international presence.
Decoding GRMN's International Revenue TrendsEMEA generated $766.07 million in revenues for the company in the last quarter, constituting 37.9% of the total. This represented a surprise of +11.86% compared to the $684.82 million projected by Wall Street analysts. Comparatively, in the previous quarter, EMEA accounted for $656.84 million (37.5%), and in the year-ago quarter, it contributed $677.4 million (37.3%) to the total revenue.
APAC accounted for 13.7% of the company's total revenue during the quarter, translating to $276.63 million. Revenues from this region represented a surprise of -5.03%, with Wall Street analysts collectively expecting $291.29 million. When compared to the preceding quarter and the same quarter in the previous year, APAC contributed $275.02 million (15.7%) and $259.15 million (14.3%) to the total revenue, respectively.
Projected Revenues in Foreign MarketsThe current fiscal quarter's total revenue for Garmin, as projected by Wall Street analysts, is expected to reach $1.97 billion, reflecting an increase of 11.4% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: EMEA is anticipated to contribute 36.8% or $726.14 million, and APAC 15.8% or $311.61 million.
Analysts expect the company to report a total annual revenue of $8.13 billion for the full year, marking an increase of 12.2% compared to last year. The expected revenue contributions from EMEA and APAC are projected to be 36.1% ($2.93 billion), and 15% ($1.22 billion) of the total revenue, in that order.
Concluding RemarksThe dependency of Garmin on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.
With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.
Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
At the moment, Garmin has a Zacks Rank #1 (Strong Buy), signifying that it may outperform the overall market trend in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
A Look at Garmin's Recent Stock Price PerformanceOver the preceding four weeks, the stock's value has appreciated by 22.4%, against an upturn of 0.2% in the Zacks S&P 500 composite. In parallel, the Zacks Computer and Technology sector, which counts Garmin among its entities, has depreciated by 5.8%. Over the past three months, the company's shares have seen an increase of 22.4% versus the S&P 500's 4.2% increase. The sector overall has witnessed an increase of 1.6% over the same period.
