Track market-moving stories before they get noisy

The Dow Jones Industrial Average (DJI) is surging to record highs, up over 800 points and heading for its largest single-day percentage gain since April as investors rotate out of tech and into old economy stocks. Broadcom's (AVGO) post-earnings selloff sparked the chip sector woes, with the Nasdaq Composite (IXIC) firmly lower in response. Meanwhile, the S&P 500 Index (SPX) is trading flat after yesterday snapping a nine-day win streak. 

Continue reading for more on today's market, including:

Software stock plummets despite earnings beat.  UnitedHealth Group stock upgraded ahead of earnings.  Plus, options traders target VEEV; RDW awarded agricultural space contract; and WOOF slides after mixed results. 

Veeva Systems Inc (NYSE:VEEV) is seeing unusual options activity today. Options traders are targeting the cloud computing name at six times the intraday average volume after strong first-quarter earnings and revenue results, with 4,978 calls and 2,377 puts exchanged so far. The June 220 and 180 calls are the most popular. VEEV has struggled in 2026, sinking 20% so far, last seen down 0.2% at $178.25 despite its upbeat report.

One of the top performers on the New York Stock Exchange (NYSE), Redwire Corp (NYSE:RDW) was last seen up 19.3% at $22.18, after the company was awarded a contract from biotech name Astrobiome Space to grow strawberries and test Astrobiome Space's proprietary soil enhancement product on board the International Space Station (ISS). Rebounding from a four-day losing streak that came after a 52-week high, the shares are up 181.8% year to date. 

Petco Health and Wellness Company Inc (NASDAQ:WOOF) is down 16.9% to trade at $2.53, pulling back to familiar support at the $2.50 level after mixed first-quarter results. WOOF is now down 9.8% since the start of the year. 

The announcement sent Redwire shares nearly 16% higher as investors welcomed a new commercial space agriculture milestone.

The gain followed a sharp pullback earlier this week, when Redwire shares fell 15% after Jefferies downgraded the stock to Hold from Buy on valuation concerns, despite raising its price forecast to $24.

Short Squeeze Likely Added FuelThursday’s move may have been amplified by short covering. Approximately 17.96% of Redwire’s public float was sold short, creating conditions for a potential short squeeze as bullish traders piled into the stock following the contract announcement.

First Strawberries To Be Grown In SpaceThe mission will test Astrobiome Space’s microbial biostimulant while growing wild strawberries in orbit, marking the first cultivation of the fruit in space. Astrobiome Space expects the product to improve crop resilience and nutrient density.

Redwire said its Greenhouse platform is designed to support long-duration space missions and advance commercial space agriculture. Astrobiome Space will begin Earth-based testing this month ahead of the ISS flight.

“This contract with Astrobiome Space marks an exciting step forward in advancing critical technology for sustainable life-support systems beyond Earth,” said Marc Dielissen, Executive Vice-President of Redwire Europe.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $16.80. Recent analyst moves include:

Jefferies: Downgraded to Hold (Raises forecast to $24.00) (June 1) Canaccord Genuity: Buy (Raises forecast to $14.00) (May 11) Truist Securities: Upgraded to Buy (Raises forecast to $15.00) (March 9) Redwire Technical AnalysisRDW stock remains well above its key trend lines.

The stock trades about 32% above its 20-day simple moving average of $16.25. It also trades roughly 126% above its 200-day simple moving average of $9.47.

That shows how strong the longer-term rally has been. The bullish setup also remains intact. The 20-day SMA is above the 50-day SMA. A golden cross in April also keeps the broader trend pointed higher.

Momentum still looks positive. The MACD is above its signal line. The histogram is also positive. That suggests buyers still have control after the recent pullback.

Still, the stock looks extended. When a stock trades this far above its moving averages, any loss of buying pressure can lead to a sharp pullback.

Key Resistance: $26.64. This is the 52-week high from May. Key Support: $16.25. This is the 20-day SMA and the nearest major trend support. RDW Stock Price Activity: Redwire shares were up 15.84% at $21.57 at the time of publication on Thursday, according to Benzinga Pro data.

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Redwire Corp (NYSE:RDW) shares are trading lower on Tuesday after the company announced a new at-the-market equity offering.

Redwire stock is feeling bearish pressure. Why is RDW stock falling? Redwire launched an at-the-market equity offering on Tuesday, allowing the company to sell up to $500 million in common stock over time. The offering is structured as a continuous ATM, meaning shares can be sold incrementally rather than in a single raise, giving Redwire flexibility on timing and size.

Redwire plans to use the net proceeds for general corporate purposes including working capital, debt repayment or refinancing, strategic acquisitions or investments and R&D to accelerate product development.

Redwire had total liquidity of $175.2 million as of March 31, including $144.5 million in cash and cash equivalents. The company also announced an equity distribution agreement to offer and sell up to $350 million of common stock from time to time when it reported earnings last month.

Technicals Show Mixed Signals Despite Bullish TrendRedwire is currently positioned above its 50-day, 100-day, and 200-day simple moving averages, indicating a strong bullish trend. The 20-day SMA is slightly below the current price, suggesting a potential for upward momentum if the stock can maintain this positioning.

The RSI is at 59.14, which is in neutral territory, indicating that the stock is neither overbought nor oversold at this time. This level suggests that there is still room for upward movement before reaching overbought conditions.

MACD is currently below its signal line, indicating bearish pressure in the short term. Traders should be cautious as this could signal a potential pullback or consolidation phase before any further upward movement.

Key support is at 14.50 and resistance is at 17.50, which traders should monitor closely. A break below support could signal a trend reversal, while a move above resistance may confirm continued bullish momentum.

The golden cross in May, when the 50-day SMA crossed above the 200-day SMA, reinforces the bullish trend for Redwire. This crossover is a strong signal for traders looking for longer-term buying opportunities.

Over the past 12 months, Redwire has gained 5.03%, reflecting a positive longer-term trend despite recent volatility. This performance indicates that the stock has been able to maintain upward momentum over a significant period, which could attract more investors looking for stability.

Redwire Shares RetreatRDW Price Action: Redwire shares were down 8.67% at $16.96 at the time of publication on Tuesday, according to Benzinga Pro.

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Stocks are lower across the board, reversing this morning's gains as the chip rally fizzles. The Nasdaq Composite Index (IXIC) is down a whopping 504 points, while the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) sit firmly in the red as well. Meanwhile, West Texas Intermediate (WTI) crude is down 4.5%, after U.S. Energy Secretary Chris Wright said tanker traffic through the Strait of Hormuz is "rising very meaningfully," as President Trump continues negotiations with Iran. 

Continue reading for more on today's market, including:

Biopharma stock soars on $10.6 billion buyout.  Vail Resorts stock hit with bear notes after earnings miss.  Plus, options bulls eye CROX; ODC hits record highs; and RDW slides on equity offering. 

Call traders are targeting Crocs Inc (NASDAQ:CROX) today, after an upgrade from Baird to "outperform" from "neutral," with a price-target hike to $150 from $115. CROX has seen nine times its intraday average in call volume, with the most activity at the June 140 call, where new positions are being sold-to-open. The equity was last seen up 6% at $127.92, earlier tapping its highest mark since October 2024.

Pacing the top of the New York Stock Exchange's (NYSE) this afternoon is Oil-Dri Corporation of America (NYSE:ODC), up 12.9% to trade at record highs near $95, after the company's record fiscal third-quarter revenue and earnings growth. Year to date, the equity is up 93.2%. 

Aerospace and defense stock Redwire Corp (NYSE:RDW) is down 11.4% at $16.44, after the company entered into an equity distribution agreement allowing it to sell up to $500 million in common stock offerings. Though sliding further from its late-May 52-week peak, the shares are still up 106% year to date. 

Issued on behalf of Starfighters Space, Inc.

For years the most exciting companies in space stayed stubbornly private. That era is ending in a single week — and the way capital reaches the sector may never look the same.

Baystreet.ca News Commentary 

CAPE CANAVERAL, /PRNewswire/ -- There are two ways a company can find its way into the portfolios of the world's largest investors. The first is the one everyone talks about: a story so compelling that analysts champion it, fund managers buy it, and momentum builds. The second is quieter, more mechanical, and in many ways more powerful — a company simply grows large enough to cross an objective threshold, and the machinery of global index investing pulls it in automatically. This week, the commercial space sector is experiencing both at once, and the combination is turning what was once a niche, venture-funded frontier into a mainstream, publicly investable asset class.

The mechanical signal came when Starfighters Space, Inc. (NYSE: FJET) announced it had been added to the broad-market Russell 3000® Index, effective when U.S. markets open on June 29, 2026, as part of the first 2026 Russell reconstitution. The narrative signal — louder, and arriving the very same week — is the long-awaited public debut of SpaceX, the company that more than any other came to define the modern space age while remaining tantalizingly out of public reach. Taken together, they mark something larger than any single stock: the space economy is being wired directly into the plumbing of public markets.

Why Index Inclusion Is More Than a Trophy

Most catalysts that move a young stock depend on persuasion. Index inclusion does not. Membership in the Russell indexes is determined primarily through objective market-capitalization rankings and style attributes — not a committee weighing a company's prospects. A company is either large enough on the measurement date, April 30 this year, or it is not. Clearing that screen has compounding consequences: inclusion in the Russell 3000® brings automatic membership in either the large-cap Russell 1000® or the small-cap Russell 2000®, plus the relevant style indexes, and with it the attention of the index funds and benchmarked managers that track them.

The scale of that gravitational field is hard to overstate. According to data as of mid-2025, roughly $12.2 trillion in assets are benchmarked against the Russell U.S. indexes. And this year's reconstitution was unusually expansive: FTSE Russell reported the total market capitalization of the Russell 3000® rose about 29%, from $58.4 trillion to $75.6 trillion, as of the April 30 rank day. When the index expands and is recut, room opens at the threshold for companies that have grown into the size band — and capital markets have been notably receptive to space and defense names. For Starfighters, a company that completed its IPO only in December 2025, arriving on one of the world's most-followed benchmarks inside its first seven months as a public company is an unusually fast trip from the listing bell to the index card.

CONTINUED … Learn more about Starfighters Space, Inc. at: https://usanewsgroup.com/fjet-profile/

The Capstone: SpaceX Comes to Market

If Russell inclusion is the on-ramp, the SpaceX IPO is the eighteen-wheeler about to merge onto the highway. After filing its public S-1 prospectus in May 2026 and applying to list on Nasdaq under the symbol SPCX, the company widely regarded as the most important private space enterprise in history is, as reported, on the cusp of its market debut later this week, with pricing expected imminently. The figures attached to it are staggering: reporting has pointed to a share price around $135 and a valuation measured in the trillions of dollars, with a raise that, if achieved at the high end, would rank among the largest initial public offerings ever completed. (These figures are as reported and remain subject to final pricing.)

The importance for the sector is not really about one stock, however large. It is about what a successful mega-listing does to the category. It gives public investors a direct, liquid way to own the orbital economy's flagship name; it forces a market-clearing price discovery on space assets that until now traded only in private rounds; and it draws a wave of institutional attention toward every adjacent company that offers exposure to the same theme. A rising tide of capital looking for space exposure does not stop at a single ticker — it spreads across the names that make up the rest of the ecosystem.

The Ecosystem Riding the Wave

To understand why this is a sector story and not a single-company one, it helps to look at the range of public companies now competing for that institutional attention. Each offers a different lens on where capital is flowing across the modern space landscape.

Rocket Lab Corporation (NASDAQ: RKLB) has become the closest thing the public markets have to a SpaceX analogue, and its run reflects it: the stock reached fresh all-time highs around the mid-$140s in 2026, and it has expanded aggressively, including a spacecraft-robotics acquisition that pushes it further toward end-to-end mission capability and even Mars ambitions. Rocket Lab shows how hungry public investors are for a scaled, vertically integrated launch-and-space-systems story they can actually buy.

Intuitive Machines, Inc. (NASDAQ: LUNR) represents the lunar-economy thesis, building landers and services aimed at the renewed global push toward the Moon. As one of the names most associated with commercial lunar delivery, it illustrates how the investable space sector now reaches well beyond Earth orbit — and how richly the market is willing to value companies positioned for NASA-era Moon programs.

Redwire Corporation (NYSE: RDW) anchors the in-space infrastructure and manufacturing layer, supplying components, structures, and capabilities used across satellites and missions. Its strong 2026 performance underscores investor appetite for the "picks-and-shovels" providers that supply the broader build-out rather than any single launch.

Velo3D, Inc. (NASDAQ: VELO) rounds out the group from the supply-chain side, providing metal additive-manufacturing systems used to build mission-critical components for space, aviation, and defense programs. After reporting first-quarter 2026 revenue up 48% year-over-year and reaching a positive gross-margin inflection, Velo3D illustrates how the orbital build-out lifts not just launch and satellite names but the specialized manufacturers that supply the hardware behind them. These companies are referenced to illustrate the breadth of the sector, not to imply any partnership, endorsement, affiliation, or comparable financial performance; they span vastly different sizes and stages.

Where Starfighters Fits

Within that landscape, Starfighters Space occupies a genuinely differentiated niche. Rather than building rockets or satellites, the company operates what it describes as the world's only flight-ready MACH 2+ supersonic aircraft fleet, flying from NASA's Kennedy Space Center. The concept behind air-launch is elegant: releasing a vehicle from an aircraft already moving fast and flying high means the launch system inherits altitude and velocity it would otherwise have to generate itself, and because the platform is an aircraft rather than a fixed pad, it carries the promise of runway-based responsiveness and reusable hardware. "We believe our inclusion in the Russell 3000® Index represents an important milestone in Starfighters Space's evolution as a publicly traded space company," said CEO Tim Franta, framing the event as a reflection of growing awareness of the company's differentiated platform.

It is worth being clear-eyed: Starfighters is an early-stage, small-cap company whose shares have been volatile, and index inclusion changes visibility, not fundamentals. The real test ahead is commercial execution, not index mechanics. But the timing places the company inside one of the most powerful currents in the market right now — a sector being institutionalized in real time.

A Week That Resets the Map

Step back and the picture is striking. In a single week, the broadest benchmark in U.S. equities is formally ingesting space companies, and the sector's defining private giant is stepping onto the public stage. For a decade, owning the frontier of space meant access to private rounds most investors could never reach. That wall is coming down. The question for the rest of the year is no longer whether the space economy is investable — it is which companies, across which layers of the ecosystem, capture the attention now flooding in. The on-ramp is open, and the traffic is just beginning to build.

CONTINUED … Learn more about Starfighters Space, Inc. at: https://usanewsgroup.com/fjet-profile/

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SOURCES:

[1] Starfighters Space, Inc. — "Starfighters Space (NYSE: FJET) Added to Membership of Russell 3000® Index" (Business Wire, June 3, 2026; index inclusion effective June 29, CEO Tim Franta quote, company profile): https://finance.yahoo.com/markets/stocks/articles/starfighters-space-nyse-fjet-added-100000658.html

[2] FTSE Russell / Investing.com — Russell U.S. indexes 2026 reconstitution detail ($12.2T benchmarked; Russell 3000 total market cap up 29% to $75.6T; rank day April 30): https://www.investing.com/news/company-news/starfighters-space-added-to-russell-3000-index-effective-june-29-93CH-4723661

[3] Capital.com — SpaceX IPO overview (public S-1 May 20, 2026; Nasdaq application as SPCX; reported ~$135/share, pricing June 11, debut June 12; Starlink ~58% of revenue; figures as reported and subject to final pricing): https://capital.com/en-int/learn/ipo/spacex-ipo

[4] Bloomberg — "How SpaceX's Dream of a Record-Breaking IPO Stacks Up" (raise reported up to ~$75B; valuation in the trillions; would rank among largest IPOs in history): https://www.bloomberg.com/graphics/2026-spacex-ipo-stock-market-nasdaq-listings/

[5] Stocktwits — space-sector trading coverage around the SpaceX listing (peer names RKLB, LUNR, RDW, VELO and sector sentiment): https://stocktwits.com/news-articles/markets/equity/rklb-lunr-rdw-rise-musk-ai-satellite-vision/cZ0Ud6JR7bl

DISCLAIMER:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution, and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This communication is being distributed by Baystreet.ca on behalf of Market IQ Media Group, Inc. ("MIQ"), as a digital media distribution and not as a paid advertisement in the traditional sense. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media by Creative Direct Marketing Group ("CDMG"). USA News Group distributes this communication on behalf of MIQ regardless of the brand under which it appears. MIQ does not own any shares of Starfighters Space, Inc. and reserves the right to buy and sell shares of Starfighters Space, Inc. at any time without any further notice. There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. All material disseminated by MIQ on behalf of Starfighters Space, Inc. has been reviewed and approved by CDMG; this is a digital media distribution.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our publication is not trustworthy unless verified by their own independent research. Comparisons to other companies referenced in this publication are for contextual and illustrative purposes only and do not imply any partnership, endorsement, affiliation, or comparable financial performance. References to third-party companies, indexes, and the SpaceX initial public offering are for context only; MIQ has no relationship with and is not compensated by any of those parties. Forward-looking statements regarding index inclusion, the SpaceX offering, market growth, and company plans are subject to risks and uncertainties, and actual results may differ materially. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Redwire (RDW +14.90%) is turning into a broader aerospace and defense technology story, with exposure to drones, autonomous systems, space infrastructure, and secure communications. The upside is compelling, but the key question is whether management can turn backlog and defense expansion into sustainable earnings.

*Stock prices used were the market prices of June 2, 2026. The video was published on June 10, 2026.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Garmin (GRMN - Free Report) Olathe, Kansas-based, Garmin, Ltd. is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.

GRMN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. GRMN has a Growth Style Score of B, forecasting year-over-year earnings growth of 10.5% for the current fiscal year.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.26 to $9.46 per share. GRMN boasts an average earnings surprise of +10.3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, GRMN should be on investors' short list.

Honor marks 18th top aerospace supplier award Embraer has presented to Garmin

, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it received a Best Supplier of the Year Award for the 11th consecutive year from Embraer during the annual Embraer Suppliers Conference (ESC), held April 14–15 in São José dos Campos, Brazil. Embraer recognized Garmin in the Electrical and Electronic Systems category, reinforcing Garmin's long-standing commitment to quality, innovation and customer support for its G3000® Prodigy Touch flight deck systems in the Phenom 100EV and Phenom 300E.

Garmin receives Best Supplier of the Year Award for 11th straight year from Embraer "We are honored to once again be recognized by Embraer as Best Supplier of the Year. Earning this award for the 11th consecutive year is a testament to the dedication and expertise of the entire Garmin team, and to our shared commitment with Embraer to deliver innovative, reliable avionics solutions backed by industry‑leading support."
–Carl Wolf, Garmin Vice President Aviation Sales, Marketing, Programs & Support 

The Embraer Best Suppliers Award recognizes an elite group of suppliers for outstanding performance, continuous improvement and contributions to customer satisfaction across Embraer's global commercial aviation, business aviation and defense markets. Garmin's recognition in the Electrical and Electronic Systems category validates Garmin's achievement in designing and manufacturing state-of-the-art flight deck systems while remaining responsive to market needs and preferences.

Over the past 16 years, Embraer has presented Garmin with 18 top honors across various categories including Best of the Best; Electrical & Electronic Systems; Technical Support to Operators; Electro-Mechanical Systems; Material Support to Operator; and Services & Support.

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 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]

SOURCE Garmin International, Inc.

Garmin Brings Its Best Training Tools to Its Cheapest Running Watches

The new Forerunner 70 and 170 get advanced training tools, brighter screens and a $50 price hike.

Vanessa is a lead writer at CNET, reviewing and writing about the latest smartwatches and fitness trackers. She joined the brand first as an on-camera reporter for CNET's Spanish-language site, then moved on to the English side to host and produce some of CNET's videos and YouTube series. When she's not testing out smartwatches or dropping phones, you can catch her on a hike or trail run with her family.

Expertise Consumer Technology, Smart Home, Family, Apps, Wearables

3 min read

Garmin's most affordable running watches are getting a serious upgrade. The newly announced Forerunner 70 and Forerunner 170 add smarter training tools, brighter AMOLED displays and deeper recovery insights previously reserved for Garmin's pricier watches -- though the improvements also come with higher starting prices.

The Forerunner 70 starts at $250, while the Forerunner 170 starts at $300, replacing the older Forerunner 55, which launched at $200. Both watches are designed for newer runners or casual athletes looking to level up their training without jumping straight into Garmin's premium multi-sport lineup.

Known for its dedicated sports watches across categories like running, cycling, golf and triathlons, Garmin has built a loyal following among athletes thanks to its training-focused software and battery life that often lasts for weeks rather than days. Garmin makes a sports watch for nearly every niche imaginable, but the entry-level Forerunner line has been one of Garmin's most popular gateways into the ecosystem because of its relatively accessible price.

The base model Garmin Forerunner 70 now starts at $250 and comes in six different color options. 

Garmin/CNETWhat it measures, and what's new?Aside from running, both watches track more than 80 activities like cycling, swimming and strength training. Live metrics include heart rate, pace and distance, Body Battery (which measures energy levels throughout the day), stress tracking and breathing variations. They also have safety features like LiveTrack, which lets you share your location with others during a run.

The biggest headliner, though, is the trickling down of more sophisticated training tools. Garmin is bringing several features previously reserved for higher-end models to its entry-level watches, including Training Readiness, Training Status, wrist-based running power and running dynamics metrics.

Both watches now support Garmin Coach plans that adapt daily based on recovery and performance data. The updated system includes more beginner-friendly run/walk programs and lower-volume training plans designed to help newer runners gradually build endurance. A new Quick Workouts feature also simplifies training setup so you can choose a workout based on how much time you have, as well as your desired intensity level.

Runners looking for more advanced tools like multi-band GPS will still need to step up to Garmin's pricier Forerunner models, like the 570 series, which runs roughly $200 more.

Fit and designThe Forerunner 70 and 170 keep Garmin's familiar sporty aesthetic, with a lightweight plastic frame and five physical buttons.

The Garmin Forerunner 170 (left) with a dual color band in green teal, and the Forerunner 70 (right) in cool lavender. 

Garmin/CNETThis year's models also get a screen bump: a brighter 1.2-inch AMOLED display with touchscreen support, along with new color options (ranging by mode) that now include teal, lilac, citron and soft pink variants. 

The screens still aren't quite as sharp or fluid as flagship smartwatches like the Apple Watch Series 11 or Samsung Galaxy Watch 8, but Garmin's interface prioritizes outdoor visibility, battery efficiency and tactile controls that are easier to use mid-run with sweaty fingers or gloves.

One caveat: the plastic back casing has been known to cause skin irritation with prolonged wear, which is worth keeping in mind, considering some of its best features require 24/7 tracking. 

Watch this: Weeks of Battery: Why I'll Never Switch From Garmin | All Things Mobile

06:58

The biggest functional differences between the three models -- the Forerunner 70, the Forerunner 170 and 170 Music -- center on payments and media features.

On top of everything in the Forerunner 70, the Forerunner 170 adds Garmin Pay support, while the slightly pricier Forerunner 170 Music also includes onboard music storage for phone-free playback of downloaded playlists, podcasts and audio from supported third-party services.

The Forerunner 170 ($300) and Forerunner 170 Music ($350) come in four color options. 

Garmin/CNETBattery life Battery life remains one of Garmin's biggest advantages over traditional smartwatches and is another differentiator between the three Forerunner models. 

Garmin rates the Forerunner 70 for up to 13 days in smartwatch mode (where you raise the watch to wake), while the Forerunner 170 and 170 Music are rated for up to 10 days.

Those figures are based on Garmin's own testing, so we'll need to spend more time with the watches to evaluate real-world endurance.

Pricing and availability Available to purchase on garmin.com starting Friday, the Forerunner 70 starts at $250, the 170 costs $300 and the 170 Music costs $350.

We'll be testing the new watches in the coming weeks, so stay tuned for a full review.

VANESSA HAND ORELLANA

Lead Writer

Vanessa is a lead writer at CNET, reviewing and writing about the latest smartwatches and fitness trackers. She joined the brand first as an on-camera reporter for CNET's Spanish-language site, then moved on to the English side to host and produce some of CNET's videos and YouTube series. When she's not testing out smartwatches or dropping phones, you can catch her on a hike or trail run with her family. See full bio

 The dynamic, data-driven charts tailored to simplify terminal procedures can now be used for flight planning on a computer

, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that SmartCharts, its dynamic aviation charting solution is now available for Garmin Pilot™ Web. SmartCharts provides pilots with a simplified and intuitive experience by producing clear and relevant data to depict a chart tailored for their specific flight operation. Now available on Garmin Pilot Web, Garmin's powerful flight planning website that complements the Garmin Pilot mobile app, SmartCharts serves as the primary charting tool and allows pilots to view simplified terminal procedures, including instrument approach procedures (IAP), departure procedures (DP) and standard terminal arrival routes (STAR). Integrated into the flight planning flow, SmartCharts allows pilots to seamlessly evaluate the impacts of weather and NOTAMs on each procedure and provides a straightforward presentation of the resultant adjustments to minima or equipment required before ever leaving the ground. Additionally, SmartCharts airport diagrams are available in the Garmin Pilot mobile app on iOS devices and will come to Garmin Pilot Web in the future.

Garmin brings revolutionary SmartCharts to Garmin Pilot Web "SmartCharts have completely changed how pilots plan and brief instrument flights, and this capability now comes to Garmin Pilot Web. The decluttered terminal procedures allow pilots to focus on the most relevant and key information for their flight, ultimately helping to promote safety and situational awareness well in advance of stepping into the cockpit. Now, no matter how a pilot plans their flights, they can utilize our revolutionary SmartCharts."
–Carl Wolf, Garmin Vice President Aviation Sales, Marketing, Programs & Support 

Data-driven flight planning

SmartCharts uses digitized data from global sources to create a consistent, standardized and scalable charting solution. Garmin utilized that data to build the clearest possible picture of information needed to successfully fly charted procedures via a new charting user interface, which is now available in Garmin Pilot Web. This interface, coupled with the digital data, allows SmartCharts procedures to automatically adjust and scale as the pilot zooms and pans within the chart, similar to Garmin's data-driven maps across its entire product line. This data also allows SmartCharts to highlight details and notes that could be easily overlooked and lost on traditional charts, or may only be available in a briefing from disparate sources. Integrated into the flight planning flow in Garmin Pilot Web, these highlights include adjustments to minima – such as minima height adjustments due to NOTAMs, alternate minimums, etc. – to be automatically calculated, providing a clear picture of impacts and allowing formation of a strategic plan for the upcoming flight.

The SmartCharts user interface is consistent across both Garmin Pilot Web and the mobile app, creating a seamless experience for pilots, regardless of which tool they choose to flight plan with. When using Garmin Pilot Web, the user has the ability to view charts in a split screen or a full screen, to take advantage of the additional screen real estate of the computer. 

Simplified information

SmartCharts helps to optimize pilot workflow by providing only relevant data, important both in the cockpit and when flight planning. Users can make selections – such as aircraft type, arrival/departure/approach transition fix, runway, and more – to simplify the chart down to the information that they need to see, including information for their primary airport, or as they evaluate choosing a planned alternate. Starting with standard terminal arrival routes (STARs) and standard instrument departures (SIDs), the user selects their aircraft type, the route transition they are flying, and the runway of intended use. This reduces depicted information to only show the routing, fixes, and crossing restrictions pertinent to their expected procedure. Quick Access buttons also reveal pertinent procedure details like briefing information, communications frequencies, graphical missed approach icons, and more so pilots can easily find and decipher needed information as they build their preflight picture.

When viewing an approach procedure, approach minima are updated and presented to the pilot via easy selection buttons for aircraft category, approach type (e.g. ILS, LOC, LPV, LNAV, etc.) and other adjustments like local or other altimeter settings, inoperative airport lighting, flight director or HUD use, and more. Those selections then present only one minima number to reference, allowing for easy evaluation of go/no-go decisions or the need for further contingency planning.

The popular Approach Vertical Profile View is also available in SmartCharts on Garmin Pilot Web. Pilots can enhance the planning process by seeing terrain and obstacles below their approach path to the runway without ever leaving the ground. SmartCharts can be accessed via the Airports and Flights tabs, similar to Garmin Pilot mobile.

Garmin Pilot Web was launched in 2025 to ensure Garmin Pilot users could use the popular flight planning tool on any device, including their computer. Flights planned on Garmin Pilot Web sync to mobile devices for seamless planning and flying. For users that prefer to plan their flights on a computer, adding SmartCharts to Garmin Pilot Web gives them the most consistent experience so they can plan with SmartCharts on their computer and fly with SmartCharts on their iOS mobile device. 

SmartCharts are available on Garmin Pilot Web and the Garmin Pilot mobile app with a Premium subscription in the United States and the Bahamas at launch. For pilots looking to try out SmartCharts and Garmin Pilot for the first time, they can take advantage of the 15 for 12 promotion, available at Garmin.com/AviationPromotions.

To learn more, including how to use SmartCharts from chock-to-chock during operation, visit Garmin.com/SmartCharts.   

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 is a registered trademark and Garmin Pilot 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 Contact:
Mikayla Rudolph
913-397-8200
[email protected]

SOURCE Garmin International, Inc.

Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Timken (TKR) and Garmin (GRMN). But which of these two stocks is more attractive to value investors?

Data shows how athletes logged activities on two legs and two wheels

, /PRNewswire/ -- Garmin (NYSE: GRMN) is celebrating both global running day and global cycling day with the release of its running and cycling data reports, highlighting how athletes around the world are recording runs and rides. Whether taking to the trails, roads, mountainsides or their home gyms, the Garmin Connect™ community proved running and cycling activities remain popular globally.

Here are some key takeaways from the past year:

Garmin's running and cycling data reports highlight how athletes around the world are recording runs and rides. Running data

Garmin runners recorded nearly 13% more indoor and 3% more outdoor running activities. There was also a 23% increase in users who recorded a run and a strength activity in the same week. The average distance ran was 4.82 miles with those aged 50-59 running slightly more per activity on average at 5.1 miles. The average pace per mile was 9:21 for men and 10:11 for women. Runners in Ireland logged the fastest average mile (9:09) followed by those in Portugal and then Italy. Runners logged the most miles in August and typically ran the farthest on Saturdays. The half marathon training plan was the most popular distance trained for using Garmin Coach. The average VO2 max for all Garmin runners was 50 and the average sleep score was 73. Cycling data

The average bike ride per user was 28.59 miles with cyclists in Italy recording the highest average miles per ride (34.73), followed by those in Belgium and then Spain. Garmin cyclists spent about 115 minutes on average on each ride. They also recorded most of their rides on Sundays and the most popular month of the year for all rides was August.   Garmin cyclists rode an average speed of 14.89 miles per hour (mph) and climbed an average 1,158 feet per ride. The average VO2 max for all Garmin cyclists was 51. Data also indicates that the more miles cyclists recorded each week, the higher their VO2 max was. Click here to read the entire running data report and here to read the cycling data report.

What athletes love about Garmin

"Living in Seattle, I rely heavily on indoor track training, and the indoor track activity on my Garmin Forerunner® 970 allows me to maintain the same level of pacing precision I expect from GPS outdoors. The consistency my smartwatch provides is critical for getting the most out of every session—no matter where I'm running."
—Isaiah Harris, Garmin-sponsored 800m runner

"My Edge 850 is a non-negotiable for every training ride. Lately, I have been exploring new ride areas and trails. It's so important for me to reduce my pause time while training, so I have a screen set on my Edge with a large view of navigation with a couple ride stats, including my ride time and power. Since the navigation on the Edge is so easy to use and read while riding, I can stay on top of my specific training plan and ride like a local in new places. The entire ecosystem on Garmin Connect makes it easy to view my training stats, sleep, and recovery all in one place. One feature I really appreciate is the Altitude Acclimation, which allows me to track my elevation and performance improvements throughout my altitude training. Since I am tracking my training load on my Edge and sleep with my Index™ Sleep Monitor1, I can optimally observe how I balance my training and recovery while at altitude. Every detail counts!"
—Haley Batten, Garmin-sponsored mountain biker

Ready for every run or ride

From casually running and cycling with friends to preparing for their next big race, athletes can count on Garmin products to help them train smarter and go farther. The latest smartwatches – including Forerunner 70, Forerunner 170, Forerunner 570, Forerunner 970, fēnix® 8 Pro and Venu® 4 – are packed with popular health and fitness features to help runners and cyclists of all abilities achieve their goals. Garmin's cycling collection includes Edge GPS cycling computers with bike-specific mapping and advanced training features, as well as Rally™ pedal-based power meters, Varia™ smart lights and rearview radars that warn of approaching cars and Tacx® indoor smart trainers to help cyclists train smarter year-round.

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 @garmin on social, or follow our blog.  

1 Activity tracking accuracy.

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, Edge, Forerunner, fēnix and Venu are registered trademarks and Garmin Connect, Index, Rally 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: Stephanie Kelner and Adrieanna Norse / 913-397-8200 / [email protected]

SOURCE Garmin International, Inc.

Listen to the audio version of this article (generated by AI).

Oura is going public at the perfect cultural moment. And that is exactly what makes the IPO dangerous.

The smart-ring maker has confidentially filed its draft IPO paperwork with the Securities and Exchange Commission, according to CNBC. The company says it is on track to pass 5 million paid members this quarter. Revenue has reportedly grown fourfold over the past two fiscal years. Oura was valued at $11 billion last October after a $900 million Series E round, and it has raised more than $1.5 billion in total.

Those are monster numbers. They also explain why this IPO may already have too much good news baked in.

Wall Street has discovered wearable health. Wellness has become dinner-table conversation. People who used to brag about 80-hour weeks now brag about zone 2 cardio, magnesium glycinate, eight hours of sleep, and a morning readiness score.

That shift is real. It may last for decades.

But buying the hottest private company after the market has already found the theme is still a dangerous way to make money.

Just ask Peloton.

The Peloton Warning: Seeing the Future Doesn’t Make the IPO Safe Peloton understood the future early.

Fitness was moving into the home. Hardware could become a social product. A bike could become a media platform. A workout could become a subscription habit. 

Peloton was right about the culture. Investors paid pandemic multiples for that story. Then demand normalized, competitors caught up, and the world reopened.

That is the Oura risk in miniature.

Oura may be a great product. It may keep growing. It may even become one of the defining consumer health brands of this decade. The IPO can still be a poor entry point.

At an $11 billion private valuation, Oura is being valued less like a hardware company and more like a platform. CEO Tom Hale told CNBC the company was on track for about $1 billion in 2025 sales and could approach $2 billion in 2026. Even if it hits the high end of that 2026 target, the last private valuation still implies roughly 5.5x those future sales.

That can work if Oura proves it has high-retention software economics. Though the math gets much tougher if the S-1 shows a premium hardware business with a subscription wrapper.

Hardware gets copied. Sensors get cheaper. Wellness fads cool. The winner turns health obsession into durable habits, services, locations, devices, records, and treatment loops.

Oura owns a strong measurement point. The public-market winners could own the rest of the system.

The Health Boom Is Much Bigger Than the Oura Ring Oura’s pitch is simple: a small device watches your body all day and all night, then turns that stream of signals into advice.

That sounds like a ring story. The trail of money is bigger.

People are changing what they spend on. More dollars are going into health, energy, fitness, sleep, appearance, longevity, and self-command. A premium gym membership can signal more than a nicer briefcase. A shoe rotation can matter more than another suit. A lab panel, a running watch, GLP-1 care, a recovery score, or a training plan can become part of how someone sees themselves.

Oura is following the money. It has:

Pushed into AI coaching through Oura Advisor Moved into metabolic health through Veri and a Dexcom partnership Launched Health Panels with Quest Diagnostics, offering about 50 biomarkers for $99 with in-app interpretation.  Bought medical-record technology through Galen AI Invested in women’s health, cardiovascular risk, and enterprise wellness. That is the correct map.

The issue is ownership. How much of the economics can Oura keep when the same trend feeds gyms, shoes, watches, phones, labs, treatment platforms, and clinical data companies?

10 Wellness Stocks to Buy Instead of the Oura Ring IPO As it turns out, a lot of those better-positioned stocks are already public. 

Life Time: the Cleanest Lifestyle Play Life Time Group (LTH) may be the most culturally relevant stock in this whole basket. Oura tracks the body. Life Time gives the body somewhere to go.

The company operates premium athletic country clubs built around fitness, recovery, pools, classes, childcare, coworking, cafes, spas, and social life. 

For a certain kind of buyer, the new status symbol is a body that works, a sleep score that is decent enough to share, a trainer, a sauna, a pickleball court, and a place to spend Saturday morning without feeling like garbage. That is Life Time’s lane.

Sales: $3.1 billion | Quarterly growth: 11.7% | Operating margin: 16.9% | Forward P/E: ~19x Risks: real estate, debt, consumer spending, premium-gym execution The trend fit is unusually clean. This is the higher-upside lifestyle pick. Garmin: the Better Wearable Business Garmin (GRMN) is the cleaner public wearable stock. It wins through trust instead of fashion — runners, cyclists, hikers, divers, pilots, golfers, and endurance athletes buy Garmin because the products work.

Its fitness segment revenue rose 42% year over year in Q1 2026.

Sales: $7.5 billion | Quarterly growth: 14% | Operating margin: 26% | Profit margin: 23% Garmin is mature, profitable, and built for committed users — not wellness tourists. Hims & Hers Owns the Action Layer Hims & Hers (HIMS) is a very different kind of Oura-adjacent stock. Oura measures and nudges. Hims sells action.

The company has built a direct consumer health funnel across sexual health, dermatology, mental health, weight loss, and GLP-1-related care. It also has a natural path into biomarkers, diagnostics, and AI coaching — giving it a broader monetization surface than a wearable brand.

Sales: $2.4 billion | Gross margin: 57% | Price-to-sales: 2.5x | Short interest: ~31% of float The short interest tells you the market sees both sides. Hims has more upside than the mature names — and more ways to get hurt. Quest: the Boring Biomarker Engine Quest Diagnostics (DGX) is dull in a useful way.

Oura’s Health Panels run through Quest — but Quest already does this job at much larger scale. It runs bloodwork and biomarker testing for physicians, hospitals, employers, and direct consumers. Oura is one front door into that lab system. It is not the whole building. Consumer-direct revenue at questhealth.com grew in the high-20% range in Q1, with partnership-driven testing growing even faster.

Sales: $11.3 billion | Quarterly growth: 9.2% | Operating margin: 14.6% | Forward P/E: ~16.7x Bloodwork is harder to hand-wave than a readiness score. DGX is the boring toll road behind the shiny wearable. Dexcom: the Better Oura-Linked Sensor Play Dexcom (DXCM) invested in and partnered with Oura — combining glucose data with sleep, activity, and recovery signals. It is already profitable, already scaled, and already central to the continuous-glucose-monitoring market.

Sales: $4.8 billion | Quarterly growth: 15% | Operating margin: 21.5% | Forward P/E: ~23x Risks: reimbursement, competition, pricing, and the pace at which CGM expands beyond diabetes into mainstream metabolic health. If metabolic tracking becomes a normal consumer habit, Dexcom is one of the cleaner public ways to play it. Google Just Made the Oura Trade More Dangerous Earlier this month, Google announced Fitbit Air — a screenless fitness tracker starting at $99.99, designed for 24/7 health monitoring, paired with Google Health Coach, a Gemini-powered fitness, sleep, and wellness advisor.

Alphabet (GOOGL) is a mature mega-cap with health optionality. Fitbit Air will barely move its revenue by itself. The bigger point: Google has Android, Fitbit, Gemini, cloud infrastructure, and consumer reach. If wearable health becomes an AI coaching market, Google competes at the software layer while Oura fights hardware margin pressure.

Oura may sell a better object. Google may own the decision layer.

Apple: Best Device Footprint, Hardest AI Question Apple (AAPL) belongs in this conversation whether Oura bulls like it or not. The Apple Watch is already on millions of wrists. The Health app already sits on the iPhone. Apple has the hardware, the trust, the privacy pitch, the payments relationship, and the developer ecosystem.

The caveat: Apple’s health-coaching ambitions have lagged its hardware. The AI layer isn’t ready yet. Apple can still win — the win may just arrive later and with less force than investors expect.

AAPL is a core trend participant. It is a slower, safer way to own the theme.

Tempus and Illumina: the Health-Data Brain and Plumbing Tempus AI (TEM) and Illumina (ILMN) are the data stack under the ring-stock story.

Tempus sits closer to oncology, clinical AI, and diagnostics than to consumer wellness. 

Sales: $1.4 billion | Quarterly growth: 36% | Gross margin: 62% | Operating margin: negative | Short interest: ~25% Speculative growth — higher upside, higher drawdown risk If AI health-data platforms work, Tempus could matter. If investors tire of unprofitable AI-health stories, it can get punished fast. Illumina is the sequencing infrastructure name — less sexy after years of overhangs, but still near the base of biology-as-data. 

Sales: $4.4 billion | Operating margin: 20.6% | Profit margin: 19.4% | Forward P/E: ~25x If longevity, prevention, and cancer screening keep expanding, sequencing remains part of the machinery. Deckers: the Lifestyle Dividend Deckers (DECK), through Hoka, captures the easiest version of the trend to understand. Hoka sits directly in the behavior shift toward walking, running, and low-impact endurance training.

Sales: $5.5 billion | Quarterly growth: 8.7% | Operating margin: 22.8% | Forward P/E: ~13.7x Profitable, real trend exposure; fashion-cycle risk. This is the “touch grass and buy better shoes” part of the health trade.

Two Cautionary Tales: What Not to Buy In the Wellness Boom Peloton (PTON) and Lululemon (LULU) are cautionary tales worth studying — and leaving off the buy list.

Peloton proves that trend accuracy cannot save a stock when the valuation, hardware cycle, and demand assumptions break.

Lululemon proves that wellness identity alone is thin protection. The brand can still be valuable. The stock can still be cheap. The growth story has lost its clean shape, and Mirror already showed how hard it is to bolt connected fitness onto an apparel brand.

They are worth knowing. Neither belongs on the buy list. 

The Bottom Line: Let Someone Else Buy the Oura Ring IPO Oura is part of an undeniable boom. Yet that alone only gets investors so far.

This company is going public after the market already understands the story: sleep tracking, recovery, metabolic health, AI coaching, preventive care, and longevity. The product is cool. The brand is strong. The growth is impressive.

The stock may still be a trap if investors pay platform prices before the S-1 proves platform economics.

I want to see the revenue split and hardware gross margin versus subscription gross margin. I want to see churn, paid-member attach rate, cohort retention, customer acquisition cost, replacement cycles, and the economics of labs, CGMs, employer programs, and AI coaching.

Until then, I would let someone else buy in at IPO-hype prices.

The better trade is to buy the companies that can survive after the fad burns off.

Oura may become a great company. It may even become a staple of health wearables someday, the kind of product people put on at night as automatically as they charge their phone.

That still says very little about whether the stock will be a good deal on IPO day. A great product can come public at a bad price. In this market, the better way to play the health boom may be to skip the IPO and buy the companies already holding the pieces that last.

Oura won’t be the last IPO to test your discipline this year.

The window is already closing on what I believe are the two most important pre-IPO trades in a generation. Most investors will find out about them on IPO day — which is precisely when the best opportunity has already passed.

I’ve spent months mapping the ecosystem. I know which stocks I want to own before the headlines arrive.

Here’s what’s on that list — and why the clock is running.

Garmin shareholders approve quarterly dividend through March 2027 PR Newswire

SCHAFFHAUSEN, Switzerland, June 5, 2026

Company announces record date and payment date for June 2026 dividend installment

, /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $4.20 per share, payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates the scheduling of the remaining quarterly dividend installments as follows:

Dividend Payment Date

Record Date

Dividend Per Share

June 26, 2026

June 15, 2026

$1.05

September 25, 2026

September 11 2026

$1.05

December 24, 2026

December 11, 2026

$1.05

March 26, 2027

March 12, 2027

$1.05

About Garmin Ltd:

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. 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 virtual Newsroom, email our press team, or follow us on LinkedIn.

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 risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described 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 001-41118). A copy of Garmin's 2025 Form 10-K can be downloaded from 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-shareholders-approve-quarterly-dividend-through-march-2027-302792837.html

SOURCE Garmin Ltd.

Innovative auto racing radar system provides visual alerts for approaching vehicles to improve awareness and support defense performance

, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the unrivaled Garmin Catalyst™ R1 racing radar, purpose-built to provide high-performance drivers with more situational awareness1 in their vehicle for a competitive advantage on the racetrack. The radar system features heads-up indicator lights that are positioned within the driver's line of sight in the cockpit, allowing them to keep their eyes on the track and maintain awareness of vehicles approaching from behind.

Innovative auto racing radar system provides visual alerts for approaching vehicles to improve awareness and support defense performance. "We're excited to bring our radar expertise to high-performance driving, furthering our commitment to the motorsports racing community. The Garmin Catalyst R1 is a first-of-its-kind radar system that allows drivers to improve overtaking, defending and on-track decision-making without compromising their focus."
—Susan Lyman, Garmin Vice President of Consumer Sales and Marketing

Designed to race

The Garmin Catalyst R1 radar is unobtrusive, rugged and has an IP67 dust/water rating that can withstand rigorous racetrack conditions including weather, heat and vibration. Along with the indicator lights and rear-facing sensor, the radar system includes all mounting hardware needed to secure on a race vehicle.

Available to purchase on garmin.com starting June 12, 2026, the Garmin Catalyst R1 racing radar has a suggested retail price of $799.99. Visit our website to learn more.

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

Adverse weather conditions and wet racetracks may interfere with operation of the device. Always maintain awareness of your surroundings while using this device, especially in these conditions.

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 Catalyst 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 Connor Hoffman
913-397-8200
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SOURCE Garmin International, Inc.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Let's take a look at what these Wall Street heavyweights have to say about Rigetti Computing, Inc. (RGTI - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Rigetti Computing currently has an average brokerage recommendation (ABR) of 1.75, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms. An ABR of 1.75 approximates between Strong Buy and Buy.

Of the 12 recommendations that derive the current ABR, seven are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 58.3% and 8.3% of all recommendations.

Brokerage Recommendation Trends for RGTI

Check price target & stock forecast for Rigetti Computing here>>>

The ABR suggests buying Rigetti Computing, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is RGTI Worth Investing In?In terms of earnings estimate revisions for Rigetti Computing, the Zacks Consensus Estimate for the current year has declined 35.5% over the past month to -$0.18.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Rigetti Computing. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Rigetti Computing with a grain of salt.

RGTI stock surges on quantum optimism, but limited adoption, widening losses and lofty valuation raise questions about whether gains can last.

Rigetti Computing (RGTI +6.51%) stock went on a massive run in May, surging over 46%.

Shares got a boost from a marketwide rally that saw the Nasdaq Composite gain more than 8%, but better-than-expected Q1 earnings and a major announcement from the federal government both sent the stock higher.

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Federal quantum funding gives Rigetti a major boost On May 21, the U.S. Department of Commerce signed letters of intent to award $2 billion in federal grants to nine quantum computing companies under the CHIPS and Science Act. Aimed at accelerating the development of "utility-scale, fault-tolerant quantum computing," the program was seen as a major endorsement from the federal government.

Source: Getty Images

Rigetti will receive up to $100 million over three years, per a letter of intent. That's a pretty big sum for a company that generated just $4.4 million in revenue last quarter, and it helps provide a financial runway.

Shares jumped nearly 57% on the day of the announcement and the day following.

The CHIPS Act announcement was a big moment for the whole quantum industry. Rigetti was far from the only pure play stock to see a huge spike on the news.

Q1 earnings beat expectations as revenue nearly triples Earlier in the month, Rigetti released its Q1 2026 earnings. Revenue came in at $4.4 million, a nearly 200% year-over-year increase and well above analyst targets. The growth was driven by deliveries of the company's Novera quantum processing units, as well as netting some government contracts.

The company is still burning cash, however, with a free cash flow (FCF) of -$20.6M.

MetricQ1 2026Q1 2025Revenue$4.4M$1.5MEBITDA($23.3)($19.8)Cash418.3M209.1M Cepheus finally launches The company also hit an important technical milestone. Rigetti's 108-qubit Cepheus system was finally released. The company says it achieved "two-qubit gate fidelity" of roughly 99.1%, with targets of 99.5% fidelity and 150-plus qubits by year-end.

The Cepheus system had been delayed, so its successful launch was a critical win.

IBM's $10 billion quantum commitment helps boost shares Right at the end of the month, IBM added fuel to the rally by announcing plans to invest more than $10 billion in quantum computing. Over the next five years, the company plans to invest that money in R&D, manufacturing, and "ecosystem partnerships".

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends International Business Machines. The Motley Fool has a disclosure policy.

I've got bad news and good news for Rigetti Computing (RGTI +6.51%) investors today.

Bad news first: Rigetti stock is plunging 11.6% through 11:30 a.m. ET Friday. And the good news?

Image source: Getty Images.

No bad news for Rigetti Computing The good news is that there's no specific bad news behind the sell-off -- no earnings reports that missed targets, no analyst downgrades, not even so much as a lowered price target on Wall Street. Instead, Rigetti stock seems to be going down simply because everything tech is selling off today: Bitcoin (BTC +2.62%) is off nearly 5% so far this morning, Nvidia (NVDA +2.30%) shares are off a similar amount, while memory company Micron (MU +11.48%) is down even more.

Basically, what we're looking at here is just a "risk-off" day for the market.

What sparked it? The most likely catalyst seems to be worries over Broadcom's (AVGO +3.54%) earnings report Wednesday night. Broadcom spooked investors when it warned that sales of its artificial intelligence chips will "only" triple in Q3, and not grow even faster, as analysts had hoped.

And now everyone is panicking about everything tech, quantum computing stocks included.

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So, is it safe to buy Rigetti stock? Just knowing why Rigetti stock is selling off doesn't necessarily mean it's safe to buy it, however. As a technology and as an industry, quantum computing is still in its infancy and probably years away from being a profitable endeavor.

In the case of Rigetti, analysts polled by S&P Global Market Intelligence don't expect profits to arrive as far out as analysts are willing to make forecasts (which is 2030), with the company burning through hundreds of millions of dollars in cash along the way. Before buying this dip, make sure to check your risk tolerance first.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Broadcom, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.

Rigetti Computing, Inc. (RGTI - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this company have returned +9.2% over the past month versus the Zacks S&P 500 composite's +1.9% change. The Zacks Internet - Software industry, to which Rigetti Computing belongs, has gained 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Rigetti Computing is expected to post a loss of $0.03 per share, indicating a change of +40% from the year-ago quarter. The Zacks Consensus Estimate has changed -37.5% over the last 30 days.

The consensus earnings estimate of -$0.18 for the current fiscal year indicates a year-over-year change of +71.9%. This estimate has changed -38.7% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.18 indicates a change of +0.9% from what Rigetti Computing is expected to report a year ago. Over the past month, the estimate has changed +5.9%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Rigetti Computing is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Rigetti Computing, the consensus sales estimate for the current quarter of $4.91 million indicates a year-over-year change of +173%. For the current and next fiscal years, $25.32 million and $52.04 million estimates indicate +257.3% and +105.5% changes, respectively.

Last Reported Results and Surprise HistoryRigetti Computing reported revenues of $4.4 million in the last reported quarter, representing a year-over-year change of +199.3%. EPS of -$0.04 for the same period compares with -$0.08 a year ago.

Compared to the Zacks Consensus Estimate of $3.24 million, the reported revenues represent a surprise of +35.59%. The EPS surprise was +20%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Rigetti Computing is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Rigetti Computing. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

It has been about a month since the last earnings report for Rigetti Computing, Inc. (RGTI - Free Report) . Shares have added about 3.3% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Rigetti Computing due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

RGTI Q1 Earnings & Revenues Beat Estimates, Gross Margin UpRigetti reported first-quarter 2026 adjusted loss per share of 4 cents, narrower than the loss per share of 8 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 20%.

GAAP loss per share in the reported quarter was 6 cents against the earnings per share of 13 cents in the prior-year quarter.

Rigetti’s Revenue DetailsThe company reported total revenues of $4.4 million, up 198.9% year over year. The top line surpassed the Zacks Consensus Estimate by 35.6%.

Rigetti’s first-quarter 2026 revenues were driven primarily by higher sales of its on-premises Novera quantum systems and broader customer adoption across academic, government and research institutions. The commercial rollout of its 108-qubit Cepheus-1-108Q system across major cloud platforms also supported top-line growth.

RGTI’s Margin TrendIn the quarter under review, RGTI’s gross profit improved 211.8% year over year to $1.4 million. The gross margin expanded 130 basis points to 31.3%.

Selling, general and administrative expenses increased 11.4% year over year to $7.4 million. Research and development expenses increased 29.1% year over year to $19.9 million. Total operating expenses of $27.3 million increased 23.8% year over year.

Operating loss for the quarter under review totaled $25.9 million compared with $21.6 million in the prior-year quarter.

RGTI’s Financial PositionRGTI exited the first quarter of 2026 with cash, cash equivalents and short-term available-for-sale investments of $418.2 million compared with $443.5 million at the end of the fourth quarter of 2025.

The company ended the quarter with no debts on its balance sheet.

Net cash used in operating activities at the end of the first quarter was $16.2 million compared with $13.7 million a year ago.

How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.

The consensus estimate has shifted -37.5% due to these changes.

VGM ScoresCurrently, Rigetti Computing has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. However, the stock was allocated a score of F on the value side, putting it in the lowest quintile for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Rigetti Computing has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry PlayerRigetti Computing belongs to the Zacks Internet - Software industry. Another stock from the same industry, Nice (NICE - Free Report) , has gained 2.2% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

Nice reported revenues of $768.62 million in the last reported quarter, representing a year-over-year change of +9.8%. EPS of $2.64 for the same period compares with $2.87 a year ago.

Nice is expected to post earnings of $2.63 per share for the current quarter, representing a year-over-year change of -12.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Nice. Also, the stock has a VGM Score of C.

QBTS stock is moving. See the chart and price action here.  The deal, part of a broader $2 billion quantum computing initiative covering nine companies, drew an explicit endorsement from Secretary of Commerce Howard Lutnick, who called the investments a bid to lead “the world into a new era of American innovation.” 

The government’s minority, non-controlling stake structure mirrors deals the Trump administration has struck across rare earths, semiconductors and energy — a widening industrial policy playbook now extended to quantum.

The 2032 RoadmapThe federal validation sets the stage for what D-Wave unveiled Monday: a new gate-model roadmap targeting 100 logical qubits capable of executing more than one million operations by 2032 — enough to support early quantum chemistry and quantum AI applications. 

The roadmap is built on D-Wave’s superconducting dual-rail qubit architecture, which detects approximately 90% of errors at the single-qubit level as they occur, dramatically reducing the physical qubit overhead required for error correction. 

The company has already demonstrated 99.9% two-qubit fidelities with error detection. Key milestones run from a 17-physical-qubit system in 2026 with 2x logical error reduction, through a 181-qubit system in 2028 targeting a 2,000-fold error reduction, to the full fault-tolerant system by 2032. 

D-Wave is also targeting a Lambda value of 10 — five times the industry norm — meaning each increment of error correction reduces errors by a factor of 10, not 2. 

“Our superconducting dual-rail architecture is a fundamentally different approach to fault-tolerant quantum computing that we expect will position D-Wave not only to compete, but also to redefine how quickly the technology becomes commercial," CEO Dr. Alan Baratz said. 

QBTS Stock Price Activity: D-Wave Quantum stock was up 1.96% at $30.73 at the time of publication on Monday, according to Benzinga Pro.

Over the past month, QBTS has gained about 41.2% versus a 4.9% rise in the S&P 500 and is up roughly 17% year-to-date compared to the index’s 10.2% gain.

Photo courtesy of D-Wave Quantum, Inc.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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May 2026 was a big month for D-Wave Quantum Inc. NYSE: QBTS in terms of major funding support.

D-Wave Quantum Today

$23.84 +0.59 (+2.55%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$12.75▼

$46.75Price Target$36.40

Just days after the announcement of a $2 billion funding injection for the quantum computing industry from the U.S. Department of Commerce, including plans for $100 million to go toward D-Wave's continued development of its two-pronged technological approach, the company revealed another bit of support from the government.

D-Wave announced second-year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project of NORDTECH.

Get D-Wave Quantum alerts:

The exact funding amount was not specified, but the company's program is one of four sharing collective support of more than $25 million in its efforts toward advancing superconducting qubit fabrication and system scaling.

Government Awards Stack Up as D-Wave Redoubles Technological EffortsBoth the Commerce Department award and NORDTECH's support are dedicated to D-Wave's continued technological advances. In both cases, the projects have fairly broad applications: the $100-million award aims generally for continued development of D-Wave's gate-model and annealing technologies, as the company continues to distinguish itself from peers for its dual approach.

The NORDTECH award is part of an effort to speed up domestic microelectronics prototyping while boosting domestic dominance in quantum computing tech. While NORDTECH is part of an initiative executed by the Naval Surface Warfare Center Crane Division, the project in question has implications well beyond national security. Indeed, if D-Wave is able to help to advance progress on packaging and testing for gate-model quantum systems through this project, it will undoubtedly have major commercial benefits as well.

Award Speaks to D-Wave's Savvy Acquisition HistoryThough D-Wave is technically the recipient of NORDTECH's award, in actuality, the project in question involves D-Wave subsidiary Quantum Circuits, a company that D-Wave acquired at the beginning of 2026. Investors may see the news of this latest bit of funding support as further evidence of D-Wave's foresight in targeting Quantum Circuits as an acquisition in recent quarters.

Prior to the Quantum Circuits purchase, D-Wave distinguished itself from rivals in the quantum space by focusing on annealing tech primarily. While this set D-Wave apart, it led some analysts and investors to grow concerned about potential limitations of that technology relative to the more prominent gate-model approach commonly favored by rivals like IonQ Inc. NYSE: IONQ. In purchasing Quantum Circuits, D-Wave not only boosted its technical expertise, but it also moved beyond a singular approach to become a dual-focus company. NORDTECH's award helps confirm that Quantum Circuits' efforts on the gate-model side remain a worthwhile path for D-Wave to explore.

Adding to D-Wave's Cash PileD-Wave is known in the quantum space for its sizable cash holdings—the company reported more than $588 million in cash and equivalents as of the end of Q1 2026, and that's after completing its purchase of Quantum Circuits earlier in the same quarter. A portion of the $25 million award from NORDTECH is relatively modest compared to that cash pile, but it nonetheless helps the company to continue to build its reserves.

The question now for investors is what D-Wave might do with that money, and when it might choose to deploy it. The firm is well-positioned to institute a share buyback plan if it wishes (and this might be welcome news for investors, given concerns about dilution). It could also initiate additional acquisitions, although with its twin technological approach in operation, it's not immediately clear what type of firm D-Wave might target in that case.

Ultimately, adding to D-Wave's cash simply means that the company has more flexibility, which is always a positive. This is especially crucial for a firm that has continued to face impediments toward achieving profitability.

Trade-Offs From the Award Are FewIt is unclear from the award if D-Wave will give up any equity as part of the award from NORDTECH, although it will issue common stock to the government as part of the Commerce Dept award. This means that the process will be dilutive for investors and may lead to additional influence on the company from the federal government.

Additionally, awards like those provided by NORDTECH are often dependent upon the achievement of certain technical milestones. This means that D-Wave may be subject to review if those goals are not reached—and it may also direct D-Wave's R&D efforts away from other potential pathways. Still, the goal of packaging and scaling for superconducting qubits is fundamental to so much of what the quantum computing industry is aiming to achieve that this seems unlikely to interfere with other goals the company may have.

Should You Invest $1,000 in D-Wave Quantum Right Now?Before you consider D-Wave Quantum, you'll want to hear this.

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Quantum stocks are back, it seems, and D-Wave Quantum (QBTS +2.58%) is no exception. Shares of the quantum "pure play" are up 109% in the last two months.

A broader market rally has helped --  the S&P 500 is up 15.6% in the last month, the Nasdaq Composite is up 23.8% -- but some key catalysts have renewed investor faith in the sector.

First, Nvidia announced Ising, a new family of open-source AI models designed to accelerate quantum computing research. And the U.S. Department of Commerce announced a new $2 billion quantum investment program. D-Wave will receive $100 million in federal funding.

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The stock is now sitting just shy of $30. Is now the time to buy? The catalysts are encouraging, certainly, but they don't fundamentally change the picture in my eyes.

At present, D-Wave's financials aren't great to say the least: $12.5 million in sales over the last 12 months and a more than $100 million normalized loss during the same period.

Image source: Getty Images.

Despite this, the company's market cap is now north of $11 billion. There is a massive amount of faith baked into the stock price. That can work if D-Wave makes some serious leaps forward soon in the development of its technology, but it's likely real commercial quantum is many years -- maybe decades -- away.

If, in that time, there is a major market correction, investors will flee speculative stocks like D-Wave, and its share price will plummet. I think there will be serious buying opportunities in the future, and I would avoid D-Wave right now.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

D-Wave Quantum Inc. (QBTS) Analyst/Investor Day Transcript