Want to see GRMN full AI Analyst Report?
GRMN Stock Chart & Stats
$289.02
-$1.78(-0.73%)
At close: 4:00 PM EDT
$289.02
-$1.78(-0.73%)
Day’s Range― - ―
52-Week Range$186.67 - $314.28
Previous CloseN/A
Volume270.30K
Average Volume (3M)845.03K
Market Cap
$55.80B
Enterprise Value$42.50B
Total Cash (Recent Filing)$2.34B
Total Debt (Recent Filing)$173.49M
Price to Earnings (P/E)29.6
Beta1.04
Next Earnings
Feb 24, 2027EPS Estimate
2.97Next Dividend Ex-DateN/A
Dividend Yield1.35%
Share Statistics
EPS (TTM)10.47
Shares Outstanding192,852,540
10 Day Avg. Volume846,682
30 Day Avg. Volume845,027
Financial Highlights & Ratios
PEG Ratio1.34
Price to Book (P/B)4.41
Price to Sales (P/S)5.46
P/FCF Ratio29.02
Enterprise Value/Market Cap0.76
Enterprise Value/Revenue5.39
Enterprise Value/Gross Profit8.82
Enterprise Value/Ebitda16.90
Forecast
1Y Price Target
$317.20Price Target Upside9.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)10.19
Revenue Forecast (FY)$8.11B
Bulls Say, Bears Say
Bulls Say
Diversified Segment GrowthGrowth across several distinct businesses reduces reliance on any single product category and demonstrates broad customer demand. Strong results in Fitness, Outdoor and Marine, supported by new products, provide a durable base for continued expansion over the next several quarters.
High Profitability And Cash GenerationGarmin combines unusually strong hardware margins with substantial operating and free cash flow, giving it capacity to fund product development, manufacturing expansion and shareholder returns. This cash-generative model supports resilience and strategic flexibility without relying heavily on debt.
Recurring Connected EcosystemStrong adoption and renewal behavior for Connect Plus adds a recurring service layer to Garmin's installed hardware base. Over time, expanding digital functionality can deepen customer engagement, improve monetization per user, and make the broader product ecosystem more durable.
Bears Say
Memory Cost PressureHigher memory and component costs can pressure Garmin's otherwise strong gross margins, particularly as lower-cost safety stock is replaced by more expensive purchases. If elevated costs persist, the company may need pricing or mix improvements simply to preserve historical profitability.
Inventory And Cash Flow DragBuilding inventory and prepaying for components ties up cash and reduces near-term conversion of earnings into free cash flow. Although the spending supports supply availability, sustained working-capital intensity could constrain capital allocation and lower financial efficiency.
Auto OEM WeaknessThe Auto OEM segment is currently shrinking and operating below breakeven, creating a persistent drag on consolidated growth and profitability. Continued revenue declines could offset gains in Garmin's stronger businesses until new programs, including Mercedes-Benz, begin contributing at scale.
Garmin News
GRMN FAQ
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $186.67 and its highest was $314.28 in the past 12 months.
What is Garmin’s market cap?
Garmin’s market cap is $55.80B.
When is Garmin’s upcoming earnings report date?
Garmin’s upcoming earnings report date is Feb 24, 2027 which is in 118 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on Oct 28, 2026. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.414 by $0.346.
Is Garmin overvalued?
According to Wall Street analysts Garmin’s price is currently Undervalued.
Does Garmin pay dividends?
Garmin pays a Quarterly dividend of $1.05 which represents an annual dividend yield of 1.35%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is 2.97.
How many shares outstanding does Garmin have?
Garmin has 192,852,540 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $2.76 in its last earnings report, beating expectations of $2.414. Following the earnings report the stock price went up 16.235%.
Which hedge fund is a major shareholder of Garmin?
Currently, no hedge funds are holding shares in GRMN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Garmin Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$317.20 (9.75% Upside)
$317.20 (9.75% Upside)
Blogger Sentiment
Bullish
GRMN Sentiment 73%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 8.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $288.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.98%
12-Months-Change
Fundamentals
Return on Equity
21.00%
Trailing 12-Months
Asset Growth
10.65%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Garmin
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
GRMN Company Deck
GRMN Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call was strongly positive, characterized by record third-quarter results, double-digit growth in the fitness, outdoor, and marine segments, expanded profitability, raised full-year revenue and EPS guidance, strong product demand, and multiple aviation milestones. The main challenges were higher memory and component costs, elevated inventory and lower free cash flow, declining Auto OEM revenue, difficult China market conditions, and a softer marine market. Overall, the highlights significantly outweighed the lowlights.View all GRMN earnings summariesGRMN Net sales Breakdown
32.53% Fitness
28.35% Outdoor
13.62% Aviation
16.32% Marine
9.17% Auto OEM
GRMN Stock 12 Month Forecast
Average Price Target
$317.20
▲(9.75% Upside)
Technical Analysis
Ownership Overview
12.00% Insiders
17.00% Mutual Funds
1.56% Other Institutional Investors
45.37% Public Companies and
Individual Investors