Garmin (NYSE:GRMN) Updates FY 2026 Earnings Guidance

Garmin (NYSE:GRMN) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 10.000-10.000 for the period, compared to the consensus earnings per share estimate of 9.570. The company issued revenue guidance of $8.1 billion-$8.1 billion, compared to the consensus revenue estimate of $8.0 billion.

Garmin Trading Up 4.5%

Shares of NYSE GRMN opened at $253.45 on Wednesday. The stock has a market capitalization of $48.88 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90. The stock’s fifty day simple moving average is $239.62 and its two-hundred day simple moving average is $235.51. Garmin has a 12-month low of $186.67 and a 12-month high of $273.32.

Garmin (NYSE:GRMN) last released its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.30 by $0.51. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.93 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, equities analysts predict that Garmin will post 9.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GRMN has been the subject of several analyst reports. Wall Street Zen lowered shares of Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. Tigress Financial boosted their price objective on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 20th. Barclays decreased their target price on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $269.40.

Insider Transactions at Garmin

In related news, CFO Douglas G. Boessen sold 2,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $237.91, for a total value of $475,820.00. Following the completion of the transaction, the chief financial officer directly owned 26,049 shares of the company’s stock, valued at $6,197,317.59. This trade represents a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph J. Hartnett sold 643 shares of Garmin stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total transaction of $169,475.51. Following the completion of the sale, the director owned 21,277 shares of the company’s stock, valued at $5,607,978.89. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new stake in shares of Garmin during the fourth quarter worth $34,000. DV Equities LLC acquired a new position in shares of Garmin in the 4th quarter valued at $46,000. Itau Unibanco Holding S.A. increased its position in shares of Garmin by 23.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 283 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 53 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Garmin in the 4th quarter worth $62,000. Finally, State of Wyoming raised its stake in Garmin by 26.2% in the 4th quarter. State of Wyoming now owns 352 shares of the scientific and technical instruments company’s stock worth $71,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.