FY2026 Earnings Forecast for Garmin Issued By Zacks Research

Garmin Ltd. (NYSE:GRMN) – Equities research analysts at Zacks Research boosted their FY2026 earnings per share estimates for Garmin in a research report issued on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will post earnings of $10.00 per share for the year, up from their prior forecast of $9.35. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Garmin’s current full-year earnings is $10.10 per share. Zacks Research also issued estimates for Garmin’s Q4 2026 earnings at $2.79 EPS, Q1 2027 earnings at $2.03 EPS, Q3 2027 earnings at $2.66 EPS, Q4 2027 earnings at $3.17 EPS, FY2027 earnings at $10.32 EPS, Q1 2028 earnings at $2.14 EPS and FY2028 earnings at $11.00 EPS.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $2.17 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. Wall Street Zen cut Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group set a $370.00 target price on Garmin in a report on Thursday, August 6th. Finally, Barclays boosted their price target on Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $310.17.

Garmin Stock Up 0.2%

GRMN stock opened at $310.39 on Thursday. The firm has a market cap of $59.86 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.45 and a beta of 0.87. The company’s fifty day simple moving average is $254.18 and its 200 day simple moving average is $242.83. Garmin has a 12-month low of $186.67 and a 12-month high of $314.28.

Insider Transactions at Garmin

In other Garmin news, VP Joshua H. Maxfield sold 1,152 shares of Garmin stock in a transaction on Friday, July 31st. The shares were sold at an average price of $291.13, for a total value of $335,381.76. Following the completion of the sale, the vice president directly owned 15,042 shares of the company’s stock, valued at approximately $4,379,177.46. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sean Biddlecombe sold 986 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $292.88, for a total transaction of $288,779.68. Following the transaction, the director owned 6,021 shares in the company, valued at $1,763,430.48. This represents a 14.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,810 shares of company stock valued at $2,478,157. 14.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRMN. Groupe la Francaise grew its stake in Garmin by 346.4% in the first quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 97 shares during the period. Reflection Asset Management bought a new position in shares of Garmin in the 4th quarter worth $32,000. Atlas Capital Advisors Inc. acquired a new stake in Garmin in the 4th quarter valued at $34,000. Archer Investment Corp acquired a new stake in Garmin in the 1st quarter valued at $37,000. Finally, Torren Management LLC bought a new stake in Garmin during the 4th quarter valued at $41,000. Institutional investors own 81.60% of the company’s stock.

About Garmin

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.