DailyIQ
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Sector:TechnologyAll sectors
Last updated 3 minutes ago

GRMN·Garmin Ltd.

$.
+. (+.%)
Pre-Market
High
$252.00
Open
$252.00
Market Cap
48.13B
52W High
$273.32
Low
$252.00
P. Close
$249.56
P/E
27.72
52W Low
$186.67
Fwd P/E
24.17
DailyIQ Est.
$265.03
Technical Score (1D)
82
BUY
News Sentiment
50
MIXED
Garmin has just introduced the G2000 PRIME integrated flight deck for high‑performance Class I/II piston and electric aircraft, extending its G3000 PRIME technology to a new market segment. The all‑touchscreen system adds advanced connectivity and turbine‑class avionics, positioning Garmin to capture growing demand from electric and high‑performance general‑aviation operators. This product launch expands Garmin’s aviation portfolio and could boost revenue in the next 1–10 trading days as early orders and OEM interest materialize. The move follows the earlier AXIS flight‑display family launch, which broadened Garmin’s cockpit hardware reach across certified, experimental, and LSA aircraft, indicating a sustained push into high‑margin avionics. Argus Research’s recent target‑price adjustments—first a downgrade to $266 amid earnings‑growth concerns, then a later upgrade to $274 after stronger guidance—highlight analyst sensitivity to Garmin’s revenue trajectory and margin outlook. The company’s Q2 earnings release, expected later this month, will be a key watch item, as guidance on revenue growth and new product adoption will confirm whether the recent launches translate into tangible financial impact. Investors should monitor certification approvals and OEM partnership announcements for the G2000 PRIME, as early uptake will signal Garmin’s competitive strength and potential upside. Additionally, the LiveScope 2 sonar upgrades, offering higher resolution and simplified installation, reinforce Garmin’s marine electronics leadership and may provide a secondary revenue stream that could influence the earnings narrative. In the short term, the combination of new aviation hardware, analyst target‑price swings, and upcoming earnings will shape market sentiment, so watch for any updates on sales traction, OEM commitments, and guidance revisions.
Earnings Summary
Garmin Ltd. is a global technology company that designs, develops, and distributes wireless devices for consumer and professional markets, offering fitness trackers, smartwatches, navigation systems, avionics, marine electronics, and automotive solutions; it operates within the technology sector and the scientific & technical instruments industry. In the most recent quarters, Garmin beat earnings estimates in five of the last six reporting periods: Q4 2024 EPS of $2.41 surpassed the $2.02 estimate while revenue hit $1.82 billion; Q1 2025 EPS of $1.61 fell short of the $1.68 estimate with revenue of $1.54 billion; Q2 2025 EPS of $2.17 beat the $1.90 estimate and revenue rose to $1.81 billion; Q3 2025 EPS matched the $1.99 estimate with revenue of $1.77 billion; Q4 2025 EPS of $2.79 exceeded the $2.39 estimate and revenue climbed to $2.12 billion; and Q1 2026 EPS of $2.08 outpaced the $1.84 estimate with revenue of $1.75 billion, indicating a pattern of earnings resilience amid revenue volatility that has trended upward overall. Historically, Garmin has maintained a 15‑year CAGR of 14.26%, outpacing the broader market, and has consistently delivered earnings that beat or matched analyst expectations, even when revenue dips, underscoring a robust operating model that can absorb short‑term market swings. Recent news highlights a sell recommendation driven by concerns that Garmin’s valuation may not align with its growth trajectory, citing U.S. sales weakness, tariff and cost pressures that could erode margins, and competitive activity in the GPS and wearable space; the company’s upcoming Q2 2026 earnings call is expected to address product updates, cost‑control initiatives, and guidance that may influence investor sentiment. Investors should watch for the Q2 2026 results, particularly U.S. sales trends, tariff policy changes, and any new product launches, as these factors will be key to assessing whether Garmin can sustain its earnings momentum and manage margin compression in the near term.

EPS

EstBeatMiss
$1.43$1.82$2.20$2.58$2.97Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.29 - -
Q1'26$1.84$2.08+13.1%
Q4'25$2.39$2.79+16.6%
Q3'25$1.99$1.99+0.0%
Q2'25$1.90$2.17+14.4%
Q1'25$1.68$1.61-4.0%

Revenue

EstBeatMiss
$1.4B$1.6B$1.8B$2.0B$2.2BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.9B - -
Q1'26$1.7B$1.8B+2.4%
Q4'25$2.0B$2.1B+5.8%
Q3'25 - $1.8B -
Q2'25 - $1.8B -
Q1'25 - $1.5B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

GRMN Stock Snapshot

GRMN is currently trading at $252.00, giving Garmin Ltd. a market cap of 48.13B and a P/E ratio of 27.7. Today's range spans $252.00–$252.00, with shares opening at $252.00 and moving up $2.44 (1.0%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 50/100.

Over the past year GRMN has traded between $186.67 and $273.32 - the current price is +35.0% off the 52-week low and -7.8% from the high. 17 analysts cover the stock with a Hold consensus and a mean 12-month target of $262.43 (range $220.00–$325.00), implying upside of +4.1%.

GRMN is showing the kind of bullish setup that active managers add to on dips - 82/100 (BUY), neutral sentiment at 50/100, 48.13B market cap in Technology, price $252.00 (in the upper portion of its 52-week range). The current P/E ratio stands at 27.7. At this cap tier, the combination of technical confirmation and positive sentiment is what separates speculative bullish positions from high-conviction ones. Annual range: $186.67–$273.32. The setup is in the latter category.

The combination of a BUY signal (82/100) and neutral news sentiment (50/100) puts GRMN on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 48.13B in Technology market cap without immediately moving the stock. At $252.00 (in the upper portion of its 52-week range in the $186.67–$273.32 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.