Garmin (GRMN) Expected to Announce Earnings on Wednesday

Garmin (NYSE:GRMN) is projected to issue its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Garmin to post earnings of $2.27 per share and revenue of $1.9259 billion for the quarter. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Parties may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 10:30 AM ET.

Garmin (NYSE:GRMN) last posted its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.84 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. On average, analysts expect Garmin to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Garmin Stock Down 3.5%

NYSE:GRMN opened at $236.31 on Wednesday. Garmin has a 52 week low of $186.67 and a 52 week high of $273.32. The company has a fifty day simple moving average of $238.21 and a two-hundred day simple moving average of $234.17. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.89 and a beta of 0.90.

Insider Activity at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 2,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $237.91, for a total value of $475,820.00. Following the completion of the sale, the chief financial officer owned 26,049 shares of the company’s stock, valued at approximately $6,197,317.59. This trade represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were 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 position. The disclosure for this sale is available in the SEC filing. 14.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GRMN shares. JPMorgan Chase & Co. increased their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Morgan Stanley set a $249.00 price objective on Garmin in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. Wall Street Zen lowered Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Barclays decreased their target price on Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Garmin currently has a consensus rating of “Moderate Buy” and an average price target of $269.40.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Garmin launched CIRQA Smart Band, its first screenless smart band, adding a new wearable product with 24/7 health tracking and no required subscription. Meet CIRQA Smart Band: The screen-free health and fitness tracker from Garmin
• Positive Sentiment: Garmin also introduced the Approach Z10 laser rangefinder, reinforcing its product momentum across golf and outdoor categories. Take the guesswork out of the game with Approach Z10, a compact laser rangefinder from Garmin
• Neutral Sentiment: Several coverage pieces highlighted the new CIRQA launch and described Garmin as a growing rival to subscription-based wearables, but these were largely recap articles rather than new fundamental updates. Garmin Unveils $200 Screenless Tracker as $10 Billion Whoop Faces New Rival
• Neutral Sentiment: Analyst coverage noted a consensus price target around $269.40, which may support sentiment, though it does not change the near-term operating outlook on its own. Garmin Ltd. (NYSE:GRMN) Receives $269.40 Average Price Target from Analysts
• Negative Sentiment: Garmin had already been under some pressure recently, with prior coverage noting it fell more than the broader market in the latest session, suggesting sentiment can still be volatile despite the product news. Here’s Why Garmin (GRMN) Fell More Than Broader Market

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.