Garmin (GRMN) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Garmin is expected to report Q3 2026 results before Wednesday’s market open, with analysts forecasting earnings of $2.41 per share on $1.99 billion in revenue.
• The company exceeded estimates in the prior quarter, posting $2.81 EPS and $2.02 billion in revenue, up 11.4% year over year. Analysts expect full-year EPS of $10.08.
• Garmin has a “Moderate Buy” consensus rating and an average price target of $313.71, compared with a recent share price of $290.72; however, recent insider and ETF selling may create near-term pressure.

Garmin (NYSE:GRMN - Get Free Report) is expected to be issuing its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Garmin to post earnings of $2.41 per share and revenue of $1.99 billion for the quarter. Parties can check the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 10:30 AM ET.

Garmin (NYSE:GRMN - Get Free Report) last posted its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts expect Garmin to post $10.08 EPS for the current fiscal year and $10.70 EPS for the next fiscal year.

Garmin Price Performance

NYSE GRMN opened at $290.72 on Wednesday. The firm has a market cap of $56.07 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 3.20 and a beta of 0.82. The stock's 50-day moving average is $284.91 and its two-hundred day moving average is $262.21. Garmin has a fifty-two week low of $186.67 and a fifty-two week high of $314.28.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GRMN shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a research report on Friday, September 4th. UBS Group set a $370.00 price objective on Garmin in a research note on Thursday, August 6th. Barclays increased their target price on Garmin from $238.00 to $297.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Garmin in a report on Thursday, August 6th. Finally, Zacks Research downgraded Garmin from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Garmin presently has an average rating of "Moderate Buy" and an average price target of $313.71.

Garmin News Summary

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Market outperformance: Garmin closed higher than the prior session and outperformed the broader stock market, reflecting continued investor interest in the company’s growth and profitability. Garmin Laps the Stock Market: Here’s Why
• Positive Sentiment: Expanded cycling lineup: Garmin introduced the premium Edge 1060 cycling computer with hands-free voice controls, along with Edge Explore 3 and Edge Explore 3 Plus computers. The launches broaden Garmin’s cycling ecosystem with navigation, ride data, alerts, messaging and safety features. Garmin Edge 1060 Announcement Garmin Edge Explore 3 Announcement
• Positive Sentiment: New indoor-training product: The Tacx Nēra smart trainer adds multidirectional movement and performance accuracy within 1%, potentially supporting Garmin’s connected-fitness strategy and recurring engagement with cyclists. Garmin Tacx Nēra Announcement
• Neutral Sentiment: Analyst outlook: Zacks Research projected quarterly EPS of $2.73 and maintained a “Hold” rating. The estimate is broadly consistent with the current full-year consensus of $10.08 per share, offering no major change to expectations.
• Negative Sentiment: ETF selling: Exchange-traded funds were net sellers of Garmin shares on October 16, creating some technical pressure and potentially limiting near-term momentum. ETFs Are Net Sellers of Garmin

Insider Buying and Selling

In related news, insider Cheng-Wei Wang sold 9,941 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $299.36, for a total transaction of $2,975,937.76. Following the completion of the transaction, the insider owned 29,506 shares in the company, valued at $8,832,916.16. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clifton A. Pemble sold 4,029 shares of Garmin stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $300.00, for a total value of $1,208,700.00. Following the transaction, the chief executive officer directly owned 120,127 shares of the company's stock, valued at approximately $36,038,100. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,108 shares of company stock valued at $4,808,799. 14.80% of the stock is currently owned by corporate insiders.

Garmin Company Profile

Garmin Ltd. NYSE: GRMN designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.

The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.

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