Research Analysts Issue Forecasts for Garmin FY2026 Earnings

Garmin Ltd. (NYSE:GRMN) – Research analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of Garmin in a report released on Wednesday, March 4th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will earn $9.35 per share for the year, up from their previous estimate of $8.35. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q4 2026 earnings at $2.90 EPS and Q4 2027 earnings at $3.23 EPS.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $2.41 EPS. Garmin’s quarterly revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS.

GRMN has been the topic of several other research reports. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their price target on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial raised their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, February 20th. Finally, Barclays set a $240.00 price objective on Garmin in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Garmin currently has an average rating of “Moderate Buy” and an average price target of $254.00.

Garmin Stock Performance

GRMN stock opened at $243.57 on Monday. The company has a market capitalization of $46.88 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. Garmin has a one year low of $169.26 and a one year high of $261.69. The company’s 50 day moving average price is $217.81 and its two-hundred day moving average price is $221.72.

Garmin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s payout ratio is presently 41.86%.

Insider Activity at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 3,487 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.66, for a total transaction of $877,538.42. Following the completion of the sale, the chief financial officer owned 28,049 shares of the company’s stock, valued at $7,058,811.34. This represents a 11.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Susan Lyman sold 3,805 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the sale, the vice president directly owned 7,471 shares in the company, valued at approximately $1,877,611.72. This trade represents a 33.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,319 shares of company stock worth $13,650,815 over the last ninety days. Insiders own 19.54% of the company’s stock.

Institutional Trading of Garmin

Several large investors have recently modified their holdings of GRMN. Mather Group LLC. raised its position in Garmin by 1.2% during the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock valued at $923,000 after purchasing an additional 44 shares during the last quarter. Smith Moore & CO. grew its position in shares of Garmin by 4.3% in the 2nd quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company’s stock worth $240,000 after buying an additional 47 shares during the last quarter. BSW Wealth Partners increased its stake in shares of Garmin by 2.9% during the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 48 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of Garmin by 0.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock valued at $1,382,000 after acquiring an additional 48 shares in the last quarter. Finally, SYM FINANCIAL Corp raised its holdings in shares of Garmin by 4.0% during the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 50 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $9.74 and lifted several quarterly estimates (including Q3 2026 and Q1/Q2 2026 upgrades), and published an optimistic FY2028 view of $11.02 — supporting a bullish medium‑term earnings story. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Positive Sentiment: Analysts and coverage pieces point to record Q4 results and new capital return plans (buybacks/dividends), which tends to support share appreciation as earnings and cash return expectations rise. Assessing Garmin (GRMN) Valuation After Record Q4 Results And New Capital Return Plans
• Neutral Sentiment: Garmin was named among top health & fitness stocks to own as wearables and wellness markets expand — a thematic positive but more long‑horizon in nature. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Neutral Sentiment: Valuation discussion pieces ask whether the recent run leaves Garmin fully priced — useful for entry/timing decisions but not immediate catalysts. Is It Too Late To Consider Garmin (GRMN) After A Strong Share Price Run?
• Negative Sentiment: Zacks trimmed several near‑term 2027 quarterly EPS estimates (Q1, Q2 and Q3 2027 cuts cited), which could pressure short‑term sentiment if guidance or demand softens. Zacks Research estimates revisions (multiple notes)
• Negative Sentiment: Market writeups noted a daily pullback where Garmin fell more than the broader market, signaling potential short‑term volatility and profit‑taking after the run. Here’s Why Garmin (GRMN) Fell More Than Broader Market
• Neutral Sentiment: Long‑term performance retrospectives highlight strong historical returns, but they are descriptive rather than immediate drivers. If You Invested $100 In Garmin Stock 15 Years Ago, You Would Have This Much Today

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.