Garmin (GRMN) Expected to Post Earnings on Wednesday

Garmin (NYSE:GRMN) is expected to be posting its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Garmin to announce earnings of $2.41 per share and revenue of $1.99 billion for the quarter. Investors may review the information on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 10:30 AM ET.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.51. Garmin had a return on equity of 20.95% and a net margin of 24.47%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $2.17 earnings per share. Garmin’s quarterly revenue was up 11.4% on a year-over-year basis. 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 Trading Up 0.2%

Garmin stock opened at $294.19 on Monday. Garmin has a 12 month low of $186.67 and a 12 month high of $314.28. The stock’s 50 day simple moving average is $283.87 and its two-hundred day simple moving average is $263.36. The firm has a market cap of $56.73 billion, a PE ratio of 30.33, a P/E/G ratio of 3.28 and a beta of 0.82.

Analysts Set New Price Targets

GRMN has been the subject of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Garmin in a research note on Wednesday, September 2nd. Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. Weiss Ratings restated 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 shares of Garmin in a report on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective on shares of Garmin from $249.00 to $289.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $313.71.

Insiders Place Their Bets

In other news, VP Joshua H. Maxfield sold 1,152 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $291.13, for a total transaction of $335,381.76. Following the completion of the transaction, the vice president directly owned 15,042 shares of the company’s stock, valued at $4,379,177.46. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sean Biddlecombe sold 986 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $292.88, for a total value of $288,779.68. Following the transaction, the director owned 6,021 shares in the company, valued at $1,763,430.48. This trade represents a 14.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 16,108 shares of company stock worth $4,808,799. Company insiders own 14.80% of the company’s stock.

About Garmin

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.