NYSEConsumer DiscretionaryScientific & Technical InstrumentsSnapshot 2026-07-08
Reading GRMN? This analysis is rebuilt every market day. Get it tracked free. No credit card.
Track GRMN free→Garmin grows revenue about 11% a year to nearly $7.9 billion in 2026. Profit margins stay strong near 58.5%. Earnings per share rise above $9.35 in 2026. The company keeps paying a healthy dividend of $4.20 per share.
Revenue growth slows below 7% and margins shrink below 55%. Earnings per share fall short of $8.15. Rising costs or weaker demand hurt profits and cash flow.
The market prices in about 11% revenue growth and expects earnings growth near 15% over three years. Our fair value is about 30% below the current price, reflecting more cautious assumptions than the Street.
Breaks if: Dividend cut or payout below $4.00 per share
Breaks if: EPS falls below $8.15 per share in FY26
Breaks if: Gross margin falls below 56% in FY26
Garmin aims to maintain a gross margin of 58.5% for the fiscal year 2026.
Stated in 3 of last 3 quarters. Gross margin expanded to 59.4% in 2026-Q1, exceeding the 58.5% target. The trajectory is delivering above expectations.
Breaks if: Operating margin falls below 24% in FY26
Garmin aims to maintain a gross margin of 58.5% for the fiscal year 2026.
Stated in 3 of last 3 quarters. Gross margin expanded to 59.4% in 2026-Q1, exceeding the 58.5% target. The trajectory is delivering above expectations.
Breaks if: Revenue falls below $7.5 billion in FY26
Garmin aims to achieve approximately $7.9 billion in revenue for fiscal year 2026.
Stated in 3 of last 3 quarters. Revenue grew from $1.54 billion in 2025-Q1 to $1.75 billion in 2026-Q1. The trajectory is delivering towards the $7.9 billion target for 2026.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Gross margin expanded to 59.4%.”
“Gross margin of 59.2%.”
“Gross margin of 59.1%.”
“Gross margin expanded to 59.4%.”
“Gross margin of 59.2%.”
“Gross margin of 59.1%.”
“We are maintaining our fiscal year 2026 guidance of approximately $7.9 billion revenue.”
“We expect full-year 2026 revenue of $7.9 billion, an increase of 9% over 2025.”
“We anticipate revenue of approximately $7.10 billion.”
