Garmin stock
GRMNNYSEGarmin Ltd., TechnologyISIN CH0114405324
81Score 81 out of 100, Strong
Price and trend
83 / 100
Price history
+44% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 11% above it.
Since March 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 46).
The price is 8.6% below its 52-week high. Largest decline in 20 years: 88% (October 2007 to February 2009).
Chart figures for advanced users
- SMA 50$282.43
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$257.37
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)46
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$187.10
- The lowest closing price of the last twelve months.
- Resistance$313.16
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Garmin Ltd. belongs to the Electronic Components industry (Switzerland) and, with a market value of $55.15B, is number 8 of 119 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $7.25B (up 15.1% year on year) and earnings of $1.66B (up 17.9%).
- For fiscal 2026, analysts expect on average revenue of $8.14B (up 12.4%) and adjusted earnings per share of $10.74 (up 25.5%).
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- MEQIRI Score 81 out of 100 (Strong): rank 22 of 854 in Technology, median 61.
- The P/E is 27.5 (Electronic Components median 28.5, own median of recent years 19.3).
- Our model puts fair value at $248.42, with the price 15% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- More cash than debtCash $2.34B, financial debt $173.49M.Stability 90
- High return on capitalReturn on invested capital 26% in fiscal 2025, Electronic Components median 7.5%.Profitability 93
- High marginNet margin 25.6% over the last 12 months, Electronic Components median 6.4%.Profitability 93
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are profitability and stability, while valuation holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 82 to 81.
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- solid fundamentals
- price near its 52-week high
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $191.09 and expensive above $354.88 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $199.79 (cash-flow model) and $297.05 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.2%. At 10.2% the fair value would be $232.33, at 8.2% it would be $271.91.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (28.5).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 26 Sep 2026, revenue rose 13.6% on the twelve months before. Revenue has grown solidly since 2006, at about 8% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 59%, operating 26%, net 23%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 96 days
- Last reported
- 28 Oct 2026EPS reported $2.76 (expected $2.41)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 5.6% since 15 Oct 2026.
- Earnings per share
- $10.74+5.6%
- Revenue
- $8.14B+0.4%
- Earnings per share
- $11.49+2.8%
- Revenue
- $9.15B+0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −3.2%Garmin raised its full year outlook: revenue now about $8.15 billion versus prior guidance of $8.05 billion, gross margin about 61% versus 130 basis points lower before, operating margin about 29% versus lower before, and pro forma EPS guidance rises to $10.80 from $10.00.
“The result of year to date performance we have increased our gross margin to approximately 61% which is 130 basis points higher than our previous guidance and is 32 basis points higher than a full year 2025 gross margin.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 6 insiders sold, $5.61M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Wang Cheng-WeiSale
18 Aug 2026, General Manager - Garmin Corp.
- Shares
- 9,941
- Price
- $299.36
- Value
- $2.98M
- Biddlecombe SeanSale
31 Jul 2026, Managing Director, EMEA
- Shares
- 986
- Price
- $292.88
- Value
- $288,779
- Maxfield Joshua HSale
31 Jul 2026, VP, General Counsel
- Shares
- 1,152
- Price
- $291.13
- Value
- $335,385
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- Pemble Clifton ASale
29 Jul 2026, President and CEO
- Shares
- 4,029
- Price
- $300.00
- Value
- $1.21M
- Hartnett Joseph JSale
9 Jun 2026, Board
- Shares
- 643
- Price
- $236.09
- Value
- $151,806
- Hartnett Joseph JSale
9 Jun 2026, Board
- Shares
- 643
- Price
- $263.57
- Value
- $169,476
- Boessen Douglas G.Sale
5 Jun 2026, CFO and Treasurer
- Shares
- 2,000
- Price
- $237.91
- Value
- $475,812
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Garmin
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 81
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Electronic Components
The next larger and next smaller companies by market value
- Hon Hai Precision Industry2317.TW $102.83B60
- Delta Electronics2308.TW $98.05B71
- Murata Manufacturing6981.T $59.55B64
- Luxshare Precision Industry002475.SZ $56B57
- Keysight TechnologiesKEYS $51.79B70
- Samsung Electro-Mechanics009150.KS $48.28B59
- CoherentCOHR $45.71B51
- Elite Material2383.TW $44.78B70
ETFs that hold Garmin
Held by 114 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Automation & Robotics UCITS ETF2B76 | 2.95% | 0.40% | €4.62B |
| Franklin Global Quality Dividend UCITS ETFFLXX | 2.31% | 0.30% | €141.87M |
| Amundi MSCI Robotics & AI UCITS ETF AccGOAI | 1.01% | 0.40% | €1.17B |
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| iShares S&P 500 Consumer Discretionary Sector UCITS ETFQDVK | 0.99% | 0.15% | €728.88M |
| Xtrackers MSCI USA Consumer Discretionary UCITS ETF 1DXUCD | 0.97% | 0.12% | €151.44M |
| State Street SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF (Acc)ZPDD | 0.95% | 0.15% | €124.21M |
| Fidelity US Quality Income UCITS ETF EUR Hedged AccFUSU | 0.90% | 0.30% | €2.1B |
| iShares Edge MSCI USA Quality Factor UCITS ETFQDVB | 0.89% | 0.20% | €1.91B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 27 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Jan 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.