Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine... Show more
Garmin shares have traded in a choppy range in recent weeks. After closing at $294.05 on September 28, 2026, the stock drifted lower through mid-October, and the third-quarter earnings report on October 28 added further pressure, with shares trading near $266 in the latest session. That leaves GRMN down roughly 9.5% over the trailing 30 days, even as the stock remains higher by more than 40% year to date and sits well above its 52-week low of $186.67. Garmin's 52-week high stands at $314.28, and the company carries a market capitalization of about $55.8 billion with a beta of roughly 0.83, indicating historically lower volatility than the broader market. The stock pays an annual dividend of $4.20 per share, a yield near 1.45% at recent prices.
Garmin Ltd. designs, manufactures, and markets GPS-enabled navigation, communication, and sensor-based products across five reporting segments: fitness, outdoor, aviation, marine, and auto OEM. Its portfolio spans smartwatches and cycling computers, adventure and luxury watches, marine chartplotters, and avionics systems such as the Autoland autonomous-landing technology. The company is incorporated in Switzerland with operational headquarters in Olathe, Kansas, and generates a growing share of revenue from subscriptions and services tied to its devices. Garmin's vertically integrated model, brand loyalty across enthusiast communities, and diversification across consumer and specialized markets are key competitive strengths. Investors follow the stock for its history of consistent revenue growth, strong margins, and a cash-rich balance sheet with minimal leverage.
Garmin's third-quarter 2026 report, released on October 28, drove the latest price action. Revenue rose 12% to $1.99 billion and adjusted EPS of $2.76 beat consensus, with fitness (+16%) and outdoor (+20%) leading growth and marine (+16%) and aviation (+5%) also advancing. Gross margin expanded to 63.3% and operating income hit a record $612 million. However, management noted that higher memory costs are likely to become a more significant headwind in the fourth quarter and into 2027, which may bring gross margin back toward historical levels. Free cash flow of $293 million also declined sequentially because of inventory build and prepayments for components. Separately, over the past month Garmin introduced the third-generation MARQ luxury watch collection, the Edge 1060 cycling computer, the Edge Explore 3, and the Tacx Nēra indoor smart trainer, and said more than 2,500 aircraft are now equipped with Autoland. Arete Research initiated coverage with a Buy rating and a $335 price target in mid-October.
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Looking ahead, Garmin raised its full-year 2026 outlook to about $8.15 billion in revenue and $10.80 in adjusted EPS, implying continued growth into the holiday shopping season, a critical period for its fitness and outdoor wearables. Key factors investors are watching include the trajectory of gross margin as memory costs rise, the pace of auto OEM declines, demand for recently launched products, and adoption of aviation retrofit and Autoland systems. Macroeconomic considerations, including consumer discretionary spending, tariffs, and foreign exchange, also remain relevant. Analysts polled by S&P Global maintain a consensus Buy rating with an average price target of $306.71, though individual targets range widely, reflecting uncertainty about how long premium margins can be sustained.
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GRMN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 29 of 39 cases where GRMN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 74%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GRMN's RSI Indicator exited the oversold zone, 17 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 54 cases where GRMN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 72%.
The Moving Average Convergence Divergence (MACD) for GRMN just turned positive on November 06, 2026. Looking at past instances where GRMN's MACD turned positive, the stock continued to rise in 31 of 47 cases over the following month. The odds of a continued upward trend are 66%.
GRMN moved above its 50-day moving average on November 04, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where GRMN advanced for three days, in 215 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.
The Aroon Indicator entered an Uptrend today. In 181 of 261 cases where GRMN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 69%.
The Momentum Indicator moved below the 0 level on October 28, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GRMN as a result. In 47 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 52%.
The 10-day moving average for GRMN crossed bearishly below the 50-day moving average on November 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 47%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GRMN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 26 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 43 (best 1 - 100 worst), indicating steady price growth. GRMN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 44 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.100) is normal, around the industry mean (1.406). P/E Ratio (29.289) is within average values for comparable stocks, (4.909). Projected Growth (PEG Ratio) (3.126) is also within normal values, averaging (5.470). Dividend Yield (0.015) settles around the average of (0.012) among similar stocks. P/S Ratio (6.988) is also within normal values, averaging (32.028).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of navigation and communications equipments
Industry ElectronicEquipmentInstruments