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/GRMN
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Garmin Ltd

Garmin Ltd

GRMN
$282.67USD↑+3.85%+10.47 today

MARKET CAP

54.5B

P/E (TTM)

31.5x

FWD P/E

—

DAY RANGE

$272 – $283

52W RANGE

$187
$314

AI Summary

Stalk
Sell NowMedium

GRMN has triggered a Bearish Pivot Point with the 9EMA crossing below the 50SMA and a failure of upside follow-through, marking a medium-term shift to structural repair. Short-term price remains below declining 9/20 EMAs after a shallow bounce off the 50SMA, reflecting loss of demand. Conditions now favor immediate bearish execution, so we recommend selling now into any rallies toward the 9EMA/20EMA overhead zone.

  • ↑Q4 revenue $2.1B (+17% YoY), fitness segment growth of 33%.
  • ↑Pro forma EPS of $8.56 highlights strong profitability.
  • ↓Memory cost inflation likely to compress H2 operating margins.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Garmin Limited (NASDAQ: GRMN) is a leading player in the GPS technology landscape, providing a wide range of products that encompass fitness devices, wearables, aviation solutions, marine products, and automotive systems. With a strong emphasis on innovation and diversification, Garmin is well-positioned to capture growing markets including health, wellness, and outdoor lifestyle, thereby benefiting from technological advances and increased consumer preference for connected devices.

Bull says

  • ↑Q4 revenue $2.1B (+17% YoY), fitness segment growth of 33%.
  • ↑Pro forma EPS of $8.56 highlights strong profitability.
  • ↑TrainingPeaks and Train Heroic acquisitions broaden service offerings.
  • ↑Annual dividend hiked 17% to $4.20/sh with active buybacks.
  • ↑Stock jumped 8.6% last week; Zacks upgraded to Strong Buy.
  • ↑Low leverage and robust growth momentum support upside.

Bear says

  • ↓Memory cost inflation likely to compress H2 operating margins.
  • ↓Auto OEM revenues to dip in 2026 as BMW program peaks.
  • ↓Negative earnings yield and weak revision trends risk valuation.
  • ↓Intense wearable competition could force pricing and margin cuts.
  • ↓High share-price volatility and adverse revisions heighten downside risk.
  • ↓Tariff pressures and supply-chain risks may erode profitability.

Investment themes with GRMN

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM
Quality↓ -0.56%

Companies with strong fundamentals and stability

NVDA · AAPL · MSFT
Space↓ -2.89%

PL · GSAT · VSAT

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-15-2026bullish

Transcript signals

Bull points

  • We posted revenue of $1,815,000,000 for the second quarter, representing a 20% increase year-over-year.
  • we achieved double digit growth in all five of our segments, led by the fitness segment with outstanding growth of 41%.
  • we achieved double-digit growth in all three of our regions, led by 25 percent growth in EMEA, followed by 19 percent growth in Americas, and 16 percent growth in APAC.

Bear points

  • we generated a free cash flow of $127 million, a $91 million decrease from the prior year quarter, primarily due to an increase in inventory.
  • We expect the new tax bill will result in a decrease in U.S. tax deductions and credits in 2025, primarily due to the change in capitalization requirements of certain R&D costs.
  • The marine market remains relatively soft, but you guys continue to deliver growth there. The market has faced a lot more uncertainty as people try to process, especially boat builders, the issues of tariffs that affect them as well as consumer sentiment.
Read full transcript analysis ›