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237.65 USD
P/E
26.83
EPS
8.58
Yield
1.51%
Safety Score
92
P/B
4.94
ROE
19.78
Beta
0.95
Target Price
260.25 USD
Garmin Ltd. logo

Garmin Ltd.

🧾 Earnings Recap – Q3 2025

Garmin Ltd. delivered robust third-quarter results with record consolidated revenue growth of 12%, reaching nearly $1.8 billion, and raised its full-year EPS guidance to $8.15.

  • Fitness segment revenue soared 30% to $601 million, driven by advanced wearable demand and new product launches.
  • Outdoor segment revenue experienced a 5% decline to $498 million due to product cycle challenges, while still maintaining strong long-term growth potential.
  • Aviation revenues increased 18% to $240 million, bolstered by strong OEM and aftermarket contributions, prompting a revenue growth estimate increase to 10% for the year.
  • Marine segment revenue rose 20% to $267 million, indicating broad demand across product categories.
  • Full-year revenue guidance raised to $7.1 billion, reflecting strong momentum entering the Q4 holiday season.
📅
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Key Metrics
Earnings dateApril 29, 2026
P/E26.83
EPS8.58
Book Value46.58
Price to Book4.94
Debt/Equity2.18
% Insiders14.898%
Growth
Revenue Growth0.17%
Earnings Growth0.21%
Estimates
Forward P/E22.63
Forward EPS10.17
Target Mean Price260.25
Dividend
Dividend Yield1.51%
Annual dividends3.60 USD
Ex-Div. DateMarch 12, 2027
Payout39.90%
5y avg Yield2.22%

DCF Valuation

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DCF Result

Fair Value (DCF)
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Upside
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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Garmin Ltd. Logo Garmin Ltd. Analysis (GRMN)

Switzerland Information Technology Official Website Stock

Is Garmin Ltd. a good investment? Garmin Ltd. (GRMN) is currently trading at 237.65 USD. Market analysts have a consensus price target of 260.25 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 26.83. This valuation is generally in line with the broader market.

Earnings Schedule: Garmin Ltd. is expected to release its next earnings report on April 29, 2026. The market consensus estimate for Forward EPS is 10.17.

For income investors, Garmin Ltd. pays a dividend yield of 1.51%. With a payout ratio of 40%, the dividend appears sustainable.

Investor FAQ

Does Garmin Ltd. pay a dividend?

Yes, it pays an annual dividend of 3.60 USD (1.51% yield).

What asset class is Garmin Ltd.?

Garmin Ltd. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be April 29, 2026. The company currently has a trailing EPS of 8.58.

Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Exchange Ticker
NMS (United States) GRMN
Dividend Yield

1.51% (5y avg: 2.22%)

Annual Dividends

3.60 USD

Next ex. div date

March 12, 2027

Payout Ratio

39.90%

Historical Dividends
Year Total Dividends
2027 1.05 USD
2026 4.05 USD
2025 3.45 USD
2024 2.98 USD
2023 2.92 USD
2022 2.86 USD
2021 2.62 USD
2020 2.40 USD
2019 2.24 USD
2018 2.10 USD
2017 2.04 USD
2016 2.04 USD
2015 2.01 USD
2014 1.89 USD
2013 1.80 USD
2012 1.75 USD
2011 1.60 USD
2010 1.50 USD
2009 0.75 USD
2008 0.75 USD
2007 0.75 USD
2006 0.50 USD
2005 0.50 USD
2004 0.50 USD
2003 0.50 USD

Yearly aggregated dividends

Dividends

Garmin Ltd.
Mar 26, 2027 Upcoming
Dividend
1.05 USD
Garmin Ltd.
Dec 24, 2026 Upcoming
Dividend
1.05 USD
Garmin Ltd.
Sep 25, 2026 Upcoming
Dividend
1.05 USD
Garmin Ltd.
Jun 26, 2026 Upcoming
Dividend
1.05 USD
Garmin Ltd.
Mar 27, 2026 Paid
Dividend
0.9 USD
Garmin Ltd.
Dec 26, 2025 Paid
Dividend
0.9 USD
Garmin Ltd.
Sep 26, 2025 Paid
Dividend
0.9 USD
Garmin Ltd.
Jun 27, 2025 Paid
Dividend
0.9 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
Aug. 16, 2006 2.000000
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