Garmin Ltd (GRMN) stock

GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26

Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3010% above fair value

$272.67−7.27 (-2.60%)

Close on Oct 30, 2026Market cap $52.59BP/E 28.1Yield –

Earnings

Garmin's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 17, 2027

Q4 FY2026 · estimated, before the open

Revenue, Q3 FY2026

$1.99B

+10.6% on a year earlier

pro forma EPS, Q3 FY2026

$2.76

$1.99 a year earlier

Latest guidance

Raised

Oct 28, 2026 · 5 items

Quarterly results

Revenue and earnings per share from each of Garmin's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 27, 2026	Feb 17, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 27, 2026	Oct 28, 2026before the open	$1.99B	+10.6%	$2.80	$2.76	Release
Q2 FY2026ended Jun 27, 2026	Jul 29, 2026before the open	$2.02B	+11.6%	$2.80	$2.81	Release
Q1 FY2026ended Mar 28, 2026	Apr 29, 2026before the open	$1.75B	+13.6%	$2.09	$2.08	Release
Q4 FY2025ended Dec 27, 2025	Feb 18, 2026before the open	$2.12B	+16.5%	$2.73	$2.79	Release
Q3 FY2025ended Sep 27, 2025	Oct 29, 2025before the open	$1.80B	+13.2%	$2.08	$1.99	Release
Q2 FY2025ended Jun 28, 2025	Jul 30, 2025before the open	$1.81B	+19.9%	$2.07	$2.17	Release
Q1 FY2025ended Mar 29, 2025	Apr 30, 2025after the close	$1.54B	+11.6%	$1.72	$1.61	Release
Q4 FY2024ended Dec 28, 2024	Feb 19, 2025before the open	$1.82B	+23.0%	$2.25	$2.41	Release
Q3 FY2024ended Sep 28, 2024	Oct 30, 2024before the open	$1.59B	+24.2%	$2.07	$1.99	Release
Q2 FY2024ended Jun 29, 2024	Jul 31, 2024before the open	$1.51B	+14.4%	$1.56	$1.58	Release
Q1 FY2024ended Mar 30, 2024	May 1, 2024before the open	$1.38B	+20.0%	$1.43	$1.42	Release
Q4 FY2023ended Dec 30, 2023	Feb 21, 2024before the open	$1.48B	+13.0%	$2.82	$1.72	Release
Q3 FY2023ended Sep 30, 2023	Nov 1, 2023before the open	$1.28B	+12.3%	$1.34	$1.41	Release
Q2 FY2023ended Jul 1, 2023	Aug 2, 2023before the open	$1.32B	+6.5%	$1.50	$1.45	Release
Q1 FY2023ended Apr 1, 2023	May 3, 2023before the open	$1.15B	-1.7%	$1.05	$1.02	Release
Q4 FY2022ended Dec 31, 2022	Feb 22, 2023before the open	$1.31B	-5.8%	$1.53	$1.35	Release
Q3 FY2022ended Sep 24, 2022	Oct 26, 2022before the open	$1.14B	-4.2%	$1.09	$1.24	Release
Q2 FY2022ended Jun 25, 2022	Jul 27, 2022before the open	$1.24B	–	$1.33	$1.44	Release
Q1 FY2022ended Mar 26, 2022	Apr 27, 2022before the open	$1.17B	–	$1.09	$1.11	Release
Q4 FY2021ended Dec 25, 2021	Feb 16, 2022before the open	$1.39B	–	$1.48	$1.55	Release
Q3 FY2021ended Sep 25, 2021	Oct 27, 2021before the open	$1.19B	–	$1.34	$1.41	Release
Q2 FY2021ended Jun 26, 2021	Jul 28, 2021before the open	–	–	–	–	Filing
Q1 FY2021ended Mar 27, 2021	Apr 28, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 26, 2020	Feb 17, 2021before the open	–	–	–	–	Release
Q3 FY2020ended Sep 26, 2020	Oct 28, 2020before the open	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Garmin's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
revenue	FY2026	$8.15B	$8.05B	Raised	Oct 28, 2026
revenue	FY2026	$7.90B	$7.90B	Reaffirmed	Apr 29, 2026
revenue	FY2026	+9%	–	New	Feb 18, 2026
gross margin	FY2026	61%	59.7%	Raised	Oct 28, 2026
gross margin	FY2026	58.5%	–	New	Feb 18, 2026
operating margin	FY2026	29%	27%	Raised	Oct 28, 2026
operating margin	FY2026	25.5%	–	New	Feb 18, 2026
pro forma EPSnon-GAAP	FY2026	$10.80	$10.00	Raised	Oct 28, 2026
pro forma EPSnon-GAAP	FY2026	$9.35	$9.35	Reaffirmed	Apr 29, 2026
full year tax rate	FY2026	16.5%	16.5%	Reaffirmed	Oct 28, 2026
pro forma effective tax ratenon-GAAP	FY2026	16%	–	New	Feb 18, 2026

Guidance vs results

The last range Garmin gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
FY2025	pro forma EPS	$8.15	$8.56Σ4Q	Above range
FY2025	Revenue	$7.10B	$7.27BΣ4Q	Above range

Guidance history

Every forecast Garmin put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 28, 2026	pro forma EPS	FY2026	$10.80	Raised
Oct 28, 2026	gross margin	FY2026	61%	Raised
Oct 28, 2026	operating margin	FY2026	29%	Raised
Oct 28, 2026	full year tax rate	FY2026	16.5%	Reaffirmed
Oct 28, 2026	revenue	FY2026	$8.15B	Raised
Jul 29, 2026	pro forma EPS	FY2026	$10.00	New
Jul 29, 2026	gross margin	FY2026	59.7%	New
Jul 29, 2026	operating margin	FY2026	27%	New
Jul 29, 2026	full year tax rate	FY2026	16.5%	New
Jul 29, 2026	revenue	FY2026	$8.05B	New
Apr 29, 2026	pro forma EPS	FY2026	$9.35	Reaffirmed
Apr 29, 2026	revenue	FY2026	$7.90B	Reaffirmed
Feb 18, 2026	full-year pro forma EPS	FY2026	$9.35	New
Feb 18, 2026	gross margin	FY2026	58.5%	New
Feb 18, 2026	operating margin	FY2026	25.5%	New
Feb 18, 2026	pro forma effective tax rate	FY2026	16%	New
Feb 18, 2026	revenue	FY2026	+9%	New
Feb 18, 2026	full-year 2026 revenue	FY2026	$7.90B	New
Oct 29, 2025	pro forma EPS	FY2025	$8.15	Raised
Oct 29, 2025	gross margin	FY2025	58.5%	Reaffirmed
Oct 29, 2025	operating margin	FY2025	25.2%	Raised
Oct 29, 2025	pro forma effective tax rate	FY2025	17.5%	New
Oct 29, 2025	revenue	FY2025	$7.10B	Reaffirmed
Jul 30, 2025	pro forma EPS	FY2025	$8.00	New
Jul 30, 2025	gross margin	FY2025	58.5%	New
Jul 30, 2025	operating margin	FY2025	24.8%	New
Jul 30, 2025	full year tax rate	FY2025	17.5%	New
Jul 30, 2025	revenue	FY2025	$7.10B	New
Apr 30, 2025	pro forma EPS	FY2025	$7.80	Reaffirmed
Apr 30, 2025	gross margin	FY2025	58.5%	Lowered
Apr 30, 2025	operating margin	FY2025	24.8%	Lowered
Apr 30, 2025	full year tax rate	FY2025	16.5%	New
Apr 30, 2025	revenue	FY2025	$6.85B	Raised
Feb 19, 2025	pro forma EPS	FY2025	$7.80	New
Feb 19, 2025	gross margin	FY2025	58.7%	New
Feb 19, 2025	operating margin	FY2025	25%	New
Feb 19, 2025	pro forma effective tax rate	FY2025	16.5%	New
Feb 19, 2025	revenue increase	FY2025	+8%	New
Feb 19, 2025	revenue	FY2025	$6.80B	New
Oct 30, 2024	pro forma EPS	FY2024	$6.85	Raised
Oct 30, 2024	gross margin	FY2024	58.5%	Raised
Oct 30, 2024	operating margin	FY2024	24%	Raised
Oct 30, 2024	effective tax rate	FY2024	16.5%	Raised
Oct 30, 2024	revenue	FY2024	$6.12B	Raised
Jul 31, 2024	pro forma EPS	FY2024	$6.00	Raised
Jul 31, 2024	gross margin	FY2024	57%	Raised
Jul 31, 2024	operating margin	FY2024	21.3%	Raised
Jul 31, 2024	effective tax rate	FY2024	16%	New
Jul 31, 2024	revenue	FY2024	$5.95B	Raised
May 1, 2024	pro forma EPS	FY2024	$5.40	Reaffirmed
May 1, 2024	revenue	FY2024	$5.75B	Reaffirmed
Feb 21, 2024	pro forma EPS	FY2024	$5.40	New
Feb 21, 2024	gross margin	FY2024	56.5%	New
Feb 21, 2024	operating margin	FY2024	20%	New
Feb 21, 2024	pro forma effective tax rate	FY2024	15.5%	New
Feb 21, 2024	revenue	FY2024	$5.75B	New
Nov 1, 2023	pro forma EPS	FY2023	$5.25	Raised
Nov 1, 2023	gross margin	FY2023	56.7%	Lowered
Nov 1, 2023	operating margin	FY2023	19.8%	Lowered
Nov 1, 2023	pro forma effective tax rate	FY2023	8.5%	Raised
Nov 1, 2023	revenue	FY2023	$5.15B	Raised
Aug 2, 2023	pro forma EPS	FY2023	$5.15	Reaffirmed
Aug 2, 2023	gross margin	FY2023	57.2%	Lowered
Aug 2, 2023	operating margin	FY2023	20%	Lowered
Aug 2, 2023	full year effective tax rate	FY2023	8.5%	New
Aug 2, 2023	revenue	FY2023	$5.05B	Raised
May 3, 2023	pro forma EPS	FY2023	$5.15	Reaffirmed
May 3, 2023	revenue	FY2023	$5.00B	Reaffirmed
Feb 22, 2023	pro forma EPS	FY2023	$5.15	New
Feb 22, 2023	gross margin	FY2023	57.5%	New
Feb 22, 2023	operating margin	FY2023	20.3%	New
Feb 22, 2023	pro forma effective tax rate	FY2023	8%	New
Feb 22, 2023	revenue	FY2023	$5.00B	New
Oct 26, 2022	EPS	FY2022	$4.95	Raised
Oct 26, 2022	gross margin	FY2022	57.5%	Raised
Oct 26, 2022	operating margin	FY2022	20.7%	Raised
Oct 26, 2022	full year effective tax rate	FY2022	8%	Lowered
Oct 26, 2022	revenue	FY2022	$4.85B	Lowered
Jul 27, 2022	pro forma EPS	FY2022	$4.90	Lowered
Jul 27, 2022	gross margin	FY2022	56.7%	Lowered
Jul 27, 2022	operating margin	FY2022	20%	Lowered
Jul 27, 2022	effective tax rate	FY2022	8.5%	New
Jul 27, 2022	revenue	FY2022	$5.00B	Lowered
Apr 27, 2022	pro forma EPS	FY2022	$5.90	Reaffirmed
Apr 27, 2022	revenue	FY2022	$5.50B	Reaffirmed
Feb 16, 2022	pro forma EPS	FY2022	$5.90	New
Feb 16, 2022	gross margin	FY2022	57.5%	New
Feb 16, 2022	operating margin	FY2022	22.8%	New
Feb 16, 2022	pro forma effective tax rate	FY2022	10.5%	New
Feb 16, 2022	revenue	FY2022	$5.50B	New
Oct 27, 2021	pro forma EPS	FY2021	$5.60	New
Oct 27, 2021	gross margin	FY2021	58.2%	New
Oct 27, 2021	operating margin	FY2021	24%	New
Oct 27, 2021	pro forma effective tax rate	FY2021	11.5%	New
Oct 27, 2021	revenue	FY2021	$4.95B	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.