Garmin Ltd NASDAQ:GRMN Price, Chart, News & Insight

Garmin Falls 1.1% Despite Record Q3 Revenue, Margin Expansion and Higher Guidance

Garmin (NYSE: GRMN) shares fell about 1.1% even after the company reported record third-quarter 2026 results and raised its full-year outlook.

Revenue increased 12% year over year to a record $1.99 billion. Gross margin expanded to 63.3%, while operating margin improved to 30.8%.

Operating income jumped 34% to a record $612 million. GAAP EPS reached $2.80, while pro forma EPS increased 39% year over year to $2.76.

Product momentum remained strong, with Garmin launching the fēnix 9 and fēnix 9 Pro smartwatch series. The company also highlighted continued strength in aviation, including delivery of its 1,000th G1000 retrofit for King Air aircraft and more than 2,500 aircraft equipped with Garmin Autoland.

Management raised its full-year guidance following the stronger quarter.

The 1.1% decline appears to reflect a muted market reaction or profit-taking rather than deterioration in the underlying business, as Garmin delivered double-digit sales growth, substantial margin expansion and sharply higher earnings.

💬

WS Investor 10-28-26

Garmin reported record first-quarter 2026 results, driven by strong revenue growth and expanding profitability.

Revenue rose 14% year-over-year to approximately $1.75 billion, marking a record for the first quarter. Profitability improved significantly, with operating income increasing 30% to $432 million, while operating margin expanded to 24.6% and gross margin to 59.4%.

Earnings also showed strong growth, with GAAP EPS reaching $2.09 and pro forma EPS at $2.08, up 29% from the prior year.

On the product side, Garmin highlighted continued innovation, including industry recognition for its Fenix 8 Pro, which was named “Best Connected Device” at the Mobile World Congress 2026.

The results reflect strong demand across Garmin’s product segments and effective cost management, supporting continued margin expansion.

Source: PR Newswire

💬

Global Finance News 04-30-26

Garmin announced that several of its aviation retrofit solutions have received certification from the European Union Aviation Safety Agency (EASA), expanding their availability across a wide range of aircraft in Europe.

The approvals include the GI 275 electronic flight display for helicopters, the G5000 integrated flight deck upgrade for Cessna Citation XLS+ aircraft, the Cirrus Perspective+ upgrade for SR Series planes, and a new digital distance measuring equipment (DME) solution.

These upgrades are designed to modernize cockpits, improve pilot situational awareness, reduce operational costs, and address obsolescence of legacy avionics systems.

Garmin said the certifications support its strategy to deliver advanced, scalable avionics solutions while enhancing safety and performance across general and business aviation.

💬

WS Investor 04-21-26

Garmin Ltd. introduced the D2 Mach 2 Pro, its first aviator smartwatch with satellite and cellular connectivity, enabling pilots to communicate and access data without a phone.

The device combines aviation tools, health monitoring, and emergency SOS features, targeting enhanced connectivity and safety for pilots.
PRNewswire

💬

WS Investor 04-14-26

Olathe, Kan., March 31, 2026 — Garmin announced a new integration with Natural Cycles, enabling users of select Garmin smartwatches to access an FDA-cleared birth control app powered by skin temperature data.

The integration allows users to track overnight skin temperature through compatible Garmin devices, with the data automatically syncing to the Natural Cycles app to provide personalized fertility insights. The app, classified as an FDA-approved medical device, helps users monitor fertility status for pregnancy planning or prevention.

The feature is available in multiple regions, including the United States, Europe, and the United Kingdom, and supports several Garmin smartwatch models. Both companies highlighted the move as a step toward expanding wearable-driven women’s health solutions and offering non-hormonal birth control alternatives.
PRNewsaire

💬

WS Investor 04-01-26

Garmin Ltd. (NYSE: GRMN) first quarter 2026 earnings conference call on Wednesday, April 29, 2026, at 10:30 a.m. EDT

💬

WS Investor 03-25-26

Garmin Ltd. expanded its Guided Visual Approaches aviation database, adding 15 new approaches and 10 airports including Long Beach and San Jose in California.

The system provides lateral and vertical guidance for pilots during visual approaches at challenging airports, helping stabilize landings and improve safety, especially in areas with difficult terrain or nighttime city lighting.

The update was developed with Hughes Aerospace and is available for purchase through Garmin’s aviation database services for compatible avionics systems.

💬

European Investor 03-12-26

Garmin introduced a new 360-degree scanning sonar system designed to give anglers a complete view of fish and underwater structures around their boats. The system combines the GT360UHD transducer with the new motorized Spy Pole, allowing users to see detailed 2D and 3D sonar imagery in every direction without constantly rescanning the water.

The system uses OneVü sonar technology and True Motion GPS integration to maintain accurate positioning of underwater targets while the boat moves. It can scan and store an area roughly the size of a football field and integrates with Garmin chartplotters for customized display settings and control. When paired with Garmin’s LiveScope sonar, anglers can also access enhanced 3D views and directional beam overlays.

The Spy Pole enables independent control of the sonar transducer separate from the trolling motor through wireless foot controls, a gesture remote or chartplotter interface. Garmin said the new sonar solution will debut at the 2026 Bassmaster Classic and will be available for purchase starting March 13.
PRNewswire

💬

European Investor 03-10-26

Garmin Ltd. (NYSE: GRMN) has launched a new Community Champions program to recognize local changemakers within the cities hosting its Garmin Marathon Series.

The initiative will highlight runners and fitness advocates who have made a positive impact in their communities through health, wellness and performance. In each host city, an application phase will be followed by the selection of three to five finalists. Finalists’ stories will be shared ahead of race day, and one Community Champion will be announced at the starting line, helping lead the official race countdown.

To be eligible, nominees must be at least 18 years old, live in or near a Garmin Marathon Series host city, and be present on race day. Submissions will be evaluated based on how individuals have inspired others to be active or contributed to their communities through running and fitness.

Applications are currently open for Durham, North Carolina, until March 31. Finalists are expected to be announced in early April, with the inaugural Community Champion revealed on May 2, 2026. Applications for Toledo, Ohio, and Tucson, Arizona, will open approximately two months before their respective race days.

The Garmin Marathon Series, wholly owned and produced by Garmin, launched in fall 2025 and includes marathon (Boston qualifier), half marathon, 10K and 5K distances. Registration remains open for all race distances across Durham, Toledo and Tucson.
PR Newswire

💬

The Investor 03-03-26

Garmin Ltd. announced new software and feature updates for select smartwatches, including Venu X1, vívoactive 6, fēnix 8 Pro, Forerunner 570 and Forerunner 970.

Key updates include enhanced gear tracking within the Garmin Connect app, allowing users to log more gear types, create gear collections, auto-assign equipment to activities and view gear lifespan progress directly on compatible watches.

New smartwatch features include a course planner for race preparation, live sports scores across 15 leagues (when paired with a smartphone), and mixed-session tracking for multiple activities in one workout. Garmin Fitness Coach now offers more personalized plans across 25+ activity types, while cyclists can receive Varia radar voice alerts on their watch.

Health additions include sleep alignment insights based on circadian rhythm and on-watch lifestyle logging for caffeine and alcohol, showing impacts on sleep, stress and HRV.

Additional updates target professional truck drivers with new road-focused tools and introduce expanded accessibility features, including spoken time and health data plus color display options for various forms of color blindness.

The free software updates are rolling out to compatible devices via Garmin Connect or Garmin Express.

Source: Garmin, February 24, 2026.

💬

The Investor 02-25-26

NASDAQ:GRMNFollow

NASDAQ:GRMN