Garmin Reports 17% Revenue Growth in Q4 Driven by Fitness Segment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy GRMN?
Source: stocktwits
- Significant Revenue Growth: Garmin's Q4 revenue reached $2.12 billion, a 17% increase year-over-year, surpassing the market expectation of $2.02 billion, primarily driven by strong performance in fitness products, particularly the newly launched Venu 4 and Bounce 2 smartwatches, which boosted segment revenue by 42% to $765.8 million.
- Earnings Beat Expectations: Adjusted earnings per share came in at $2.79, exceeding analyst expectations of $2.40, demonstrating effective management in cost control and market demand, which further bolstered investor confidence.
- Optimistic 2026 Outlook: Garmin anticipates total revenue of $7.9 billion for 2026, above analysts' expectations of $7.63 billion, with projected earnings per share of $9.35, significantly higher than the consensus forecast of $8.70, reflecting strong confidence in future growth.
- Dividend Increase: The company announced a 17% increase in quarterly dividends to $1.05, showcasing its robust cash flow and commitment to shareholder returns, which further enhances market sentiment towards Garmin's stock.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GRMN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GRMN
Wall Street analysts forecast GRMN stock price to rise
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 216.980
Low
217.00
Averages
259.00
High
310.00
Current: 216.980
Low
217.00
Averages
259.00
High
310.00
About GRMN
Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Garmin Reports 17% Revenue Growth to $2.12 Billion in Q4
- Significant Revenue Growth: Garmin reported a 17% year-on-year revenue increase to $2.12 billion, surpassing the analyst consensus estimate of $2.02 billion, indicating strong performance and competitiveness in the market.
- Segment Performance: Revenue from the Fitness segment surged 42% year-on-year to $765.84 million, primarily driven by robust demand for advanced wearables, reflecting ongoing consumer interest in health technology products.
- Shareholder Return Plans: The Board plans to increase the quarterly dividend per share by 17% to $1.05 and authorized a share repurchase program of up to $500 million from 2026 to 2028, demonstrating confidence in future cash flows and commitment to shareholders.
- Optimistic Outlook: Garmin expects 2026 revenue of $7.9 billion, exceeding the analyst consensus estimate of $7.631 billion, with an adjusted EPS forecast of $9.35, indicating that the company's strategic focus on new product launches will continue to drive growth.
See More
Garmin Reports 17% Revenue Growth in Q4 Driven by Fitness Segment
- Significant Revenue Growth: Garmin's Q4 revenue reached $2.12 billion, a 17% increase year-over-year, surpassing the market expectation of $2.02 billion, primarily driven by strong performance in fitness products, particularly the newly launched Venu 4 and Bounce 2 smartwatches, which boosted segment revenue by 42% to $765.8 million.
- Earnings Beat Expectations: Adjusted earnings per share came in at $2.79, exceeding analyst expectations of $2.40, demonstrating effective management in cost control and market demand, which further bolstered investor confidence.
- Optimistic 2026 Outlook: Garmin anticipates total revenue of $7.9 billion for 2026, above analysts' expectations of $7.63 billion, with projected earnings per share of $9.35, significantly higher than the consensus forecast of $8.70, reflecting strong confidence in future growth.
- Dividend Increase: The company announced a 17% increase in quarterly dividends to $1.05, showcasing its robust cash flow and commitment to shareholder returns, which further enhances market sentiment towards Garmin's stock.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
Garmin Reports Record Q4 2025 Earnings with Strong Growth Outlook
- Record Financial Performance: Garmin achieved $2.125 billion in revenue for Q4 2025, marking a 17% year-over-year increase and setting a new fourth-quarter record, showcasing the company's strong product demand and the advantages of its diversified business model.
- Future Growth Expectations: The company anticipates a revenue increase of approximately 9% to $7.9 billion in 2026, with operating income expected to exceed $2 billion for the first time, reflecting management's confidence in sustained market demand and future performance.
- Significant Dividend Increase: Garmin proposed a 17% increase in its annual dividend to $4.20 per share, indicating a commitment to shareholder returns while achieving financial growth, thereby enhancing investor confidence.
- Strategic Communication Shift: Management has decided to no longer emphasize individual segment growth targets, instead focusing on providing consolidated guidance, aiming to navigate market challenges through innovation and supply chain resilience, further solidifying the company's market position.
See More
US Stock Markets Rise on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
Stock Movements of Various Companies Analyzed
- Wingstop Stock Surge: Shares of Wingstop jumped approximately 13% due to an upbeat outlook, projecting flat to low-single digit same-store sales growth for fiscal 2026, despite a 5.8% year-over-year decline in same-store sales in Q4, which was better than the expected 6.7% drop by analysts.
- Moody's Earnings Beat: Moody's shares rose 6% after reporting adjusted Q4 earnings of $3.64 per share, exceeding the $3.43 expected by analysts, with revenue of $1.89 billion also surpassing the $1.86 billion consensus, and the company guiding for full-year adjusted earnings between $16.40 and $17 per share.
- Madison Square Garden Spin-off Plans: Madison Square Garden Sports saw a 13% increase in shares after announcing plans to consider spinning off its New York Knicks franchise from its New York Rangers business, potentially enhancing the market value and operational efficiency of both entities.
- Global Payments Optimistic Guidance: Global Payments shares surged 15% as the company projected earnings of $13.80 to $14 per share by the end of 2026, exceeding the $13.58 consensus, while also expecting adjusted net revenue growth of around 5%, higher than the 4.7% forecast by analysts.
See More
Garmin Reports 17% Revenue Growth to $2.12 Billion in Q4
- Significant Revenue Growth: Garmin reported a 17% year-on-year revenue increase to $2.12 billion, surpassing the analyst consensus estimate of $2.02 billion, indicating strong performance and competitiveness in the market.
- Segment Performance: Revenue from the Fitness segment surged 42% year-on-year to $765.84 million, primarily driven by robust demand for advanced wearables, reflecting ongoing consumer interest in health technology products.
- Shareholder Return Plans: The Board plans to increase the quarterly dividend per share by 17% to $1.05 and authorized a share repurchase program of up to $500 million from 2026 to 2028, demonstrating confidence in future cash flows and commitment to shareholders.
- Optimistic Outlook: Garmin expects 2026 revenue of $7.9 billion, exceeding the analyst consensus estimate of $7.631 billion, with an adjusted EPS forecast of $9.35, indicating that the company's strategic focus on new product launches will continue to drive growth.
See More
Garmin Reports 17% Revenue Growth in Q4 Driven by Fitness Segment
- Significant Revenue Growth: Garmin's Q4 revenue reached $2.12 billion, a 17% increase year-over-year, surpassing the market expectation of $2.02 billion, primarily driven by strong performance in fitness products, particularly the newly launched Venu 4 and Bounce 2 smartwatches, which boosted segment revenue by 42% to $765.8 million.
- Earnings Beat Expectations: Adjusted earnings per share came in at $2.79, exceeding analyst expectations of $2.40, demonstrating effective management in cost control and market demand, which further bolstered investor confidence.
- Optimistic 2026 Outlook: Garmin anticipates total revenue of $7.9 billion for 2026, above analysts' expectations of $7.63 billion, with projected earnings per share of $9.35, significantly higher than the consensus forecast of $8.70, reflecting strong confidence in future growth.
- Dividend Increase: The company announced a 17% increase in quarterly dividends to $1.05, showcasing its robust cash flow and commitment to shareholder returns, which further enhances market sentiment towards Garmin's stock.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
Garmin Reports Record Q4 2025 Earnings with Strong Growth Outlook
- Record Financial Performance: Garmin achieved $2.125 billion in revenue for Q4 2025, marking a 17% year-over-year increase and setting a new fourth-quarter record, showcasing the company's strong product demand and the advantages of its diversified business model.
- Future Growth Expectations: The company anticipates a revenue increase of approximately 9% to $7.9 billion in 2026, with operating income expected to exceed $2 billion for the first time, reflecting management's confidence in sustained market demand and future performance.
- Significant Dividend Increase: Garmin proposed a 17% increase in its annual dividend to $4.20 per share, indicating a commitment to shareholder returns while achieving financial growth, thereby enhancing investor confidence.
- Strategic Communication Shift: Management has decided to no longer emphasize individual segment growth targets, instead focusing on providing consolidated guidance, aiming to navigate market challenges through innovation and supply chain resilience, further solidifying the company's market position.
See More
US Stock Markets Rise on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
Stock Movements of Various Companies Analyzed
- Wingstop Stock Surge: Shares of Wingstop jumped approximately 13% due to an upbeat outlook, projecting flat to low-single digit same-store sales growth for fiscal 2026, despite a 5.8% year-over-year decline in same-store sales in Q4, which was better than the expected 6.7% drop by analysts.
- Moody's Earnings Beat: Moody's shares rose 6% after reporting adjusted Q4 earnings of $3.64 per share, exceeding the $3.43 expected by analysts, with revenue of $1.89 billion also surpassing the $1.86 billion consensus, and the company guiding for full-year adjusted earnings between $16.40 and $17 per share.
- Madison Square Garden Spin-off Plans: Madison Square Garden Sports saw a 13% increase in shares after announcing plans to consider spinning off its New York Knicks franchise from its New York Rangers business, potentially enhancing the market value and operational efficiency of both entities.
- Global Payments Optimistic Guidance: Global Payments shares surged 15% as the company projected earnings of $13.80 to $14 per share by the end of 2026, exceeding the $13.58 consensus, while also expecting adjusted net revenue growth of around 5%, higher than the 4.7% forecast by analysts.
See More
