Garmin Reports Strong Q4 Growth with 17% Sales Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Should l Buy GRMN?
Source: NASDAQ.COM
- Sales and Earnings Growth: Garmin achieved a 17% increase in sales and a 16% rise in earnings per share in Q4, surpassing Wall Street expectations and demonstrating robust overall business performance, which boosts market confidence in its future growth.
- Broad-Based Segment Growth: Each of Garmin's five business segments reported positive growth, indicating the company's success in diversifying its product lines and strengthening its position in a competitive market.
- Dividend Increase and Financial Stability: The company announced a 17% dividend increase, marking its eighth consecutive year of growth, reflecting stable cash flow and a strong return on invested capital, appealing to investors seeking reliable income.
- Technological Innovation and Market Recognition: Garmin received five CES 2026 Innovation Awards, showcasing its leadership in technology, particularly with the first-ever use of its Autoland system, which enhances its significance in aviation safety technology.
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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: 237.460
Low
217.00
Averages
259.00
High
310.00
Current: 237.460
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 Strong Q4 Growth with 17% Sales Increase
- Sales and Earnings Growth: Garmin achieved a 17% increase in sales and a 16% rise in earnings per share in Q4, surpassing Wall Street expectations and demonstrating robust overall business performance, which boosts market confidence in its future growth.
- Broad-Based Segment Growth: Each of Garmin's five business segments reported positive growth, indicating the company's success in diversifying its product lines and strengthening its position in a competitive market.
- Dividend Increase and Financial Stability: The company announced a 17% dividend increase, marking its eighth consecutive year of growth, reflecting stable cash flow and a strong return on invested capital, appealing to investors seeking reliable income.
- Technological Innovation and Market Recognition: Garmin received five CES 2026 Innovation Awards, showcasing its leadership in technology, particularly with the first-ever use of its Autoland system, which enhances its significance in aviation safety technology.
See More
Garmin Shares Surge 11% Following Strong Q4 Earnings Beat
- Significant Earnings Growth: Garmin's Q4 sales and earnings per share rose by 17% and 16%, respectively, far exceeding Wall Street expectations and driving an 11% increase in stock price, reflecting the company's robust market performance and profitability.
- Optimistic Future Outlook: Management's guidance for 9% growth in sales and EPS for 2026 also surpassed analyst consensus, further boosting investor confidence and contributing to the stock's upward momentum.
- Growth Across Business Segments: All five of Garmin's business segments reported positive sales growth, with the fitness segment achieving $2.4 billion in sales, up 33%, indicating strong performance and demand across multiple sectors.
- Leading Technological Innovation: Garmin received five CES 2026 Innovation Awards, and its Autoland system successfully activated during an emergency, showcasing the company's technological prowess in the rapidly evolving AI landscape, thereby reinforcing its market position.
See More
GARMIN LTD: MORGAN STANLEY INCREASES TARGET PRICE TO $252.00, UP FROM $195.00
- Morgan Stanley Raises Target Price: Morgan Stanley has increased its target price for Garmin Ltd. to $252.00.
- Previous Target Price: The previous target price was set at $195.00.
See More
GARMIN LTD: MORGAN STANLEY UPGRADES TO EQUAL-WEIGHT FROM UNDERWEIGHT
Morgan Stanley's Rating Change: Morgan Stanley has upgraded Garmin Ltd. from an "underweight" to an "equal-weight" rating, indicating a more favorable outlook on the company's stock.
Implications of the Upgrade: This change in rating suggests that Morgan Stanley believes Garmin's stock is now more aligned with its fair value, potentially signaling a positive shift in investor sentiment.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, although specific upgrades and downgrades are not disclosed, this shift could influence investor decisions and market sentiment.
- Market Reaction Expectations: Changes in analyst ratings typically trigger market volatility, prompting investors to monitor these shifts to assess potential investment opportunities and risks, especially in the current economic climate.
- Investor Focus: For those considering buying CHWY stock, analysts' opinions will serve as a crucial reference point, potentially impacting their buying decisions and the stock's market performance.
- Rating Change Transparency: While the article does not provide specific details on rating changes, it emphasizes the importance of the analyst ratings page, where investors can access comprehensive information on rating changes to make informed investment choices.
See More
Garmin Declares 16.7% Increase in Monthly Dividend to $1.05
- Dividend Increase: Garmin has announced a monthly dividend increase from $0.90 to $1.05, representing a 16.7% rise, which not only enhances shareholder returns but also reflects the company's robust financial performance and sustained profitability.
- Yield Advantage: This dividend adjustment results in a forward yield of 5.31%, providing investors with an attractive income opportunity and further solidifying Garmin's investment appeal in the market.
- Payment Schedule: The new dividend will be payable on June 26, with a record date of June 15, and additional payment dates set for September, December, and March next year, ensuring shareholders receive consistent returns.
- Future Outlook: Garmin projects a 9% revenue growth to $7.9 billion in 2026, highlighting strong growth potential in the fitness and aviation sectors, which further enhances its long-term investment value.
See More
Garmin Reports Strong Q4 Growth with 17% Sales Increase
- Sales and Earnings Growth: Garmin achieved a 17% increase in sales and a 16% rise in earnings per share in Q4, surpassing Wall Street expectations and demonstrating robust overall business performance, which boosts market confidence in its future growth.
- Broad-Based Segment Growth: Each of Garmin's five business segments reported positive growth, indicating the company's success in diversifying its product lines and strengthening its position in a competitive market.
- Dividend Increase and Financial Stability: The company announced a 17% dividend increase, marking its eighth consecutive year of growth, reflecting stable cash flow and a strong return on invested capital, appealing to investors seeking reliable income.
- Technological Innovation and Market Recognition: Garmin received five CES 2026 Innovation Awards, showcasing its leadership in technology, particularly with the first-ever use of its Autoland system, which enhances its significance in aviation safety technology.
See More
Garmin Shares Surge 11% Following Strong Q4 Earnings Beat
- Significant Earnings Growth: Garmin's Q4 sales and earnings per share rose by 17% and 16%, respectively, far exceeding Wall Street expectations and driving an 11% increase in stock price, reflecting the company's robust market performance and profitability.
- Optimistic Future Outlook: Management's guidance for 9% growth in sales and EPS for 2026 also surpassed analyst consensus, further boosting investor confidence and contributing to the stock's upward momentum.
- Growth Across Business Segments: All five of Garmin's business segments reported positive sales growth, with the fitness segment achieving $2.4 billion in sales, up 33%, indicating strong performance and demand across multiple sectors.
- Leading Technological Innovation: Garmin received five CES 2026 Innovation Awards, and its Autoland system successfully activated during an emergency, showcasing the company's technological prowess in the rapidly evolving AI landscape, thereby reinforcing its market position.
See More
GARMIN LTD: MORGAN STANLEY INCREASES TARGET PRICE TO $252.00, UP FROM $195.00
- Morgan Stanley Raises Target Price: Morgan Stanley has increased its target price for Garmin Ltd. to $252.00.
- Previous Target Price: The previous target price was set at $195.00.
See More
GARMIN LTD: MORGAN STANLEY UPGRADES TO EQUAL-WEIGHT FROM UNDERWEIGHT
Morgan Stanley's Rating Change: Morgan Stanley has upgraded Garmin Ltd. from an "underweight" to an "equal-weight" rating, indicating a more favorable outlook on the company's stock.
Implications of the Upgrade: This change in rating suggests that Morgan Stanley believes Garmin's stock is now more aligned with its fair value, potentially signaling a positive shift in investor sentiment.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, although specific upgrades and downgrades are not disclosed, this shift could influence investor decisions and market sentiment.
- Market Reaction Expectations: Changes in analyst ratings typically trigger market volatility, prompting investors to monitor these shifts to assess potential investment opportunities and risks, especially in the current economic climate.
- Investor Focus: For those considering buying CHWY stock, analysts' opinions will serve as a crucial reference point, potentially impacting their buying decisions and the stock's market performance.
- Rating Change Transparency: While the article does not provide specific details on rating changes, it emphasizes the importance of the analyst ratings page, where investors can access comprehensive information on rating changes to make informed investment choices.
See More
Garmin Declares 16.7% Increase in Monthly Dividend to $1.05
- Dividend Increase: Garmin has announced a monthly dividend increase from $0.90 to $1.05, representing a 16.7% rise, which not only enhances shareholder returns but also reflects the company's robust financial performance and sustained profitability.
- Yield Advantage: This dividend adjustment results in a forward yield of 5.31%, providing investors with an attractive income opportunity and further solidifying Garmin's investment appeal in the market.
- Payment Schedule: The new dividend will be payable on June 26, with a record date of June 15, and additional payment dates set for September, December, and March next year, ensuring shareholders receive consistent returns.
- Future Outlook: Garmin projects a 9% revenue growth to $7.9 billion in 2026, highlighting strong growth potential in the fitness and aviation sectors, which further enhances its long-term investment value.
See More
