Garmin (GRMN)
Designs wearables, navigation devices, marine electronics, avionics, and automotive systems across five segments.
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Designs and manufactures fitness wearables, outdoor and marine electronics, certified avionics, and auto OEM systems, selling through retail, dealer, distributor, and manufacturer channels alongside connected-service subscriptions. Its vertically integrated model combines product development with substantial in-house manufacturing, with principal consumer production concentrated in Taiwan.
Designs navigation, communications, sensor-based and information products across five segments. Fitness and outdoor combine smartwatches, cycling computers, handhelds and inReach satellite communications with Garmin Connect and newly acquired TrainingPeaks and TrainHeroic coaching platforms. Marine supplies chartplotters, sonar, autopilots and audio systems; aviation sells integrated flight decks and aftermarket avionics; auto OEM develops in-vehicle computing and infotainment for automakers.
Earns revenue primarily from product shipments through retailers, distributors, dealers and OEMs, supplemented by connected-service subscriptions. Sales span the Americas, EMEA and APAC, with the Americas the largest region. An integrated model keeps most design and manufacturing in-house, supporting coordination between engineering and production. Aviation and auto OEM demand follows certification, regulatory and vehicle-program cycles, while principal consumer manufacturing is concentrated in Taiwan.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | UBS | Target | Target: — | Target: $370 |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $249 | Target: $289 |
| Jul 30, 2026 | Barclays | Reiterate | Rating: —Target: $238 | Target: $297 |
| May 20, 2026 | Tigress Financial | Reiterate | Rating: —Target: $320 | Target: $325 |
| Apr 30, 2026 | Morgan Stanley | Target | Target: $252 | Target: $249 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 27, 2026Cash & short-term investments $2.67B · Total debt $178.0M · Total assets $11.42B · Shareholders' equity $9.03B
- Revenue
- $2.02B
- Operating income
- $615.5M
- Net income
- $541.9M
HistoryDividendAnnual yieldUpcoming
| Institutions | 57.56% | 111.01M shares | |
|---|---|---|---|
| 1,037 holders · as of Jun 30, 2026 | |||
| Insiders | 27.58% | 53.18M shares | |
| 19 holders · as of Aug 20, 2026 | |||
| Other | 14.86% | 28.66M shares | |
| remainder | |||
192.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
C. KaoInsider | 13.15% | 25.36M | filed Feb 1, 2019 |
Min H. Kao1Insiderdirector, officer: Executive Chairman | 9.67% | 18.68M | filed Aug 4, 2026 |
BlackRock, Inc.Institution | 7.69% | 14.82M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.55% | 10.71M | as of Jun 30, 2026 |
Jonathan BurrellInsiderdirector | 4.44% | 8.56M | filed Aug 19, 2026 |
- Min H. Kao's transaction reports restate only vehicles that traded; the 2026 ownership statement (18.68M) less the 21.3K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Cheng-Wei Wang | officer: General Manager - Garmin Corp. | −9,941 | $299.36 |
| Jul 29, 2026 | Clifton A. Pemble | director, officer: President and CEO | −4,029 | $300.00 |
| Jul 31, 2026 | Joshua H. Maxfield | officer: VP, General Counsel | −1,152 | $291.13 |
| Jul 31, 2026 | Sean Biddlecombe | officer: Managing Director, EMEA | −986 | $292.88 |
| Jun 9, 2026 | Joseph J. Hartnett | director | −1,286 | $249.83 |
- Apple
Apple Watch line contests the fitness and outdoor segments head-on.
- Honeywell Technologies
Honeywell Aerospace and BendixKing contest integrated flight decks.
- Brunswick
Navico (Lowrance / Simrad / B&G) contests chartplotters, sonar, autopilot.
- RTX
Collins Aerospace Pro Line Fusion contests integrated flight decks on bizjets.
- Alphabet Class A
Fitbit and Pixel Watch contest fitness wearables on the Android side.
- Teledyne Technologies
Teledyne FLIR Raymarine contests MFDs, radar and thermal night-vision.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Garmin | $282.93 | +0.93% | $54.04B | 28.9 | 27.5 | 7.0 | +11.4% |
| Apple | $343.57 | +1.35% | $4.98T | 38.8 | 37.0 | 10.7 | +16.4% |
| Honeywell Technologies | $209.71 | +1.57% | $65.44B | 8.0 | 22.7 | 1.8 | −49.9% |
| Brunswick | $66.35 | +0.53% | $4.29B | — | 13.5 | 0.8 | +7.7% |
| RTX | $189.45 | −2.52% | $261.92B | 34.2 | 25.7 | 2.8 | +14.5% |
| Alphabet Class A | $358.41 | +0.97% | $4.30T | 17.8 | 26.7 | 9.6 | +24.2% |
| Teledyne Technologies | $611.48 | +0.39% | $28.23B | 29.4 | 24.0 | 4.4 | +9.8% |
| Median | 29.4 | 24.9 | 3.6 | +12.2% |