Garmin Ltd. (GRMN) earnings on July 29, 2026
Prior outlook: Optimistic Outcome: Accurate
Garmin's stock jumped sharply after earnings, with strong gains holding through the close.
GRMN price around the earnings
294.83
Change: +16.2%
2026-07-29, 20:00 UTC
Start of the measured window
End of the measured window
253.65
270.10
286.55
303.00
253.65
July 29, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
- Results released
Strong earnings history (75% beat) with FAA catalyst and acquisition; limited analyst upside constrains.
Context analyzed before publication
- Trend
- Moderate run-up into earnings, recovering from a prior dip, indicating positive expectations.
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.75
- Analysts covering the stock
- 7
- Average price target
- 262.43
- Lowest price target
- 220
- Highest price target
- 325
- Upside to price target
- 3.5%
- Quarterly earnings growth
- 21.7%
- Revenue growth
- 14.2%
- Forward EPS
- 10.32
- Trailing EPS
- 8.95
- Analyst moves in the last 60 days
- 0
- Strong buy: 0
- Buy: 2
- Hold: 4
- Sell: 0
- Strong sell: 2
- Strong buy
- 0
- Buy
- 2
- Hold
- 4
- Sell
- 0
- Strong sell
- 2
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (1)
- Garmin Acquires TrainingPeaks And TrainHeroic Platforms For Athletes And Coaches; Financial Terms Not Disclosed (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 253.68
- Average true range (ATR)
- 2.6%
- Distance to 52-week high
- -9.0%
- 14-day change (14d)
- +5.1%
- 30-day change (32d)
- +9.1%
- 30-day relative strength
- +7.5%
- SPY change (32d)
- +1.6%
- Nearest support
- 252.99
- Distance to nearest support
- 0.3%
- Nearest resistance
- 255.25
- Distance to nearest resistance
- 0.6%
- Volume accumulation ratio (14d / 46d)
- 1.14
- Mid: 252.99 (0.3% away, 0.1 ATR, 23 touches)
- Major: 251.61 (0.8% away, 0.31 ATR, 21 touches)
- Minor: 250.17 (1.4% away, 0.52 ATR, 6 touches)
- Mid: 255.25 (0.6% away, 0.23 ATR, 17 touches)
- Mid: 258.35 (1.8% away, 0.7 ATR, 10 touches)
- Minor: 259.78 (2.4% away, 0.91 ATR, 4 touches)
Trends
Evidence
- Average earnings surprise
- +10.0%
- April 29, 2026: actual EPS 2.08 vs estimate 1.84 (surprise +13.1%)
- February 18, 2026: actual EPS 2.79 vs estimate 2.39 (surprise +16.6%)
- July 30, 2025: actual EPS 2.17 vs estimate 1.9 (surprise +14.4%)
- April 30, 2025: actual EPS 1.61 vs estimate 1.68 (surprise -4.0%)
Expected move
- Implied move
- +2.3%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 8%
- 75th percentile move
- 9.8%
- 90th percentile move
- 12.7%
- Up / down moves
- 12 / 8
- Average up move
- +7.6%
- Average down move
- -6.3%
Monitoring and close
What Garmin Ltd. reported
- Status
- Finished
| Actual EPS | 2.81 |
|---|---|
| EPS estimate | 2.25 |
| EPS surprise | +24.9% |
| Revenue | $2,022 million |
| Revenue estimate | $1,899 million |
| Revenue surprise | +6.5% |
Garmin reports record Q2 earnings, beating estimates. Shares surge 19% after raising full-year targets, driven by healthy living trends favoring connected devices.
Sources (17)
- Why Garmin Stock Soared Today (opens in a new tab) — Motley Fool
- Vertiv, SoFi, GE HealthCare, Micron, SK Hynix, Garmin, and More Stocks That Explain Today’s Market (opens in a new tab) — Barrons.com
- Garmin: Impressive Growth Likely Can't Go On Forever (opens in a new tab) — SeekingAlpha
- Garmin Is a $50 Billion Company After Blowout Earnings (opens in a new tab) — Barrons.com
- Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook (opens in a new tab) — Investor's Business Daily
- Ford, Garmin, GE HealthCare, Clean Harbors And Other Big Stocks Moving Higher On Wednesday (opens in a new tab) — Benzinga
- Garmin's Fitness Business Explodes 25%, Stock Surges (opens in a new tab) — Benzinga
- Garmin Ltd. (GRMN) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- Garmin Ltd. 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
- Garmin (GRMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
- Garmin (NYSE:GRMN) Soars on Record Q2 Earnings Beat and Raised Guidance (opens in a new tab) — ChartMill
- Garmin (GRMN) Q2 Earnings and Revenues Beat Estimates (opens in a new tab) — Zacks
- Garmin Raises FY2026 Adj EPS Guidance from $9.35 to $10.00 vs $9.55 Est; Raises FY2026 Sales Guidance from $7.900B to $8.050B vs $7.959B Est (opens in a new tab) — Benzinga
- Garmin Stock Jumps On Second-Quarter Beat, Raised Outlook (opens in a new tab) — Investor's Business Daily
- Garmin reported adjusted earnings of $2.81 per share, beating the $2.25 estimate, and revenue of $2.022B, above the $1.899B forecast. — Benzinga
- Garmin Q2 Adj. EPS $2.81 Beats $2.25 Estimate, Sales $2.022B Beat $1.899B Estimate (opens in a new tab) — Benzinga
- Garmin announces second quarter 2026 results (opens in a new tab) — Yahoo
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures confirm the optimistic scenario. In the 1038 past cases with a similar move, the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +16.2%
- Max favorable move (MFE)
- 19.7%
- Max adverse move (MAE)
- 0%