Equity Profile

GRMN

GARMIN LTD

Consumer DiscretionaryConsumer Electronics$45.6B

Apr29Wed

Post-Earnings Recap

ReportedQ1-2026Pre-Market7:00 AM EDT

Garmin Beats on EPS, Stock Up 0.00%

Metric	Actual	Expected	Surprise
EPS	$2.08	$1.84	+13.04%
Revenue	N/A	$1.7B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Garmin Beats on EPS, Stock Up 0.00%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.08	$1.84	+13.04%
Revenue	N/A	$1.7B	N/A

Management Commentary

Tone: Cautiously Optimistic

Overall, management expressed satisfaction with the earnings performance. They highlighted ongoing efforts to enhance product offerings and customer satisfaction.

The company is pleased with the EPS results despite not providing revenue figures.

Management emphasized their focus on maintaining product quality and innovation.

What It Means

Garmin's strong EPS performance indicates better-than-expected profitability, which may reflect effective cost management or strong demand for their products. However, the lack of revenue figures leaves some uncertainty about overall sales performance. The stock reaction remained flat, suggesting investors are taking a wait-and-see approach following the earnings report.

Company Snapshot

Garmin Ltd. is a leading company in the consumer electronics sector, known for its GPS technology and wearable devices....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$1.84

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Garmin Ltd. is a leading company in the consumer electronics sector, known for its GPS technology and wearable devices. As consumer spending shifts towards health and fitness technology, Garmin's products play a crucial role in this growing market.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+14.19%

Avg Stock Reaction

+1.95%

Last Quarter Recap

In the last quarter, Garmin reported an EPS of $2.79, significantly beating estimates, which led to a positive stock reaction. The company continues to show strong demand for its products, especially in the fitness and outdoor segments.

Management Promises & Guidance

Focus on expanding product lines in health and fitness.
Commitment to enhancing customer experience through technology.
Plans to increase market penetration in emerging markets.

Expectations

Wall Street Expectations

Analysts are optimistic about Garmin's upcoming earnings, expecting strong performance based on previous results. The consensus is that the company will continue to benefit from robust demand for its products.

Bull Case

If Garmin meets or exceeds EPS expectations, it could signal strong operational efficiency and market demand, potentially driving the stock higher.

Bear Case

If Garmin fails to meet revenue expectations, it may raise concerns about slowing growth and impact investor confidence.

Key Metrics to Watch

EPS

$1.84

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$1.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Garmin's EPS exceed the consensus estimate of $1.84?

A strong EPS could indicate continued profitability and operational strength, which is crucial for investor confidence.

What are the revenue projections for the upcoming quarter?

Revenue performance is essential to understanding market demand and growth potential, particularly in the consumer electronics sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Garmin's ability to capitalize on the growing health and fitness market, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Garmin's recent product launches have received positive feedback, indicating strong consumer interest.

The company's historical performance shows a high beat rate, suggesting potential for exceeding expectations.

Options pricing indicates significant volatility, hinting at potential surprises in earnings.

Key Risk

If Garmin's revenue growth does not meet or exceed $1.7B, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be critical in assessing Garmin's ability to maintain its growth trajectory amid competitive pressures.

Bull Confirmed If

Earnings exceeding $1.84 per share with revenue above $1.7B would confirm strong market demand.

Bear Confirmed If

Earnings below $1.74 per share or revenue falling short of $1.7B would raise concerns about growth.

Pre-Earnings Positioning

Options Market

Implied Move

±10.05%

Historical Avg

±9.9%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.8% while GRMN has averaged ±9.9% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.5%

30d HV

30.5%

Calls (4K)P/C Ratio: 0.87Puts (55K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Garmin beats expectations, history suggests a potential stock increase of around 5%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 8.44%, reflecting investor disappointment and concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the health and fitness segment.
2Any commentary on supply chain challenges or impacts on production.
3Insights into consumer demand trends in key markets.
4Management's outlook on revenue growth for the upcoming quarters.
5Details on competitive positioning against other consumer electronics brands.

See the full picture

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Company Snapshot

Garmin Ltd. is a leading company in the consumer electronics sector, known for its GPS technology and wearable devices....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$1.84

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+14.19%

Avg Stock Reaction

+1.95%

Last Quarter Recap

Management Promises & Guidance

Focus on expanding product lines in health and fitness.
Commitment to enhancing customer experience through technology.
Plans to increase market penetration in emerging markets.

Expectations

Wall Street Expectations

Bull Case

If Garmin meets or exceeds EPS expectations, it could signal strong operational efficiency and market demand, potentially driving the stock higher.

Bear Case

If Garmin fails to meet revenue expectations, it may raise concerns about slowing growth and impact investor confidence.

Key Metrics to Watch

EPS

$1.84

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$1.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Garmin's EPS exceed the consensus estimate of $1.84?

A strong EPS could indicate continued profitability and operational strength, which is crucial for investor confidence.

What are the revenue projections for the upcoming quarter?

Revenue performance is essential to understanding market demand and growth potential, particularly in the consumer electronics sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Garmin's ability to capitalize on the growing health and fitness market, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Garmin's recent product launches have received positive feedback, indicating strong consumer interest.

The company's historical performance shows a high beat rate, suggesting potential for exceeding expectations.

Options pricing indicates significant volatility, hinting at potential surprises in earnings.

Key Risk

If Garmin's revenue growth does not meet or exceed $1.7B, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be critical in assessing Garmin's ability to maintain its growth trajectory amid competitive pressures.

Bull Confirmed If

Earnings exceeding $1.84 per share with revenue above $1.7B would confirm strong market demand.

Bear Confirmed If

Earnings below $1.74 per share or revenue falling short of $1.7B would raise concerns about growth.

Pre-Earnings Positioning

Options Market

Implied Move

±10.05%

Historical Avg

±9.9%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.8% while GRMN has averaged ±9.9% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.5%

30d HV

30.5%

Calls (4K)P/C Ratio: 0.87Puts (55K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Garmin beats expectations, history suggests a potential stock increase of around 5%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 8.44%, reflecting investor disappointment and concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the health and fitness segment.
2Any commentary on supply chain challenges or impacts on production.
3Insights into consumer demand trends in key markets.
4Management's outlook on revenue growth for the upcoming quarters.
5Details on competitive positioning against other consumer electronics brands.