Equity Profile

GRMN

GARMIN LTD

Consumer DiscretionaryConsumer Electronics$45.6B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Garmin Ltd. (GRMN) 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 will show how well Garmin is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is critical to assess how Garmin is expanding its market presence and responding to consumer demand.

N/A

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

GRMN Q2-2026 Earnings Preview

Context

Company Snapshot

Garmin Ltd. (GRMN) 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 tech, Garmin's innovations in smartwatches and navigation systems position it well in a competitive 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 Q1-2026, Garmin reported an EPS of $2.08, exceeding expectations by 13%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Garmin's upcoming earnings are mixed, with investors keenly watching for signs of continued growth in its core product lines.

Bull Case

If Garmin can demonstrate strong sales in its wearable segment and maintain or improve its EPS, it could see significant stock price appreciation.

Bear Case

Conversely, if Garmin shows signs of slowing growth or fails to meet earnings expectations, it may face a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will Garmin report for wearable device sales this quarter?

Given the growing trend in health and fitness technology, strong sales in this category could indicate robust demand and future growth.

How does Garmin plan to address competition in the GPS and smartwatch markets?

Understanding Garmin's strategy in a competitive landscape is crucial for assessing its long-term viability and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Garmin's growth potential in the wearable market, especially given recent trends in health tech.

Supporting Evidence

Garmin has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages suggest, signaling potential for a positive surprise.

Recent consumer trends favor health and fitness products, which could benefit Garmin more than anticipated.

Key Risk

If wearable device sales significantly exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Garmin's ability to maintain growth in a competitive market, particularly in wearables.

Bull Confirmed If

A significant increase in wearable device sales, exceeding previous quarters, would confirm the bullish case.

Bear Confirmed If

A decline in revenue or a significant miss on EPS would support the bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±15.73%

Historical Avg

±9.9%

Pricing rich

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

Options are pricing ±15.7% while GRMN has averaged ±9.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.0%

Calls (7K)P/C Ratio: 1.41Puts (2K)

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 3.43%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors weigh management's commentary against expectations.

Miss

A miss could result in a decline of around 8.44%, reflecting investor disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in the wearable segment.
2Insights into consumer demand trends for GPS devices.
3Management's commentary on competitive pressures and market share.
4Details on international sales performance and growth strategies.
5Guidance on future earnings expectations and market outlook.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Garmin Ltd. (GRMN) 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 will show how well Garmin is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is critical to assess how Garmin is expanding its market presence and responding to consumer demand.

N/A

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

GRMN Q2-2026 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

In Q1-2026, Garmin reported an EPS of $2.08, exceeding expectations by 13%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Garmin's upcoming earnings are mixed, with investors keenly watching for signs of continued growth in its core product lines.

Bull Case

If Garmin can demonstrate strong sales in its wearable segment and maintain or improve its EPS, it could see significant stock price appreciation.

Bear Case

Conversely, if Garmin shows signs of slowing growth or fails to meet earnings expectations, it may face a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will Garmin report for wearable device sales this quarter?

Given the growing trend in health and fitness technology, strong sales in this category could indicate robust demand and future growth.

How does Garmin plan to address competition in the GPS and smartwatch markets?

Understanding Garmin's strategy in a competitive landscape is crucial for assessing its long-term viability and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Garmin's growth potential in the wearable market, especially given recent trends in health tech.

Supporting Evidence

Garmin has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages suggest, signaling potential for a positive surprise.

Recent consumer trends favor health and fitness products, which could benefit Garmin more than anticipated.

Key Risk

If wearable device sales significantly exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Garmin's ability to maintain growth in a competitive market, particularly in wearables.

Bull Confirmed If

A significant increase in wearable device sales, exceeding previous quarters, would confirm the bullish case.

Bear Confirmed If

A decline in revenue or a significant miss on EPS would support the bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±15.73%

Historical Avg

±9.9%

Pricing rich

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

Options are pricing ±15.7% while GRMN has averaged ±9.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.0%

Calls (7K)P/C Ratio: 1.41Puts (2K)

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 3.43%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors weigh management's commentary against expectations.

Miss

A miss could result in a decline of around 8.44%, reflecting investor disappointment and concerns over future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in the wearable segment.
2Insights into consumer demand trends for GPS devices.
3Management's commentary on competitive pressures and market share.
4Details on international sales performance and growth strategies.
5Guidance on future earnings expectations and market outlook.