Equity Profile

GRMN

Garmin Ltd.

Consumer DiscretionaryConsumer Electronics$47.0B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

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)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new customers.

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. is a leading company in the consumer electronics sector, known for its GPS technology and wearable devices. With a market cap of $47 billion, Garmin plays a significant role in the growing consumer tech market, particularly as interest in health and fitness tracking continues to rise.

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, surpassing estimates by 13.04%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding the wearables segment.
Commitment to enhancing GPS technology.
Plans to improve customer service and support.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Garmin's earnings report, especially after the strong performance in the previous quarter.

Bull Case

If Garmin continues to beat EPS estimates, it could signal strong demand for its products, particularly in wearables and GPS.

Bear Case

Conversely, any signs of declining sales or increased competition could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given Garmin's strong EPS performance in recent quarters, this number will be crucial for investor confidence.

How is revenue growth trending in the wearables segment?

As wearables become increasingly popular, insights into this segment will be vital for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's growth potential in the wearables market, which has shown strong demand despite broader economic challenges.

Supporting Evidence

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

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent trends in consumer spending on health and fitness products could favor Garmin.

Key Risk

If wearables revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Garmin's ability to sustain growth in a competitive landscape, particularly in wearables and GPS technology.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong demand and profitability.

Bear Confirmed If

An EPS below $1.90 would raise concerns about declining sales and profitability.

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 investors expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Garmin beats expectations, history suggests the stock could rise by around 3.43%, reinforcing positive sentiment.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors reassess growth prospects.

Miss

A miss could lead to a decline of about 8.44%, as seen in previous quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the wearables segment's performance and growth strategy.
2Insights into how Garmin plans to compete with emerging technologies.
3Management's outlook on consumer spending trends in the electronics market.
4Details on any new product launches or innovations.
5Comments on supply chain stability and cost management.

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. 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)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new customers.

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, surpassing estimates by 13.04%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding the wearables segment.
Commitment to enhancing GPS technology.
Plans to improve customer service and support.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Garmin's earnings report, especially after the strong performance in the previous quarter.

Bull Case

If Garmin continues to beat EPS estimates, it could signal strong demand for its products, particularly in wearables and GPS.

Bear Case

Conversely, any signs of declining sales or increased competition could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given Garmin's strong EPS performance in recent quarters, this number will be crucial for investor confidence.

How is revenue growth trending in the wearables segment?

As wearables become increasingly popular, insights into this segment will be vital for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's growth potential in the wearables market, which has shown strong demand despite broader economic challenges.

Supporting Evidence

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

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent trends in consumer spending on health and fitness products could favor Garmin.

Key Risk

If wearables revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Garmin's ability to sustain growth in a competitive landscape, particularly in wearables and GPS technology.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong demand and profitability.

Bear Confirmed If

An EPS below $1.90 would raise concerns about declining sales and profitability.

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 investors expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Garmin beats expectations, history suggests the stock could rise by around 3.43%, reinforcing positive sentiment.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors reassess growth prospects.

Miss

A miss could lead to a decline of about 8.44%, as seen in previous quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the wearables segment's performance and growth strategy.
2Insights into how Garmin plans to compete with emerging technologies.
3Management's outlook on consumer spending trends in the electronics market.
4Details on any new product launches or innovations.
5Comments on supply chain stability and cost management.