Equity Profile

GRMN

Garmin Ltd.

Consumer DiscretionaryConsumer Electronics$60.2B

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 Growth

Earnings per share (EPS) growth is crucial as it indicates the company's profitability and operational efficiency.

Expected to be around $2.08.

Revenue Performance

Revenue figures will provide insight into overall sales performance and market demand for Garmin's products.

Not available.

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 trends shift towards health and fitness, Garmin's products are increasingly relevant in today's 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, surpassing estimates by 13%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding wearable technology offerings.
Commitment to enhancing GPS features in consumer products.
Plans to improve supply chain efficiency.

Expectations

Wall Street Expectations

Overall, expectations for Garmin's upcoming earnings are mixed, with a history of beating EPS estimates but uncertainty around revenue figures.

Bull Case

If Garmin continues its trend of beating EPS estimates, it could signal strong operational performance and boost investor confidence.

Bear Case

Conversely, if revenue does not meet expectations or if there are signs of slowing demand in key segments, it could lead to a negative market reaction.

Key Metrics to Watch

EPS Growth

Expected to be around $2.08.

Earnings per share (EPS) growth is crucial as it indicates the company's profitability and operational efficiency.

Revenue Performance

Not available.

Revenue figures will provide insight into overall sales performance and market demand for Garmin's products.

Wearable Device Sales

Not available.

Sales from wearable devices are important as they represent a significant growth area for Garmin.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $2.08?

A strong EPS could reinforce investor confidence, while a miss could raise concerns about profitability.

What are the sales figures for wearable devices this quarter?

Given the focus on health and fitness, strong sales in this segment could indicate robust demand and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's ability to capitalize on the growing demand for health-focused wearable technology, which could drive higher sales than anticipated.

Supporting Evidence

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

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

Recent trends in consumer electronics show a shift towards health and fitness products, which Garmin is well-positioned to exploit.

Key Risk

If wearable device sales significantly exceed expectations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Garmin's ability to maintain its growth trajectory amidst competitive pressures and changing consumer preferences.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $1.90 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±15.73%

Historical Avg

±9.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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 strong performance.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on wearable device sales figures and growth rates.
2Any commentary on supply chain improvements and their impact on product availability.
3Insights into competitive positioning in the consumer electronics market.
4Management's outlook on consumer spending trends in the upcoming quarters.
5Details on new product launches or innovations in GPS technology.

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 Growth

Earnings per share (EPS) growth is crucial as it indicates the company's profitability and operational efficiency.

Expected to be around $2.08.

Revenue Performance

Revenue figures will provide insight into overall sales performance and market demand for Garmin's products.

Not available.

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%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding wearable technology offerings.
Commitment to enhancing GPS features in consumer products.
Plans to improve supply chain efficiency.

Expectations

Wall Street Expectations

Overall, expectations for Garmin's upcoming earnings are mixed, with a history of beating EPS estimates but uncertainty around revenue figures.

Bull Case

If Garmin continues its trend of beating EPS estimates, it could signal strong operational performance and boost investor confidence.

Bear Case

Conversely, if revenue does not meet expectations or if there are signs of slowing demand in key segments, it could lead to a negative market reaction.

Key Metrics to Watch

EPS Growth

Expected to be around $2.08.

Earnings per share (EPS) growth is crucial as it indicates the company's profitability and operational efficiency.

Revenue Performance

Not available.

Revenue figures will provide insight into overall sales performance and market demand for Garmin's products.

Wearable Device Sales

Not available.

Sales from wearable devices are important as they represent a significant growth area for Garmin.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $2.08?

A strong EPS could reinforce investor confidence, while a miss could raise concerns about profitability.

What are the sales figures for wearable devices this quarter?

Given the focus on health and fitness, strong sales in this segment could indicate robust demand and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's ability to capitalize on the growing demand for health-focused wearable technology, which could drive higher sales than anticipated.

Supporting Evidence

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

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

Recent trends in consumer electronics show a shift towards health and fitness products, which Garmin is well-positioned to exploit.

Key Risk

If wearable device sales significantly exceed expectations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Garmin's ability to maintain its growth trajectory amidst competitive pressures and changing consumer preferences.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $1.90 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±15.73%

Historical Avg

±9.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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 strong performance.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on wearable device sales figures and growth rates.
2Any commentary on supply chain improvements and their impact on product availability.
3Insights into competitive positioning in the consumer electronics market.
4Management's outlook on consumer spending trends in the upcoming quarters.
5Details on new product launches or innovations in GPS technology.