Garmin Ltd. (GRMN) beat expectations in Q2 FY2026 on revenue of $2.0B versus the $1.9B estimate (+11.4% YoY) and EPS of $2.81. The next Garmin Ltd. (GRMN) earnings date is Nov 4, 2026. Below is the full Garmin Ltd. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Garmin Ltd. (GRMN) Earnings Analysis — key stats
Next earnings date
Nov 4, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
6 of last 8 (quarters above estimate)
Avg next-day move
±10.7% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±29.8% (options-derived · into Nov 4, 2026)
Institutional ownership
46.1% (13F as of 2026-06-30)
Top 10 holders
31.2% (of shares outstanding)
Insider activity
6 buys / 6 sells (recent Form 4 filings)
Revenue
$2.0B (vs $1.9B est · +5.0% surprise · +11.4% YoY)
EPS
$2.81 (vs $2.30 est · +22.2% surprise · +35.1% YoY)
Share price
$310.20 (-0.6%)
Market cap
$59.8B
Garmin Ltd. (GRMN) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$2.0B vs $1.9B est
$2.81 vs $2.30 est
+22.2%
+17.3%
Beat
Q2 FY2026
$1.8B vs $1.7B est
$2.08 vs $1.84 est
+13.0%
+1.3%
Mixed
Q1 FY2026
$2.1B vs $2.0B est
$2.79 vs $2.40 est
+16.3%
+10.5%
Beat
Q4 FY2025
$1.8B vs $1.8B est
$1.99 vs $1.99 est
+0.0%
-13.3%
In line
Q3 FY2025
$1.8B vs $1.7B est
$2.17 vs $1.90 est
+14.2%
-8.6%
Beat
Q2 FY2025
$1.5B vs $1.5B est
$1.61 vs $1.67 est
-3.6%
-8.5%
Mixed
Q1 FY2025
$1.8B vs $1.7B est
$2.41 vs $1.90 est
+26.8%
+6.6%
Beat
Q4 FY2024
$1.6B vs $1.4B est
$1.99 vs $1.44 est
+38.2%
+19.3%
Beat
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
7.7%
14.8M
$3.5B
-4.0%
Vanguard Capital Management LLC
5.6%
10.7M
$2.5B
+0.8%
Undisclosed filer
4.2%
8.1M
$1.9B
+2.5%
State Street Corp
3.7%
7.1M
$1.7B
+3.1%
Artisan Partners Limited Partnership
2.7%
5.3M
$1.3B
-4.1%
Geode Capital Management, LLC
2.6%
5.0M
$1.2B
+13.8%
Fmr LLC
1.8%
3.4M
$805.9M
+57.7%
Norges Bank
1.0%
2.0M
$471.9M
+100.0%
Alliancebernstein L.P.
1.0%
1.9M
$441.1M
-1.6%
Morgan Stanley
1.0%
1.9M
$451.1M
+6.8%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
BURRELL JONATHAN
director
2026-08-10
Sell
298K
—
BURRELL JONATHAN
director
2026-08-10
Sell
90K
—
BURRELL JONATHAN
director
2026-08-10
Buy
90K
—
BURRELL JONATHAN
director
2026-08-10
Buy
298K
—
BURRELL JONATHAN
director
2026-08-04
Buy
272K
—
BURRELL JONATHAN
director
2026-08-03
Sell
170K
—
BURRELL JONATHAN
director
2026-08-04
Buy
400K
—
BURRELL JONATHAN
director
2026-08-03
Buy
57K
—
What you'll find
Next Garmin Ltd. (GRMN) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Garmin Ltd. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Garmin Ltd. (GRMN)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Garmin Ltd.'s next earnings date?
Garmin Ltd.'s (GRMN) next scheduled earnings date is Nov 4, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Garmin Ltd. (GRMN) beat or miss earnings?
In Q2 FY2026, Garmin Ltd. (GRMN) posted beat results — revenue of $2.0B versus the $1.9B estimate (+5.0% surprise) and EPS of $2.81 versus $2.30 expected (+22.2% surprise). Magnisto decodes every Garmin Ltd. (GRMN) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Garmin Ltd. beat earnings estimates?
Over its last 8 reported quarters, Garmin Ltd. (GRMN) beat Wall Street EPS estimates 6 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Garmin Ltd. (GRMN) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Garmin Ltd. stock move after earnings?
Over its last 8 quarterly reports, Garmin Ltd. (GRMN) moved an average of ±10.7% the day after earnings — ranging from -13.3% (Q4 FY2025) to +19.3% (Q4 FY2024). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Nov 4, 2026, options-implied volatility is pricing in a move of roughly ±29.8% (derived). Magnisto tracks the realized post-earnings move for every Garmin Ltd. (GRMN) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Garmin Ltd.?
Institutions hold about 46.1% of Garmin Ltd.'s (GRMN) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (7.7%), Vanguard Capital Management LLC (5.6%), Undisclosed filer (4.2%). Magnisto lists Garmin Ltd.'s (GRMN) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Garmin Ltd. (GRMN)?
In the most recent Form 4 filings Magnisto tracks, Garmin Ltd. (GRMN) insiders recorded 6 purchases and 6 sales — balanced buying and selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Garmin Ltd. (GRMN) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Garmin Ltd. (GRMN), anchored to the current $310.20 share price, so you can weigh the bull, base and bear cases for Garmin Ltd. side by side.
Is Garmin Ltd. (GRMN) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Garmin Ltd. fits your own thesis and risk profile. This is research, not investment advice.