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 (Earnings Per Share)

EPS is a key indicator of profitability and will show how well Garmin is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate how well Garmin is performing in the competitive consumer electronics market.

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 technology, Garmin's innovative products play a significant 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 Q1-2026, Garmin reported an EPS of $2.08, beating expectations by 13.04%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding its product line in health and fitness.
Commitment to enhancing software features for better user experience.
Plans to increase marketing efforts to boost brand visibility.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Garmin's upcoming earnings, given its strong track record of beating EPS estimates.

Bull Case

If Garmin continues its trend of beating EPS estimates, it could signal strong demand for its products, leading to a significant stock price increase.

Bear Case

On the other hand, if Garmin fails to meet expectations, it could raise concerns about slowing growth in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and a strong EPS could indicate robust demand for Garmin's products.

How are wearable device sales trending?

Wearable device sales are vital for Garmin's growth, and any slowdown could raise concerns about its market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's ability to innovate in the wearable market, which could drive stronger-than-expected sales.

Supporting Evidence

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

The options market is pricing in a higher move than historical averages, suggesting that traders expect significant news.

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

Key Risk

If wearable device sales exceed expectations, it could significantly alter the market's perception of Garmin's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Garmin's ability to maintain growth in a competitive landscape, particularly in the wearable technology segment.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong demand and effective cost management.

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, suggesting that traders 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 a potential stock increase of about 3.43%, confirming strong demand and effective management.

In-Line / Cautious

An in-line result may lead to a muted response, as investors await further commentary on growth strategies.

Miss

If Garmin misses expectations, the stock could drop by around 8.44%, reflecting concerns about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the wearable segment.
2Management's outlook on consumer demand for GPS and fitness devices.
3Any changes in marketing strategy to enhance brand visibility.
4Insights into supply chain challenges and their impact on production.
5Comments on competitive pressures in the consumer electronics market.

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)

EPS is a key indicator of profitability and will show how well Garmin is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate how well Garmin is performing in the competitive consumer electronics market.

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, beating expectations by 13.04%. The stock reacted positively, gaining 2.13% the following day.

Management Promises & Guidance

Focus on expanding its product line in health and fitness.
Commitment to enhancing software features for better user experience.
Plans to increase marketing efforts to boost brand visibility.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Garmin's upcoming earnings, given its strong track record of beating EPS estimates.

Bull Case

If Garmin continues its trend of beating EPS estimates, it could signal strong demand for its products, leading to a significant stock price increase.

Bear Case

On the other hand, if Garmin fails to meet expectations, it could raise concerns about slowing growth in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and a strong EPS could indicate robust demand for Garmin's products.

How are wearable device sales trending?

Wearable device sales are vital for Garmin's growth, and any slowdown could raise concerns about its market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Garmin's ability to innovate in the wearable market, which could drive stronger-than-expected sales.

Supporting Evidence

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

The options market is pricing in a higher move than historical averages, suggesting that traders expect significant news.

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

Key Risk

If wearable device sales exceed expectations, it could significantly alter the market's perception of Garmin's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Garmin's ability to maintain growth in a competitive landscape, particularly in the wearable technology segment.

Bull Confirmed If

An EPS of $2.20 or higher would confirm strong demand and effective cost management.

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, suggesting that traders 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 a potential stock increase of about 3.43%, confirming strong demand and effective management.

In-Line / Cautious

An in-line result may lead to a muted response, as investors await further commentary on growth strategies.

Miss

If Garmin misses expectations, the stock could drop by around 8.44%, reflecting concerns about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the wearable segment.
2Management's outlook on consumer demand for GPS and fitness devices.
3Any changes in marketing strategy to enhance brand visibility.
4Insights into supply chain challenges and their impact on production.
5Comments on competitive pressures in the consumer electronics market.