GRMN Stock Movement Summary Garmin (GRMN) advanced 9.44% to $237.46 on Wednesday, marking the third consecutive day of gains. Earnings Performance: - Q4 adjusted EPS of $2.79 beat the consensus estimate of $2.40 by 16.44% - Q4 sales of $2.125B exceeded the $2.018B estimate - The fitness wearable sector drove record profits for the company Forward Guidance: - FY2026 adjusted EPS guidance of $9.35 versus $8.70 estimate - FY2026 revenue guidance of $7.900B versus $7.631B estimate Analyst Action: Morgan Stanley upgraded Garmin to Equal-Weight and raised its price target to $252. Capital Allocation: - Board plans a 17% quarterly dividend increase to $1.05 per share - Company announced a new share repurchase program
Read full analysisGRMN Stock Movement Summary Garmin (GRMN) advanced 9.44% to $237.46 on Wednesday, marking the third consecutive day of gains. Earnings Performance: - Q4 adjusted EPS of $2.79 beat the consensus estimate of $2.40 by 16.44% - Q4 sales of $2.125B exceeded the $2.018B estimate - The fitness wearable sector drove record profits for the company Forward Guidance: - FY2026 adjusted EPS guidance of $9.35 versus $8.70 estimate - FY2026 revenue guidance of $7.900B versus $7.631B estimate Analyst Action: Morgan Stanley upgraded Garmin to Equal-Weight and raised its price target to $252. Capital Allocation: - Board plans a 17% quarterly dividend increase to $1.05 per share - Company announced a new share repurchase program
Garmin designs and manufactures GPS navigation devices, wearable fitness trackers, marine electronics, and aviation avionics, generating $7.25 billion in annual revenue across five diversified business segments. A 42% surge in fitness wearable sales drove record Q4 results, and the company's FY2026 guidance of $7.9 billion in revenue signals continued broad-based momentum — the catalyst behind this week's sharp rally and today's Morgan Stanley upgrade.