Arete starts coverage of Garmin stock with a USD 335.00 target

Published on 10/20/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin posted Q2 revenue of USD 2.02 billion and earnings per share of USD 2.80. The October 28, 2026 release sets the next date for Garmin stock.

Analyst coverage and earnings date

Arete Research began coverage with a Buy rating and a USD 335.00 target on October 14, 2026.
Garmin reported USD 2.02 billion in second-quarter revenue and USD 2.80 diluted earnings per share.
Garmin stock closed at EUR 257.30 on October 19, 2026.
Third-quarter results are scheduled for October 28, 2026.

SIX-Swiss-Exchange-Handelssaal Zürich mit Händlern, Kurstafel und SMI-Elektroniksektor-Daten — Garmin Ltd. SIX Swiss Exchange Zürich Handelssaal SMI Elektronik-Sektor Kursanzeigen Börsenhändler CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (CH0114405324) drew a Buy initiation from Arete Research with a USD 335.00 price target on October 14, 2026, according to MarketBeat. The note gives Garmin's upcoming earnings release a clear test: the company must turn its second-quarter growth into another period of expansion.

Second-quarter growth sets the base

Garmin generated USD 2.02 billion in second-quarter revenue for the period ended June 27, 2026, while diluted earnings per share reached USD 2.80 and operating profit stood at USD 615.5 million. The figures come from the standardized quarterly statement and are also carried by MarketBeat, which reported revenue growth of 11.4 percent year over year and earnings per share of USD 2.81 on a comparable quarterly basis.

The operating result matters because it shows how much of Garmin's sales growth reached the business before financing and taxes. Cash from operating activities was USD 403.6 million in the second quarter, giving the results a cash-flow counterweight to the profit figure.

Three events changed the setup

On July 30, 2026, Garmin reported USD 2.02 billion in second-quarter revenue. On October 13, 2026, the company introduced its third-generation MARQ collection with prices starting at USD 2,500 and announced its 1,000th G1000 King Air retrofit, as Investing.com reported. On October 14, 2026, Arete Research initiated coverage at Buy with a USD 335.00 target.

What does the USD 335 target mean?

Garmin's last primary-exchange quote was USD 286.16 at 4:02 p.m. ET on October 19, 2026. The Arete target is 17.07 percent above that quote, while the same source reported a USD 186.67 to USD 314.28 52-week range. The target therefore points beyond the recent high, but the upcoming report remains the next measurable check on that valuation.

Next earnings date is October 28

Garmin has scheduled its third-quarter 2026 earnings release and conference call for October 28, 2026. The company said the release will come before the market opens, followed by a call at 10:30 a.m. EDT, according to Garmin.

Stock reference for German investors

Garmin's Xetra close was EUR 257.30 on October 19, 2026. The quote gives German investors a euro reference, while the company's primary listing remains on the NYSE in USD. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.