Garmin stock heads into Q3 results with growth intact

Published on 10/04/2026 at 20:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin stock enters October at USD 281.16 after Q2 revenue rose 11 percent to USD 2.02 billion. Eight analysts set a USD 310.17 average target, with Q3 results due October 28, 2026.

Extremes Makrofoto einer grünen GPS-Leiterplatte mit goldenen Lötpunkten und SMD-Mikrobauteilen — Garmin Ltd. extreme Makro-Detailaufnahme grüne GPS-Empfänger-Leiterplatte Lötpunkte Mikrobauteile Elektronikbranche Nahaufnahme ISIN CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) closed at USD 281.16 on the NYSE on October 2, 2026, down 0.46 percent from the prior close. The company enters October with second-quarter revenue of USD 2.02 billion, up 11 percent year over year, while its next results date is already set for October 28, 2026.

Q2 growth sets the baseline

According to Yahoo Finance on September 19, 2026, Garmin's second-quarter operating income rose 30 percent to USD 616 million, and gross margin reached 62.4 percent. The result gives the October earnings date a clear benchmark: management must show whether growth is holding after a record quarter.

The marine segment supplied one of the strongest operating signals. Revenue rose 14 percent year over year to USD 341.4 million in Q2 2026, while marine operating income reached USD 100 million and the segment posted a 29 percent operating margin, according to Yahoo Finance.

Analysts see room above USD 300

MarketBeat reported on September 29, 2026, that eight analysts assigned Garmin a Moderate Buy consensus. The average 12-month price target is USD 310.17, with a high target of USD 370.00 and a low target of USD 250.00.

Against Garmin's USD 281.16 closing price on October 2, 2026, the average target lies 10.3 percent above the price. MarketBeat also cited Morgan Stanley's increase from USD 249.00 to USD 289.00 on July 30, 2026, while the firm kept an Equal Weight rating.

October 28 is the next test

Garmin announced on September 23, 2026, that it will release third-quarter results before market open on October 28, 2026, followed by a conference call at 10:30 a.m. ET. That date puts the next report at the center of the stock's valuation debate.

The operating picture is not uniform. Outdoor revenue fell 2 percent in Q2 2026, while auto OEM operating income was USD 3 million, leaving marine and fitness to offset weaker pockets of demand, according to Yahoo Finance.

Garmin stock holds above USD 280

Garmin stock closed at USD 281.16 on October 2, 2026, with a session range of USD 280.09 to USD 286.50. Its 52-week range was USD 186.67 to USD 314.28, while market capitalization stood at USD 54.2 billion and volume reached 830,704 shares.