Garmin (GRMN) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.76
- Estimate
- $2.38
- Surprise
- +15.8%
- Revenue (period 2026-09-26)
- $1.99B
- Score at report (before → after)
- 6.2 → 6.0/10
Revenue source: xbrl.
How the report landed
Garmin (GRMN) beat the $2.38 estimate with adjusted EPS of $2.76 — a large 15.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.2/10) to Hold at 6.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates GRMN Hold at 6.1/10.
4 of the last 4 quarters beat the estimate; this quarter's +15.8% surprise compares with a +17.0% four-quarter average. Next scheduled report: 2027-02-17.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.4 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Supplier: sole source suppliers
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $279.94
- Stop
- $261.08
At 26.9× trailing and 24.7× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
GRMN at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Scientific & Technical Instruments
- Market cap
- $53.94B
- P/E (fwd)
- 24.7
- P/E (ttm)
- 26.9
- 52-week range
- $186.67–$314.28
- Off 52-week high
- 10.9%
- RSI (14)
- 59
- Volume vs avg
- 1.19×
- Score today
- 6.1/10